Partnership between"Dubai Holding Properties" And Commercial Bank of Dubai to launch a new housing financing program
DUBAI, June 10, 2018 (WAM) – Dubai Holding Properties announced its partnership with the Commercial Bank of Dubai to launch a new home financing program for eligible customers who purchase properties through its brands “Nakheel”, “Meeras” and Dubai Properties.
The program is available to citizens and residents of the UAE, including qualified employees and self-employed people, who wish to purchase off-plan or completed villas and apartments for residence within the Dubai Holding Properties portfolio.
The program aims to provide a smoother and more transparent path to ownership, with preferential prices, attractive fee structures, quick digital registration procedures, customized relationship management, and access to a selection of distinctive banking benefits.
It provides conventional and Islamic financing solutions, subject to meeting eligibility requirements and regulatory approval, which expands the range of options for customers across the country, and includes digital pre-approval supported by an automated assessment of meeting eligibility requirements.
The possibility of obtaining financing starting from the completion of 30% of the construction phase, provided that the customer has met the condition of paying 50% of the value of the property, is one of the most prominent advantages of the program.
Khalid Al Malik, CEO of Dubai Holding Properties, said that enabling customers to access favorable housing financing options at an early stage in their home ownership journey was a top priority for Dubai Holding Properties, while the partnership with Commercial Bank of Dubai comes in response to this urgent necessity by providing early and more organized access to housing financing solutions in the Nakheel, Meraas and Dubai Properties projects for citizens and residents of the UAE, including employees and business owners. Free.
For his part, Dr. Bernd van Linder, CEO of Commercial Bank of Dubai, said that through the partnership with Dubai Holding Properties, the bank is working to facilitate obtaining housing financing through the speed of completing digital pre-approvals, specialized experience in the field of real estate financing, and efficiency in the registration process.
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