EIB launches Jumeirah home finance scheme
Dubai, March 18, 2012
Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the region, said it has launched a special housing finance campaign for customers to help them own their dream home in “Jumeriah Park,” a key project developed by Nakheel.
The new Manzili programme is targeted at individuals who wish to avail home finance for their own home in Jumeirah Park, said a statement from EIB.
The first-of-its-kind offer in the current market, this package offers competitive variable rate options starting from 5.9 per cent for a maximum period of 25 years, with a 24 hour pre-approval offer.
“The UAE housing market has changed noticeably over the last year, and everyone involved in the property market has needed to evolve as a consequence,” said Faisal Aqil general manager (Retail Banking), EIB.
“As Dubai witnesses economic recovery, we believe some of the properties have begun to offer compelling value, particularly in prestigious locations like Jumeirah Park, which are nearing completion and offer good value for both end users and investors,” he remarked.
'The EIB has always been at the forefront of developing innovative offers for all the target segments we serve, and this launch is an extension of our customer centric approach,' Faisal Aqil noted.
'We would like to facilitate customers who are interested in owning their dream home, and believe that our competitive offering will support the growing interest in the UAE’s real estate sector,” he added.-TradeArabia News Service
More Finance & Capital Market Stories
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai
- Ultra rich number to grow 35pc in Mideast
- Saudi IPO market 'set for big year'
- RAK 'exploring' ceramics unit stake sale
- Bahrain Bourse wins key UK award
- Alba backs Euromoney forum
- URC bond rating upgraded to stable outlook