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Varun Sood, Chief of Home Finance, DIB and Farhad Azizi

Azizi Developments partners with Dubai Islamic Bank

DUBAI, January 21, 2020

Azizi Developments, a leading private developer in the UAE, has signed partnership agreements with several leading banks in the region to offer its customers customised financing solutions.
 
The most recent agreement has been formed with its long-standing partner Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE.
 
Through Azizi’s agreement with DIB, those interested in investing in property can now avail customised finance solutions that are tailored exclusively for Mina, the developer’s luxury residential development on the east crescent of the iconic Palm Jumeirah, and Riviera, its 71-building French-Mediterranean-inspired community project in the heart of Mohammed bin Rashid City. Customers benefit from four-year post-handover payment plans, 50% DLD waivers, free service charges for two years, a MyHome credit card to budget the extras, and much more.
 
Moreover, the developer has signed partnerships with several other financial institutions, including First Abu Dhabi Bank (FAB), Commercial Bank International (CBI), United Arab Bank (UAB), Bank of Baroda (BOB), Arab Bank, Sharjah Islamic Bank (SIB) and Ajman Bank, while also having established strong banking relationships with other leading institutions, including Mashreq, Abu Dhabi Commercial Bank (ADCB), The National Bank of Ras Al-Khaimah (RAK Bank), Abu Dhabi Islamic Bank (ADIB), Noor Bank, Commercial Bank of Dubai (CBD), National Bank of Fujairah (NBF), Emirates NBD and Emirates Islamic Bank (EIB), allowing Azizi’s customers to benefit from previously-unseen, tailored financing options.
 
Farhad Azizi, CEO of Azizi Developments at Azizi Developments, commented: “We are delighted to partner with some of the region’s leading banks to offer our customers innovative financing solutions that enable them to own their dream home with ease. With this wide array of outstanding mortgage options covering most of our world-class residences, these partnerships were established as part of our pursuit to be the most customer centric developer in the UAE and beyond.” 
 
“This partnership is also in line with Azizi Developments’ belief that financing options are best handled by banks that specialise in offering optimal services and platforms, granting investors opportunities and facilitated, flexible payment plans that a developer’s mortgage or collection teams may not have access to, while developers owe their customers timely handovers of quality properties,” Azizi added.
 
Launched in 2015 and headed by Dalsi Rashou, Azizi Developments’ dedicated mortgage department has been helping investors and end-users find and secure the best, most suitable home financing solutions, tailored to their individual requirements, said the company. - TradeArabia News Service 
 
 
 
 



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