Construction News
In association with www.TradeArabia.com

Azizi signs home finance deal with Dubai Islamic Bank

15-04-2019

Azizi Developments, one of the leading private developers in the UAE, is partnering with Dubai Islamic Bank, the UAE’s largest Islamic bank, to offer investors an exclusive property buying solution, called MyHome, across all of its projects.
 
MyHome simplifies the home buying process through a heightened degree of flexibility and affordability. Customers can choose payment plan options of up to 48 months at mortgage-like rates, said the statement from Azizi Developments. 
 
Those opting for payment plans of up to 6 months will pay no charges. This solution addresses all types of payments towards home buying, allowing customers to budget payments to the developer, service fees, registration fees, bank processing fees, and much more.
 
Designed around their home buying needs, customers are granted the power of choice with a variety of benefits across the entire spectrum of the home buying journey. 
 
MyHome addresses needs beyond home financing; it provides security for customers’ families, wealth, and health, with a wide array of benefits. 
 
CEO Farhad Azizi said: "In consolidation of our customer-centric approach and in celebration of our recently-announced ‘Year of Construction,’ it is our privilege to partner with Dubai Islamic Bank, an esteemed institution, to offer interested parties financial solutions that will cover our full line-up of world-class residential choices." 
 
DIB Chief of Home Finance Varun Sood said: "As the largest home finance provider in the UAE, we continue to shape the dynamic skyline of the country and provide our customers with exclusive home finance offerings and a seamless experience around our flexible and value-driven offerings."
 
"Knowing our customers’ needs has been a key factor that helped us work successfully with our partners in the past. We are excited to expand our relationship with Azizi Developments through this unique proposition aimed at facilitating home finance ownership for the populous across the nation," noted Sood. 
 
Azizi said the company envisions and strives to offer its customers premium, affordable properties that yield high rental returns by delivering quality projects that appeal to different lifestyles. 
 
"This partnership is in line with Azizi Developments’ belief that developers owe their customers timely handovers and quality properties in the same way that financing options are best handled by banks that specialise in offering customers optimal services and platforms, granting them opportunities and facilitated, flexible payment plans that a developer’s mortgage or collection teams may not have access to," he added.-TradeArabia News Service



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