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Noor Bank to provide financing solutions for finished and off-plan projects

UAE - August 27, 2015
noor bank dubai

Noor Bank announced a partnership with Dubai Properties, in order to provide financing solutions to cover a range of finished and off-plan real estate projects such as “Mudon”, “The Villa” and “Remraam”.

This partnership will provide rewarding financial solutions for clients, whether in the UAE or outside where the funding will become available for periods of up to 25 years reaching 80% for UAE nationals and 75% for residents outside the UAE with regards to the completed projects and 50% for the off-plan projects with finance amounts of up to AED 25 million.

Pawan Dhawan, Head of Home Finance, Noor Bank, said that this cooperation aims to provide solutions compliant with Islamic Sharia for customers who are in need of funding assistance.

Whereas, Abdullah Abu Shabib, CEO of sales and customer service in Dubai Properties, was delighted with this partnership and explained that the company has a commitment to providing solutions that meet the needs of its customers to own their own homes in UAE, he also predicted in his speech that the demand for high quality real estate units with reasonable prices will increase during the coming period from home buyers, ranging from young professionals to large families.



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