24 January, 2011
Tamweel introduces promotional home finance profit rates starting from 4.99 per cent
Real estate finance provider offers up to 80 per cent finance on ready residential properties in Dubai and Abu Dhabi
Dubai, January 23, 2011: Tamweel PJSC, the UAE-based Islamic home finance provider, announced today the launch of a promotional finance offer starting at just 4.99 per cent per annum.
Financing is available for up to 80 per cent of the current value of ready residential properties in Dubai and Abu Dhabi, this promotion is being offered to salaried and self-employed residents who meet the required eligibility criteria.
“At a time of global economic recovery and a sustained growth outlook here in the UAE, there are now clear signs of increasing confidence in the country’s property market,” said Varun Sood, Acting Chief Executive Officer of Tamweel. “In line with Tamweel’s commitment to providing innovative solutions to meet the evolving needs of UAE-based investors and homeowners, we are therefore very pleased to announce the launch of this promotional campaign, which offers attractive profit rates for ready residential properties in Dubai and Abu Dhabi.
“While real estate prices have fallen in recent years, the trend in most mature developments is towards stabilisation. Demand is increasing among end users, and this a very positive trend for the market. As the economic climate has become more favourable, more attractive financing options have become available, giving more home finance choices to end users. We believe that with a more stable and realistic market, where the difference between renting and buying is small, people should consider buying now.”
For further information regarding home finance solutions from Tamweel, customers may visit the company’s branches at Business Avenue building in Deira, Dubai, and at the Marina Mall in Abu Dhabi. Customers may also contact the company by calling its call center on 800-TAMWEEL (8269335) or via its website: www.tamweel.ae