Tamweel P.J.S.C :: Product Overview

BAITI

A product specially designed for UAE & other GCC nationals

Baiti is exclusively designed for UAE & other GCC nationals to help them buy or build their own home. It offers finance up to AED 7.5 million. Baiti is available both for existing properties and properties under construction on private land, with a tenure of up to 25 years.

OUR ADVANTAGES

Convenient pre-approval finance facility
No salary transfer
Pay when you stay
Quick finance approval
Sharia compliance
Fixed & flexible profit rate options

SHARIA COMPLIANCE

All our products are Sharia compliant. This product is based on an Ijara concept, which is a lease contract wherein the financier leases the asset to the customer in return for rental payment for a specified financing period. The financier promises to transfer the title of the asset to the customer at the end of the financing period if all payments have been made.

High Finance Amounts

FREQUENTLY ASKED QUESTIONS

Are Tamweel's home finance products Sharia'a compliant?

Yes. All Tamweel products are Sharia'a compliant and have been designed on the basis of Islamic Financing concepts.
What happens if I sell the property before the financing is paid off?

You would need to make an immediate repayment of the outstanding principal amount and the actual prepayment costs only.
How much financing can I afford?
Your total monthly outflows or payments (including the property financing repayments) should not exceed 55 percent of your total monthly income. Our Finance Calculator will help you work out approximately how much your monthly home finance repayment would work out to.
How much Financing am I eligible for?

Tamweel finances up to a maximum of 80% of the value of the property. This, however, varies from one product to another and from property to property.
What type of properties do you finance?
We provide home financing for properties from our approved list of developers. Our financing is available for home construction and for the purchase of existing / ready property.
How long can the term of financing be?

We can provide financing for up to 15 years (for fixed rate financing) and up to 25 years (for flexible rate financing).
Can I repay my financing early?

Yes, you may repay your financing early. Our finance advisors are available to advise you on how to minimize your prepayment costs. As this is a Sharia'a compliant offer, you do not have to pay penalty charges for prepayment - only a charge based on the actual prepayment cost will be payable by you.
Can I pay off part of the financing or make extra payments each month?

Yes, you may make lump sum or extra payments. Your finance advisor can guide you regarding your payment schedule.
Do I need insurance, and if so, what kind ?
Yes, at Tamweel, we require "Property Takaful", as well as "Family Protection Plan". As part of our service, we have an alliance with Salama Insurance to provide Sharia'a compliant Family Protection Plan at very competitive rates for all our customers.
What happens if I have to move out of the country during the financing period?

You may continue to repay the installments for the finance by providing us with fresh repayment instructions, or you may prepay the finance arrangement before selling off the property.
How do you enlist a developer onto your approved list?

Developers are enlisted by Tamweel based on a number of factors. Their financial strength, their professional project management capabilities, demand for their properties, and many other salient factors.

Note

All prices and details are subject to change without prior notice. Please check with our finance advisor for updated information.
All finance facilities are granted at the sole discretion of Tamweel PJSC.
Terms and Conditions

LEARN MORE

To learn more about Baiti, give us a call on 800-TAMWEEL or fill out an application.

Click here To download the tariff card.

Click here To download the application form.

PRODUCT FINDER

Forward Ijara - For homes under construction
Begin Repayments Only After Possession Don’t worry about paying rent and home installments at the same time with Forward Ijara. Forward Ijara provides financing to buy a property during its construction. For even more convenience, your payments don’t start until one month after construction is completed! Forward Ijara financing is available for a wide array of developers.
Flexi Ijara - Payments on a flexible profit
Looking for some flexibility? Make payments on a flexible profit basis
Fixed Ijara - Payments on fixed profit
Keep your Mind at Ease With Fixed Ijara financing, we ensure your profit rate remains fixed on ready property throughout the finance tenure. This option helps you plan your budget – and ensures your complete peace of mind.
Pre-Approval Finance Facility - Finance approval before selection of a home
Want to start your home search with confidence? Get approval before selecting a home.
Yusr - Adjustable Repayment Mortgage for up to 3 years
Make Home Owning More Affordable Yusr, the world's first Sharia compliant Adjustable Repayment Mortgage, enables you to pay up to 30% lower monthly installments in the initial years for any ready property. Yusr is an affordable way to enter the property market.
Baiti - A product specially designed for UAE/GCC Nationals
Make Home Owning More Affordable Baiti is exclusively designed for UAE or GCC nationals to help them buy or build their own home. It offers finance up to AED 7.5 million. Baiti is available both for existing properties and properties under construction on private land, with a tenure of up to 25 years.
Soyoula - Home refinance programme
If you’re already a home owner, you no longer have to sell your home to enjoy its worth. With Soyoula, Home Refinance Programme - exclusively from Tamweel - you can get up to 75% of the value of your home as finance. You’re free to use the finance for a second home, yacht, stock investments, children’s education - or anything else you might have wished for. With Soyoula… it’s now within your reach!
48 Hours - Finance approval in 48 hours
Need a fast response? We’ll process your home finance application within 48 hours.
Irad - Buy-to-let programme
Looking for a unique investment? Try our buy-to-let programme which offers you finance up to 75% of your property’s market value.
Commercial Ijara - Ready property financing
A Commercial Ijara is suitable for the purchase of warehouses, complexes, retail office space, shops, or financing of 4 or more properties (commercial deal).
Commercial Land Murabaha - Land financing
Land Financing from our approved list of developers.
Commercial Forward Ijara - Under construction property financing
Finance facility for customers buying an office block or retail shop in an under construction project by one of our approved developers.