AMLAK offers 90pc finance to JBR home buyers

DUBAI - AMLAK Finance has announced that it will finance up to 90 per cent of the purchase price of the home in Jumeirah Beach Residence (JBR).

By A Staff Reporter

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Published: Fri 3 Dec 2004, 12:39 PM

Last updated: Thu 2 Apr 2015, 11:46 AM

Finance will be available for 25 years for UAE nationals and 15 years for expatriate residents at competitive rates. “We are thrilled to offer qualified home buyers the assistance they need to purchase a JBR home that matches their lifestyle,” said Mohammed Ali Al Hashimi, CEO of AMLAK Finance. “We are proud to support the government-led initiative to offer quality homes and a lifestyle to match by providing mortgage finance to Estithmaar customers.

Since AMLAK's successful debut on the Dubai Financial Markets earlier this year, the Islamic finance company and mortgage pioneer has been working to develop its mortgage portfolio to finance customers of some of the most prestigious developers in the country in addition to Emaar.

“The strengthening of AMLAK's capital base to Dh750 million through a ground breaking IPO earlier this year has enabled us to well and truly open our doors to the growing ranks of developers. Our forthcoming innovative residential mortgage backed Sukuk, the first of its kind in the region, should further strengthen our capital base and allow AMLAK to make more dreams of homeownership come true,” Hashimi added.

So far AMLAK has financed more than 3,200 home buyers and extended more than Dhs2.5 billion in mortgage finance. Every home buyer approved for AMLAK finance will receive a Privilege Card.

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