Tamweel to provide home financing to customers of DWC

The Memorandum of Understanding (MoU) will enable the two organisations to work closely in formulating the different home financing schemes for a range of housing options in the upcoming city.

Expected to house and host a million people eventually on completion, the finance agreement will cover all real estate DWC components -Residential City, Commercial City and Golf City.

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Khalid bin Harib, CEO, Real Estate, Dubai World Central said: "We were looking for a long-term partner who would understand DWC's vision to create a business hub that the travel, tourism, commercial and logistics world will use and integrate into their multiple levels of activities."

"Tamweel will draw up a home financing system along with DWC in line with the project's goal of being the largest aviation and logistics community in the world," said Adel Al-Shirawi, CEO of Tamweel PJSC.