Emirates Islamic ties up with Marina Arcade to offer attractive home finance packages

September 05, 2016

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced that it has tied up with Marina Arcade to offer attractive home finance facilities for Marina Arcade Tower, a signature free-hold residential development in Dubai Marina. Marina Arcade is a boutique property development company headquartered in Dubai, and founded by prominent investors in the GCC. The agreement was signed by Faisal Aqil, Deputy CEO – Consumer Wealth Management, Emirates Islamic and Abdulaziz Al Awar, Chief Executive Officer, Marina Arcade at a ceremony held recently.

Customers can avail up to 25 years financing at competitive rates for the premium project that will offer one, two, three bedroom and duplex apartments and rooftop townhouses with exclusive elevators and Jacuzzis with stunning views of The Palm and Dubai Marina. The G+47 tower will house luxurious facilities.

Speaking at the signing ceremony, Faisal Aqil said, “Purchasing a home is one of the most important decisions made during the lifecycle of our consumer banking clients and Emirates Islamic remains committed to facilitating home ownership in the UAE. We are pleased to offer customers an opportunity to own a house in one of the most premium developments planned in the prestigious Dubai Marina area. With attractive rates and a longer financing tenure of 25 years, we are certain that customers will welcome this offer.”

In addition to attractive rates, customers applying for home finance can benefit from fast-tracked documentation and quick approvals along with automatic enrolment to priority banking privileges. To safeguard customers’ property investments, Emirates Islamic is also offering escrow account services for the project.

Announcing the agreement, Abdulaziz Al Awar said “We are delighted to join hands with one of the leading banks in the UAE and would like to thank Emirates Islamic for their support and cooperation. I am certain that this association would further raise the profile of the Marina Arcade project.”