Tamweel offers Jumeirah Village villas with finance up to 97%

Through its innovative financing, Tamweel launches the sale of a limited number of Jumeirah Village villas and townhouses at competitive market prices. This scheme mandates online registration through Tamweel's website. Online registration is open from today until the 7th of November, 2006. Once registered, customers will be requested to submit a set of documentation that enables Tamweel to assess their finance application. This pre approval process is a unique feature, introduced by the leader of home finance, designed to enable home buyers to make an informed decision based on their financial eligibility. Once approved, customers will be called in the sequence of their registration number to come and select their desired villa.

The attractive package also encompasses market information about the villas and townhouses and extends a one-of-its-kind opportunity to prospective homebuyers to be part of a prestigious development at an incredible price complimented by a competitive finance facility.

In view of Tamweel's direct involvement in the sale process, there are no real estate fees and transfer fees.

The scheme reinforces Tamweel's leadership in the market and its commitment to continuously provide solutions aimed at making home ownership more affordable in the country.

Commenting on the innovative promotion, Mr. Adel Al Shirawi, CEO of Tamweel, said:

"We are proud to unveil yet another attractive promotion to extend up to 97 per cent finance for villas and townhouses at the Jumeirah Village. This offer, valid for a limited period of time, is aimed at extending affordability and convenience to homebuyers in the UAE and reinforces our commitment to the market."

He added: "The promotion further reiterates our understanding of the market dynamics and the customers needs for more affordable villas as we continue to deliver first-to-market financing solutions that redefine the ultimate home-buying experience."

Jumeirah Village is planned around four distinct themes, offering a diverse range of amenities, with retail and leisure facilities for the development's residents and guests, including international schools, town and country clubs, community centre, medical clinics, jogging and cycling trails and community sports centres.

Tamweel is the only company in the UAE that has offered Islamic home finance products since its inception and its products and services have won wide acceptance among home buyers in the country.