National Properties signs agreement with Dubai Islamic Bank

The agreement extends to all current and future developments of National Properties including Skycourts, the Dhs1.5bn residential project under construction in Dubailand. Dubai Islamic Bank will offer its range of Islamic finance solutions to those wishing to own units in these developments.

National Properties focuses on offering distinctive lifestyle choices to the multinational UAE community by identifying gaps in the market and addressing them through unique developments that combine a great deal of passion in their location, design, architecture and pricing.

Skycourts, the maiden real estate initiative from National Properties, offers 2,300 elegant yet affordable apartments in six towers with access to all amenities for modern day city living.

Following the successful launch of Skycourts, National Properties recently unveiled its second residential community, Flamingo Creek, in the Lagoons master development in Dubai.

Commenting on the agreement with Dubai Islamic Bank, Adel Lootah, Chief Executive Officer of National Properties said that more than building homes National Properties believes in helping people realise their dream of owning a home.

"Our association with Dubai Islamic Bank means buyers of our units can now avail of the best of financing solutions from the region's leading Islamic bank," he added.

Mohammed Amiri, Senior Vice President, Retail and Business Banking, DIB added: "We are committed to meeting the diverse needs of our customers through partnering up with similar entities that trickle down benefits to the community."

He concluded: "This agreement will add value to Dubai Islamic Bank's customers who can now consider buying property from this innovative and well reputed property development company."