National Properties, DIB deal

  • United Arab Emirates: Monday, December 31 - 2007 at 14:06

National Properties, the wholly owned real estate subsidiary of the UAE's National Bonds Corporation, has signed a financing agreement with the Dubai Islamic Bank (DIB). The DIB will offer shariah compliant mortgage packages to investors at National Properties' current and future developments, including the ongoing $408m Skycourts which is being built in Dubailand. National Properties also recently launched the Flamingo Creek development at the Lagoons in Dubai.

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