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Tamweel offers 90% finance at Cityscape Dubai 2008

Tamweel PJSC announced today that it will offer up to 90% finance on selected Tamweel properties during Cityscape Dubai 2008, the largest business-to-business real estate investment and development event in the world, which takes place from October 6-9, 2008, at the Dubai Exhibition and Convention Centre.

  • United Arab Emirates: Sunday, October 05 - 2008 at 15:21
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Tamweel will also waive arrangement fees upon registration on selected Tamweel properties during this period.

Visitors who register at the Tamweel exhibition stand will avail of a finance pre-approval facility for up to 90% finance on a property of their choice. The pre-approval finance facility will have to be used before October 31, 2008.

Wasim Saifi, Group Chief Executive Officer, Tamweel, said: 'We are pleased to offer our customers this exclusive opportunity to own their dream home in the UAE. With up to 90% finance, no arrangement fee and a product portfolio to suit every need, we encourage homebuyers at Cityscape to take advantage of this attractive offer.'

At this year's Cityscape Dubai, Tamweel is participating on a larger scale to showcase its activities across its portfolio companies. Tamweel Properties & Investments LLC, a fully owned subsidiary focused on real estate investment and brokerage services, will showcase select properties in Dubai and Abu Dhabi.

As the first mortgage provider to be appointed as an official escrow account agent by the Dubai Land Department, Tamweel will showcase its escrow management services. Under the escrow services, Tamweel offers accounts custody and cash management services, treasury management services, short-term financing services and expert guidance to enhance fund management.

Visitors to Cityscape Dubai can chose from a range of innovative real estate financing solutions from Tamweel and avail of exciting offers at its stand 6B30 in Hall # 6.

In its seventh year, Cityscape Dubai attracts regional and international investors, property developers, government and development authorities, leading architects, designers, consultants and professionals involved in the property industry. Last year, nearly 850 exhibitors showcased their projects and services to 51,855 professionals from 136 countries at Cityscape Dubai.




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Notes and media contacts

About Tamweel PJSC:
Tamweel PJSC, the highest-rated non-banking financial institution in the region (rated A by Fitch and A3 by Moody's) is the largest provider of real estate finance in the UAE by market share and asset size. Tamweel was established in March 2004, became a public joint stock company in June 2006 and was listed on the Dubai Financial Market in July 2006.

Tamweel is a provider of a wide range of unparalleled customer-service solutions and innovative home finance products, working with 300 partners across the UAE. The company, which aims to become the regional home finance leader through its expansion plans into Saudi Arabia, Egypt and other countries in the MENA region, has branches in Dubai, Sharjah and Abu Dhabi, as well as in Saudi Arabia and Egypt. For more information, please visit www.tamweel.ae

For further information on Tamweel, please contact:
Nabil Abou Alwan
Head of Marketing & Product Development
Tamweel PJSC
Dubai, UAE
Tel: 971-4-2944400
Fax: 971-4-2944331

Nicholas Nesson / Sudha Hemmad / Gunjan Chaurasia
ASDA'A Public Relations
Dubai, UAE
Tel: 971-4-335969
Fax: 971-4-3356080
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Sunday, October 05 - 2008 at 15:21 UAE local time (GMT+4)

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