Complex Made Simple

Home finance solution: Own for Just 40% of your rent

Emaar Development, the global developer, today announced its partnership with Dubai Islamic Bank, the UAE’s largest Islamic Bank, to provide an exclusive and value-added home finance programme for Emaar’s customers. Assuring exceptional value for investors, the home financing is the most attractive and unheard of in the market today for its affordability and potential to earn greater than 10% return on investment.

Amit Jain, Group CEO of Emaar Properties and Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank, were present amongst other senior officials of both entities at the signing ceremony in Dubai.

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With the new home financing solution, owning a home Emaar’s world-class residences in elegantly designed master-planned communities is more affordable than ever before. Among several benefits, customers can benefit from extended 25-year financing, with 0% financing cost for the first five years.  Investors and end-users will benefit from the lowest margin throughout the home-finance tenure at 3-month EIBOR plus 1% fixed margin for life. They also benefit from zero processing fee, zero valuation fee, and zero Dubai Land Department registration fee.

Furthermore, customers only have to pay 50% of the total price during the construction stage with the rest to be paid only in up to 25 years. With the attractive offer by Dubai Islamic Bank, customers will only have to pay installments as low as AED 2,500 ($681) per month when they invest in a property valued at AED 2.5 million ($681,000), and just about AED 1000 ($272.4) per month for a property priced AED 1 million ($272,000) for the first five years.

The monthly installments are less than 40% of the rent that many people pay today for similar units, ensuring that they can effortlessly shift from rental homes to an owned-home lifestyle, in Emaar’s prestigious communities in Dubai. For end users, the monthly home finance payment will be reduced by to at least 60% of their monthly rental for a comparable property during the first five years.

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Bader Hareb, CEO, Emaar Development said: “Large monthly installments were holding back many aspirant customers from investing in property; now with the extremely low payment schedule, they can own a dream home in Dubai effortlessly and enjoy a superior lifestyle.”

Said Dr. Adnan Chilwan, Group CEO DIB. “With DIB being the largest home finance provider in the country, our exclusive home finance programme for Emaar’s customers offers some of the most attractive home finance solutions in the market today. Convenience, flexibility, and value remain our top priorities as we aim to enable and facilitate home ownership in Emaar’s communities for the populous across the nation.”

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Customers can choose their dream home from an extensive portfolio of developments including Downtown Dubai, a most sought-after destination by investors underlined by icons such as Burj Khalifa, The Dubai Mall, The Dubai Fountain, and Dubai Opera. Dubai Creek Harbour is another one-of-its-kind modern master-planned destination located along the historic Dubai Creek in the heart of the city and anchored by the new global icon, Dubai Creek Tower, and featuring Dubai Square, the retail metropolis of the future.

Emaar is also offering a choice of homes across mega-developments such as Dubai Hills Estate, a vast and serene golf course neighborhood in the heart of the city; Emaar South, a green community located near the Expo 2020 Dubai site and the Al Maktoum International Airport and Arabian Ranches, an established villa community.

For details, visit the online sales center at