WAM: Arada joins with Dubai Islamic Bank to provide home financing solutions

04 August 2019

The UAE’s state news agency covers our tie-up

Arada, a Sharjah-based real estate developer, has announced a partnership with Dubai Islamic Bank, DIB, to streamline the home ownership process for buyers of Arada properties.

The company confirmed that it has sold over 4,000 units in its two projects, Aljada and Nasma Residences, in the past two years.

"So far, 2019 has resulted in our two best sales months, which we have achieved by improving the integration of teams within Arada, and also the desirable investment products that we have recently released to the market," noted Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada.

"This new partnership with the DIB represents yet another way in which we are making every effort to make the lives of our buyers easier and more efficient. We look forward to working closely with our partners, as we accelerate the delivery process for our homes," he added.

Further, Varun Sood, Chief of Home Finance at the DIB, said, "As one of the most experienced and capable Sharia-compliant lenders in the region, we have considerable expertise when it comes to providing transparent and efficient home financing solutions. We look forward to ensuring that Arada property buyers can benefit from our proficiency in this area, as they prepare to move into their new homes."

 

Read the full article here.