Leading Sharia-compliant bank in the UAE, Noor Bank, has announced its partnership with DAMAC Properties which is one of the top luxury real estate developers in the region, presenting attractive financing choices for some selected residential units.


Picture Courtesy: www.venturesonsite.com

Under this collaboration, Noor Bank will provide preferential deals for end-user financing to the resident as well as non-resident customers. The bank has also formed a dedicated team for DAMAC’s customers, as part of the agreement, which will make sure of the highest quality of service delivery.

Pawan Dhawan, who is the Head of Home Finance at Noor Bank, says about the partnership that-With this tie up with a renowned regional developer, Noor Bank will once again develop and increase its competitive offering of home financing advice and solutions. This collaboration with DAMAC will allow UAE nationals and emigrant customers to take advantage from some of the most competitive & reasonable prices for high-end residential units in the current market. They both are confident about this bundled proposition that it will attract High Net-worth Individual customers who will benefit from this offering.

The Senior Vice President of DAMAC Properties, Niall McLoughlin, said that in UAE, investors and final customers will keep on finding the property market attractive with high long-term returns as compared to other markets. Real estate industry is one of the core pillars which represent the UAE’s economy given that a considerable extent is driven by the foreign investment.


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Through institutions like Noor Bank lessening up home finance for end-user residents and also for non-residents searching to purchase property in the UAE, a further boost in the UAE property market and the country’s economy at large can be seen, aiding the emirate to maintain foreign investor’s interest that are an indispensable catalyst for growth of this market.

Noor Bank and DAMAC finished their first joint campaign by promoting favorable home financing solutions, on 4 February at an event exclusively held at the DAMAC Hills Sales Centre in Dubai. In addition with preferential pricing, the bank also offered personalized & customized service, discounts on processing fees, and numerous other perks to the buyers of selected DAMAC luxury residential units. On the other hand, DAMAC offered a remission of up to AED50,000 on the property price, as part of the event.


Picture Courtesy: menaherald.com

The event is the first out of several which take place throughout the year, as Noor Bank and DAMAC wish to focus on the rising high-net-worth individual niche in the region through attractive home finance offers and discounts.

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