UAE-based Ajman Bank has signed an agreement with Meydan Sobha Group to provide home loans to villa buyers in Mohammed Bin Rashid City-District One.
Ajman Bank retail banking head and executive vice president Salem Al Shamsi said their aim is to support their customers by providing them with unique and simple home finance packages as well as the growing real estate sector by strategically identifying the market’s needs.
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"This is evident from our very attractive and highly flexible Shariah compliant home finance solutions being offered for this project with up to Dh10 million finance and profit rates as low as 4.49 per cent per annum," Al Shamsi added.
Situated in the heart of Dubai, the Mohammed Bin Rashid City-District One is a community of villas, which are set in between parks and crystal lagoons.
Meydan Sobha chief financial officer Manish Sharma said this tie-up is a reflection of the trust that leading banks like Ajman Bank and investors have bestowed in Meydan Sobha’s development.
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