Amlak Finance partners with DLD to support real estate market
Customers can invest in properties listed by Amlak Finance via installment payment plans for a tenure of up to six years
Islamic real estate financier Amlak Finance has signed an agreement with Dubai Land Department (DLD) to enhance “investment appetite” for the Dubai real estate market while stimulating growth in the property sector.
Signed by DLD’s deputy director general HE Juma bin Humaidan and Amlak Finance CEO Arif Alharmi Albastaki, the partnership will allow Amlak Finance to sell its properties on easy instalment payment plans for a tenure of up to six years.
Amlak added that the agreement aims to open additional channels in the Dubai real estate market by facilitating real estate transactions as well as stimulating real estate transactions while encouraging prospective buyers to redirect their investments from other sectors to real estate.
Commenting on the partnership, DLD’s HE Juma bin Humaidan said: “This partnership comes in line with our approach to support all parties in the real estate market and help provide flexible options to ensure the attraction of real estate investors locally, regionally, and globally.”
He added: “Entrepreneurs can go to Dubai to live and start their businesses, especially as it has a very attractive real estate investment climate. Amlak will work in this direction, and we expect its efforts to succeed due to the packages and financing offers that it is able to provide investors, contributing to the positive momentum of the real estate market.”
Amlak Finance’s Arif Alharmi Albastaki also said they believe the new offering is not only well-suited for the market but also comes at a time when customers are looking to ease their financial burdens.
“We are certain that this new alliance with DLD will further increase investment transactions in Dubai, and we look forward to positively contributing to the future growth of the real estate sector.”