Sharjah-based real estate developer, has announced a partnership with Dubai
Islamic Bank, DIB, to streamline the home ownership process for buyers of Arada
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.
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."
financing partnership with DIB will allow property buyers to access highly
competitive mortgage rates and exclusive flexible payment plans, as well as
rapid and easy processing without the need for a salary transfer. In addition,
the lender is also opening a kiosk at the Arada sales centre in Sharjah and has
appointed a dedicated relationship manager to handle queries from buyers.
started handing over its first-ever units in Nasma Residences, scheduled for
completion by the end of the second quarter of 2020. Aljada, a master-planned
destination with a sales value of AED24 billion, was unveiled by H.H. Dr.
Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of
Sharjah, in September 2017. Construction on Aljada is underway, with the first
homes scheduled to be handed over in the first quarter of 2020.
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