Amlak Finance, a leading specialised Islamic real estate financier, has announced a strategic partnership with Dubai Land Department (DLD) under which it will be selling its properties on easy instalment payment plans.
This strategic cooperation aims at allowing customers to invest in ready and well-maintained properties listed by Amlak Finance via easy instalment payment plans for a tenure of up to six years, said the company in a statement.
The agreement aims to open additional channels in the Dubai real estate market by facilitating real estate transactions and encouraging investment in the market as well as stimulating real estate transactions while encouraging prospective buyers to redirect their investments from other sectors to real estate.
Furthermore, in line with Amlak’s mission to create an innovative and sustainable real estate environment, this partnership has been implemented with a motivation to provide customers with the highest levels of convenience, simplicity, and efficiency, it stated.
"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," remarked Juma bin Humaidan, the deputy director general of DLD, after signing the deal with Arif Alharmi Albastaki, CEO of Amlak Finance.
"Dubai was and will always be a dream for many people to live in for its stature as a city of creativity, progress and development, and advanced infrastructure. Entrepreneurs can go to Dubai to live and start their businesses, especially as it has a very attractive real estate investment climate," he noted.
"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," he added.
On the partnership, Albastaki said it is a testament to Amlak Finance’s core business values and strategy.
"At Amlak, we are continually enhancing products and services we offer our customers in line with current demands. We believe this 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," remarked Albastaki.
"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," he added.-TradeArabia News Service