Dubai Bank has launched a new finance package specifically designed for Emiratis employed in the public sector.
The new financing solution will focus on personal planning and management of property in Dubai, with a new mortgage option likely to attract much interest.
In a statement released today (May 27th), the bank announced that it will be making mortgages available worth up to 80 per cent of Dubai property for sale.
"Our new financing solution, developed in line with our prudent risk management policies, enables UAE nationals to achieve their short and long term financial goals, while having a positive impact on the overall economy," said Mohammad Amiri, head of retail finance at Dubai Bank.
Individuals who are eligible for the mortgage solution can also sign up to the Covered Card plan, which is a free-for-life card that also offers a waiver on profit fees for the first three months.
Earlier this month, Dubai Bank proudly opened its latest branch in the emirate, with the institution taking up residence in the headquarters of the Department of Economic Development in the Dubai Mall.