Dubai Islamic Bank (DIB) has announced that it is offering mortgage finance with a 90 per cent loan-to-value (LTV) rate for those looking to buy property for sale in Dubai and elsewhere in the UAE.
The bank announced that 25-year deals can be obtained for both existing property for sale in Dubai and off-plan purchases for real estate currently under construction.
Dr Adnan Chilwan, chief of retail and business banking at DIB, said that homebuyers are in search of accessible, simple finance solutions to get on to the Dubai property ladder quickly.
"At DIB, customers are our top priority and we are pleased to open new doors for them by offering up to 90 per cent finance for their dream homes," he said.
Dr Chilwan added that buying a home in the UAE provides a great sense of security and the bank encourages people to take advantage of this opportunity.
The bank has also this month announced the launch of new auto finance deals available for up to 72 months.