Tamweel Announces Partnership with Dubai Police
Tamweel, Dubai’s leading provider of innovative home finance products and services, has announced a unique Partnership with Dubai Police, further reflecting its commitment to the society.
As part of the Partnership, employees of Dubai Police Department would enjoy added privileges such as special pricing structure, reduced corporate profit rates and reduced documentation to make their home ownership much more convenient and flexible. On the other hand, the association will play a key role in Tamweel’s value-driven growth in the UAE market.
Commenting on the new joint venture with Dubai Police, Adel Al Shirawi, CEO of Tamweel, said: “Tamweel is well-known for its proactive attitude and our partnership with Dubai Police is just one example which also serves our objective of tying up with government departments and other reputable organizations to offer preferential pricing along with value-added services to help provide home-owner solutions to their employees.”
He added: “Within this partnership, Tamweel will offer tailor-made home-finance solutions, valid for financing of freehold properties in Dubai with developers that have been approved by us. Since Tamweel offers the widest range of approved developers amongst other home finance providers, this will further give home buyers a bigger choice from which they can choose their desired property. The proposal to Dubai Police includes preferential pricing, coupled with reduced documentation for further convenience.”
The tie-up with Dubai Police also reflects Tamweel’s commitment to the UAE nationals as it has designed its Baiti product to exclusively suit the requirements of nationals who wish to buy or build their own home.
Elaborating on other tailor-made products from Tamweel, Mr. Al Shirawi said: “Tamweel has a range of products which have played a pivotal role in the development of the UAE real estate market. One of our unique products – Yusr –the new Adjustable Repayment Mortgage option offers a range of personalized services which could also be availed by the Dubai Police personnel. “It is the first-ever Sharia compliant adjustable repayment mortgage. The main advantage of availing Yusr Finance is the lower monthly installment accruing from the lower profit rate during the initial years, which will allow home buyers to either buy a bigger house for the same installment or buy today what they can afford tomorrow.”
He added: “With its customised services, diverse product range and competitive pricing to the police personnel, I am confident that the partnership will help offer a comprehensive home-owner solution to the Dubai Police employees.”