Azizi Developments Partners with Dubai Islamic Bank to Provide Exclusive Home Buying Solution

Press release
Published April 15th, 2019 - 08:52 GMT
Mr. Farhad Azizi, CEO of Azizi Developments
Mr. Farhad Azizi, CEO of Azizi Developments
Highlights
The collaboration will present customers exclusive payment plans across all of Azizi Developments’ properties

Azizi Developments, one of the leading private developers in the UAE, is partnering with Dubai Islamic Bank, the UAE’s largest Islamic bank, to offer investors an exclusive property buying solution, called MyHome, across all of Azizi Developments’ projects.

My Home simplifies the home buying process through a heightened degree of flexibility and affordability. Customers can choose payment plan options of up to 48 months at mortgage-like rates. Those opting for payment plans of up to 6 months will pay no charges. This solution addresses all types of payments towards home buying, allowing customers to budget payments to the developer, service fees, registration fees, bank processing fees, and much more.

Designed around their home buying needs, customers are granted the power of choice with a variety of benefits across the entire spectrum of the home buying journey. MyHome addresses needs beyond home financing; it provides security for customers’ families, wealth, and health, with a wide array of benefits.

Mr Farhad Azizi, CEO of Azizi Developments, said: “In consolidation of our customer-centric approach and in celebration of our recently-announced ‘Year of Construction,’ it is our privilege to partner with Dubai Islamic Bank, an esteemed institution, to offer interested parties financial solutions that will cover our full line-up of world-class residential choices.”

Mr. Varun Sood, Chief of Home Finance, Dubai Islamic Bank commented: As the largest home finance provider in the UAE, we continue to shape the dynamic skyline of the country and provide our customers with exclusive home finance offerings and a seamless experience around our flexible and value-driven offerings.  Knowing our customers’ needs has been a key factor that helped us work successfully with our partners in the past. We are excited to expand our relationship with Azizi Developments through this unique proposition aimed at facilitating home finance ownership for the populous across the nation.” 

Mr Farhad Azizi concluded: “Azizi Developments envisions and strives to offer its customers premium, affordable properties that yield high rental returns by delivering quality projects that appeal to different lifestyles. This partnership is in line with Azizi Developments’ belief that developers owe their customers timely handovers and quality properties in the same way that financing options are best handled by banks that specialise in offering customers optimal services and platforms, granting them opportunities and facilitated, flexible payment plans that a developer’s mortgage or collection teams may not have access to.”

For more information on MyHome, visit www.azizidevelopments.com or call 800-AZIZI.

Background Information

Azizi Developments

Although the foundation stones of the present-day Azizi Group were laid in 1989, it was in 2007 when the towering presence of Azizi Developments first began to take shape. Mirwais Azizi was driven to design homes and communities inspired by modern urban living. But at the heart, it was about giving back to a city that had offered him and his family a place of peace and security. He set a vision for the future without losing sight of the past, ensuring he stays within client budgets, but goes beyond the norm to create the best possible living experience for people. Today, Azizi Developments reflects the aspirations of a wide spectrum of lifestyle seekers. This means a permanent dedication to understanding and meeting clients' aspirations, developing distinctive homes that set the standard in contemporary building design and offering an unparalleled level of customer service. It's about unlocking a new lifestyle for the curious and ambitious, setting the ideal platform to live, work and play – and building communities that bring people closer.

Dubai Islamic Bank

Since its formation in 1975 as the world’s first full-service Islamic bank, Dubai Islamic Bank has established itself as the undisputed leader in its field, setting the standards for others to follow as the trend towards Islamic banking gathers momentum in the Arab world and internationally.

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