TAMEER Holding, the region’s leading real estate company, has signed a Memorandum of Understanding with Dubai Islamic Bank, the leading financial institution in the UAE that provides Shari’a compliant products and services, whereby the bank will provide home finance to buyers of a number of TAMEER’s projects across Dubai.

The contract sees the cooperation between two of the UAE's leading institutions come together in a strategic partnership that will facilitate the home buying process for both individuals and investors. In accordance with the agreement, Dubai Islamic Bank will provide home finance to buyers of five of TAMEER’s current projects, namely the Princess Tower and Elite Residence both located in Dubai Marina, the Palace Towers in Dubai Silicon Oasis, the Imperial Residence located in Jumeirah Village and the Regal Tower in Business Bay. Further plans are also underway for TAMEER’s other Business Bay project, the Silver Tower to be added to the list.

Omar Ayesh, President of TAMEER Holding, said of the agreement, “We are pleased with the confidence that Dubai Islamic Bank has shown in us and in our vision for the continued development of the region’s property sector. At TAMEER, we are all about building true homes, and the support of institutions of this caliber resonates with that vision. We are proud to join hands with Dubai Islamic Bank in helping homebuyers realize their dreams.”

Omar Ayesh added, "Our alliance with the UAE's leading intermediaries, not only reflects the growing maturity of TAMEER as one of the region's most noteworthy realty company's, but it also displays the high level of confidence our organization has garnered from our industry's pears."

On the other hand, Mr. Nasser Al Awadhi - Senior Vise President, Head of Branches, DIB said, “It is with pleasure that we welcome Tameer to join our panel of approved developers. A partnership such as this holds many benefits for all involved and we look forward to enabling our mutual customers to achieve their dreams of having their own homes.”