MAG Property Development Announces Exclusive Financing Agreement with Dubai Islamic Bank

September 11, 2017

The agreement allows MAG customers to obtain flexible financing plans that are Sharia’a-compliant, with an exclusive three-day offer

MAG Property Development (MAG PD), the real estate development arm of MAG Group, has announced that it has reached an exclusive financing agreement with Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, to provide diversified home financing solutions for property buyers across the country.  

MAG PD announced the agreement at Cityscape Global 2017, which is being held at Dubai World Trade Center from 11th to 13th September. The agreement will allow MAG customers to receive exclusive Sharia’a-compliant financing plans across a number of projects being developed by the company in Dubai.

Talal Moafaq Al Gaddah, Chief Executive Officer of MAG PD, commented: “In addition to unveiling a range of exciting projects at Cityscape Global 2017, we are pleased to be offering our customers an exclusive three-day offer in collaboration with Dubai Islamic Bank. Under this agreement, the bank will provide buyers with unique financing opportunities during the exhibition, and we hope that our customers will take advantage of this exceptional opportunity.”

DIB’s representatives will be located at the MAG PD stand (SAD 20) on 11th, 12th and 13th of September to meet interested customers, respond to their inquiries, and clarify the unique benefits and exclusive financing offers they will receive when purchasing a MAG PD property. The representatives will also distribute brochures that explain the advantages of the offer.

One of the most significant benefits is that buyers will receive total exemption from processing fees if they confirm their reservation during Cityscape Global 2017. Customers will be entitled to enjoy this privilege for 30 days from the booking date at Cityscape to allow them time to sign and complete the procurement process in selected projects that are in different stages of development.

Al Gaddah concluded: “We have succeeded in reaching this exclusive agreement thanks to the high level of credibility that MAG PD has achieved by surpassing its competitors in terms of timely delivery and meticulous attention to specifications. This has helped us to continuously exceed the expectations of their customers, who will certainly find exceptional investment opportunities to buy their dream homes in Dubai. We are pleased to invite our valued customers to learn about the many benefits we can offer them.”