Falak Hyat (November 18, 2013)
Noor Islamic Bank has started out with an appealing, Shariah- compliant off -plan property offer for non- UAE residents from the region. The choice for off- plan property investment is also available to investors looking to build a home in UAE or customers who are looking for a profitable real estate investment for the future.
The customers are provided with property financing facility by issuing loan at a profit rate of 5.75 percent for buying as well as buying out off- plan and finished properties. The residents of the GCC and G- 20 countries can have finance for as much as 65 percent of the worth of finished properties and 50 percent on off- plan properties.
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