Exclusive Home Finance offer

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The below project are eligible for the offer:

Terms and Conditions of DAMAC Home Finance/ Handover Finance Campaign form Abu Dhabi Islamic Bank (ADIB) (“the Campaign”)

1.    The Campaign is valid from 24th November 2020 until 28th Feb 2021 (the “Campaign Period”)

2.    The Campaign is applicable to both new customers and existing customers who apply during the Campaign Period

2.    The Campaign is applicable to customers applying for a Home Finance to purchase a property from DAMAC Properties or make the final handover payment to them for a previously purchased property from DAMAC Properties

3.    The Campaign offers the following benefits to customers applying for the mentioned products during the Campaign Period:

•    Fixed profit rates for 3, 5 and 7 years starting from 1.99% per annum.
•    No processing fees for eligible customers
•    Profit rate of 1m EIBOR + 1.75% ADIB margin (minimum rate of 3.49%) after the fixed profit period

4.    All customer applications should be submitted during the Campaign Period and processed/approved by the Bank no longer than 28th February 2021 to be qualified for the benefits offered under this Campaign. The Customer has 30 calendar days after application approval to complete contract signing and other facility disbursement requirements.

5.    ADIB reserves the right to decline any customer application at its sole discretion.
6.    Contact information for customers who are interested in participating in the Campaign will be shared with Damac Properties after obtaining their prior consent.
7.    ADIB’s General Terms and Conditions, Financing Agreements (Identified Ijara), apply upon application.

8.   ADIB’s General Terms and Conditions, Financing Agreements (Identified Ijara), apply upon application