Dubai Islamic Bank partners with Expo City Dubai for off-plan financing

Dubai Islamic Bank (DIB) has entered into a strategic partnership with Expo City Dubai to provide Shariah-compliant home financing for eligible buyers purchasing off-plan properties within the development.

Under the agreement, DIB can finance up to 50% of a property's value once a DIB-approved project reaches at least 35% construction completion and the buyer has paid 50% of the purchase price. During the construction period, eligible customers are required to pay only the profit amount. Full monthly installments are scheduled to begin at property handover or within 24 months of securing the finance, whichever occurs first.

The financing is available for terms of up to 25 years and is accessible to eligible UAE nationals, residents, and non-residents without requiring a salary transfer. This initiative aims to support the evolution of Expo City Dubai into a sustainable, mixed-use urban destination featuring residential, commercial, and cultural sectors.