Deyaar Development has teamed up with local banks in its latest move to offer its clients more favourable financing, in some cases lending up to 90% of the property cost with repayment periods of up to 25 years.

'These strategic alliances with the UAE’s leading financial institutions demonstrate the confidence and belief that key financial institutions have in Deyaar’s ability to deliver on its commitments,' said Markus Giebel, the chief executive of Deyaar.

Customers will, subject to meeting the banks’ requirements, be able to take advantage of the loans plans for properties developed by Deyaar and have been assured of quicker approvals.

The banks involved include Noor Islamic Bank, Dubai Islamic Bank, Abu Dhabi Commercial Bank, RAK Bank and Emirates Islamic Bank.

The National