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Purchase a DAMAC property and enjoy an exclusive fixed profit rate of 1.99% per annum for 7 years!



Purchasing a property in the below listed DAMAC projects? Avail your Home Finance from ADIB to purchase a DAMAC property and enjoy an exclusive fixed rate of 1.99% per annum for 7 years! And that’s not all as you also enjoy the following additional benefits with your ADIB Home Finance :

Free partial payment for upto 30% annually

Property Takaful Protection paid by ADIB for the complete tenure

Free valuation for the listed projects

No processing fees

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The below project are eligible for the offer:

ALBIZIA@AKOYA OXYGEN
AMAZONIA @ AKOYA OXYGEN
AMAZONIA-EX@AKOYA OXYGEN
DAMAC HEIGHTS
MIMOSA @ AKOYA OXYGEN
PACIFICA @ AKOYA OXYGEN
PRIMROSE @AKOYA OXYGEN
SANCTNARY @ AKOYA OXYGEN
VARDON @ AKOYA OXYGEN
Offer valid only till 28th February, 2021

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