Tanmiyat Group and Tamweel sign a mortgage agreement
Tanmiyat Group, a leading real estate developer in the Middle East, and Tamweel, the United Arab Emirates' leading provider of real estate finance, recently signed a mortgage agreement during a private ceremony held at the Tamweel offices, in Dubai.
The mortgage facility agreement between Tanmiyat and Tamweel has been signed for the end users of Tanmiyat's Living Legends project in Dubailand, now world famous, the Living Legends Project is one of the pillar projects of the group and is being developed in the UAE as a free hold property. Other projects that Tanmiyat is developing in the UAE include the Commercial Heights in Business Bay, and the soon to be launched Ajman Marina Project. Tanmiyat has also recently launched two new projects in KSA which include Al Khalidiyah and Al Mohamadiyah, both prestigious in nature and location.
Sheikh Sulyman Bin Abdul Aziz Al Majed, Chairman, Tanmiyat Group, said: "Tanmiyat is honoured to be joining hands with Tamweel, as a strategic business development partner, for upcoming real estate development projects in the region. With its offices in Riyadh, Dubai and Istanbul, Tanmiyat is developing major real estate projects in the Kingdom of Saudi Arabia, the United Arab Emirates and Turkey." Dr. Rasim Kaan Aytogu, Executive Director, Tanmiyat Group said: "Tanmiyat, one of the giant players in real estate development and investment, is proud to cooperate with Tamweel on strategic business development for Tanmiyat's UAE-based projects. Tanmiyat Group is also in the process of developing a Shariah-compliant securitised finance product with major international financial institutions for its mega-projects in the UAE and thereby plans to extend its contributions to the economic development of KSA and the UAE by creating new and innovative development projects." Source
The mortgage facility agreement between Tanmiyat and Tamweel has been signed for the end users of Tanmiyat's Living Legends project in Dubailand, now world famous, the Living Legends Project is one of the pillar projects of the group and is being developed in the UAE as a free hold property. Other projects that Tanmiyat is developing in the UAE include the Commercial Heights in Business Bay, and the soon to be launched Ajman Marina Project. Tanmiyat has also recently launched two new projects in KSA which include Al Khalidiyah and Al Mohamadiyah, both prestigious in nature and location.
Sheikh Sulyman Bin Abdul Aziz Al Majed, Chairman, Tanmiyat Group, said: "Tanmiyat is honoured to be joining hands with Tamweel, as a strategic business development partner, for upcoming real estate development projects in the region. With its offices in Riyadh, Dubai and Istanbul, Tanmiyat is developing major real estate projects in the Kingdom of Saudi Arabia, the United Arab Emirates and Turkey." Dr. Rasim Kaan Aytogu, Executive Director, Tanmiyat Group said: "Tanmiyat, one of the giant players in real estate development and investment, is proud to cooperate with Tamweel on strategic business development for Tanmiyat's UAE-based projects. Tanmiyat Group is also in the process of developing a Shariah-compliant securitised finance product with major international financial institutions for its mega-projects in the UAE and thereby plans to extend its contributions to the economic development of KSA and the UAE by creating new and innovative development projects." Source
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