DAMAC Properties” Mortgage Division announced that it has bolstered the company’s resources with AED 600 million in mortgage financing to fund hundreds of residential units across the United Arab Emirates.

Damac Properties is the only luxury real estate developer in the Middle East with an in-house division dedicated to facilitating mortgage transactions. This full-service division was established in 2014 to provide direct support to existing and new customers, The department’s role is to assess clients’ current financial situations and advise them on mortgage products that best suit their financial needs for purchasing a new property or financing their existing portfolio.

In this context, Neil McGloughlin, Senior Vice President at Damac Properties, said: “As a leading real estate developer, we take it upon ourselves to provide mortgage advisory services, with the aim of offering financing options that suit our clients’ needs.We have partnerships with all banks and mortgage service providers in the UAE for residential units, whether completed or still under construction and development, From coordinating with banks and our sales team to review bank offers on behalf of investors, to assisting them in finalizing mortgage transactions—including facilitating all mortgage-related activities and correspondence— We take pride in closing deals with our clients through this distinctive service.”