Tamweel launches ‘Irad’ buy-to-let programme for residential and commercial properties in the UAE

Tamweel PJSC, the largest provider of real estate finance in the UAE, announced the launch of “Irad,” its new buy-to-let programme designed for individuals and investors who are purchasing residential or commercial property with the aim of earning long-term rental returns. This new Sharia-compliant product enables homeowners and investors to benefit from current and future rental income. “Irad,” which is Arabic for “income,” represents a unique real estate investment opportunity in this high-growth market. With Tamweel’s new buy-to-let programme, property buyers and owners can avail of finance at preferential profit rates of up to 75 per cent of the property value. The repayment tenure for these freehold and non-freehold properties is 25 years for residential and 10 years for commercial properties. Finance is for ready properties to UAE residents only.

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