The off-plan program

Features and Benefits

Certified by the Sharia Board in the form of Tawarruq.
Competitive Profit Margin*.
Financing period of up to 30 years.
DBR up to 70% of the total monthly income.
Takaful insurance for exemption from the remaining amount of the financing in the event of death or disability (God forbid).
The possibility of obtaining a personal finance for the down payment.
The possibility of converting cash contracts into real estate financing.

* APR starts from 6.33%.
* All the fees are subjected to 15% Value Added Tax (VAT)
For Examples of declaration tables click here

Work service for at least 6 months for private sector employees, 3 months for semi-governmental sector employees, and without a minimum service for government and military.
The minimum total monthly income is 5,000.
Terms and conditions for off-plan products apply when converting a cash contract to financing. If customer's contribution does not cover the minimum percentage of the down payment (10% for first home and 30% for non-first homes), the remaining amount of the down payment must be paid.

A copy of a valid national ID card.
A salary identification certificate not exceeding one month's issuance date, certified by the Chamber of Commerce (in case the salary is not transferred).
A Salary transfer letter (in case of salary transfer).
A bank account statement for the last 3 months showing the deposit of the salary (for the employee), or a bank account statement for the last 6 months (for self-employed).
A letter of confirmation (in case the salary in the identification certificate differs from the account statement).
Financial statements for the last two years (for self-employed).
Social insurance certificate (required in some case where entities are not listed in the bank).
A copy of the commercial registration (for self-employed).
A quotation form from the developer.
The unit diagram approved by the developer.
Unit specifications approved by the developer.