Dubai\u2019s luxury real estate market continues to surge. July 2025 alone saw more than 20,300 property sales worth Dh65 billion<\/p>\n\n\n\n
Emirates Islamic has entered into a strategic partnership with GJ Properties to provide project financing and escrow account services for The Biltmore Residences \u2013 Al Sufouh, a luxury development inspired by the iconic Biltmore Hotel in Los Angeles.<\/p>\n\n\n\n
The agreement underscores the bank\u2019s commitment to supporting Dubai\u2019s thriving real estate sector through innovative financial solutions and secure, regulated systems that enhance investor confidence. Under the partnership, Emirates Islamic will oversee transparent escrow management, ensuring funds are released in line with construction milestones and reinforcing trust among international and elite buyers.<\/p>\n\n\n\n
Ali Ghaleb Jaber, CEO of GJ Properties, said the collaboration marks an important step in the company\u2019s expansion into Dubai\u2019s premium real estate segment. \u201cEmirates Islamic has been more than a financial institution, they have been a trusted strategic partner in our journey of growth and development. Their responsiveness and commitment to excellence have played an instrumental role in the success of our projects across the UAE,\u201d he said.<\/p>\n\n\n\n
Mohammad Kamran Wajid, deputy CEO of Emirates Islamic, said the partnership reflects the bank\u2019s proactive role in supporting the UAE\u2019s property sector. \u201cWe are proud to provide secure and transparent escrow account services and project financing for the upcoming Biltmore Residence. This will help enhance investor confidence and promote efficiency across diverse projects and transactions,\u201d he said.<\/p>\n\n\n\n
The Biltmore Residences Al Sufouh is a 44-storey tower featuring 448 units, ranging from one- and two-bedroom apartments to a penthouse. Offering panoramic views of the Arabian Gulf and Burj Al Arab, the project blends luxury living with promising returns. Currently over 70 per cent complete, the development is expected to be handed over by early 2026.<\/p>\n\n\n\n
The tie-up comes as Dubai\u2019s luxury real estate market continues to surge. July 2025 alone saw more than 20,300 property sales worth Dh65 billion, up nearly 30 per cent year-on-year. Sales of homes priced above $10 million reached $2.6 billion in the second quarter, while prime villa values have almost doubled over the past four years. Analysts forecast the UAE\u2019s luxury residential real estate market will hit $45 billion this year, with Dubai accounting for nearly two-thirds of that total. <\/p>\n\n\n\n
Source: Khaleej Times<\/strong><\/p>\n\n\n\n Published: 16 September 2025<\/strong><\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Dubai\u2019s luxury real estate market continues to surge. July 2025 alone saw more than 20,300 property sales worth Dh65 billion Emirates Islamic has entered into a strategic partnership with GJ Properties to provide project financing and escrow account services for The Biltmore Residences \u2013 Al Sufouh, a luxury development inspired by the iconic Biltmore Hotel […]<\/p>","protected":false},"author":7,"featured_media":31931,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[401,752,4489,4488,4487],"class_list":["post-31930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-dubai-investment-opportunities","tag-dubai-real-estate-projects","tag-emirates-islamic-dubai","tag-gj-properties-partnership","tag-uae-property-development"],"_links":{"self":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts\/31930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/comments?post=31930"}],"version-history":[{"count":1,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts\/31930\/revisions"}],"predecessor-version":[{"id":31932,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/posts\/31930\/revisions\/31932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/media\/31931"}],"wp:attachment":[{"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/media?parent=31930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/categories?post=31930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/elite-bricks.com\/ar\/wp-json\/wp\/v2\/tags?post=31930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}