Emirates Islamic Partners with GJ Properties for The Biltmore Residences Dubai Project
Saturday, 20 September 2025
Emirates Islamic has joined forces with GJ Properties to provide project financing and escrow account services for The Biltmore Residences – Al Sufouh, a 44-storey luxury tower. The partnership strengthens investor confidence and supports Dubai’s thriving premium real estate sector, reflecting the bank’s commitment to secure, transparent financial solutions.
Key Highlights:
- Strategic Partnership: Emirates Islamic provides project financing and escrow management for The Biltmore Residences – Al Sufouh.
- Luxury Development: 44-storey tower with 448 units, including one- and two-bedroom apartments and a penthouse.
- Prime Location & Views: Panoramic views of the Arabian Gulf and Burj Al Arab; blend of luxury living and promising returns.
- Project Status: Over 70% complete; expected handover by early 2026.
- Developer’s Comment: Ali Ghaleb Jaber, CEO of GJ Properties, highlights Emirates Islamic as a trusted strategic partner supporting growth in Dubai’s premium market.
- Bank’s Perspective: Mohammad Kamran Wajid, Deputy CEO of Emirates Islamic, emphasizes secure, transparent escrow services to enhance investor confidence.
- Market Context: Dubai’s luxury real estate market is surging, with July 2025 recording 20,300 property sales worth Dh65 billion and analysts forecasting $45 billion in luxury residential sales across the UAE in 2025.
