Abyaar gets financing for Acacia Avenues project

Kuwaiti developer Abyaar Real Estate Development Company has obtained Dh125 million in financing from Dubai Islamic Bank to fund its Acacia Avenues project.

The financing is based on Ijarah, a Sharia-compliant banking tool, and ends after two years when the project is completed.

Acacia Avenues is the only freehold development on offer in the Jumeirah district, and the first phase will provide a range of accommodation.