Emirates Islamic Partners with GJ Properties for The Biltmore Residences Dubai

Real Estate

Emirates Islamic Partners with GJ Properties for The Biltmore Residences Dubai

Collaboration highlights commitment to secure project financing and transparency in UAE’s luxury real estate sector

Emirates Islamic, one of the UAE’s leading Islamic financial institutions, has announced a strategic partnership with GJ Properties to provide project financing and escrow services for The Biltmore Residences – Al Sufouh in Dubai. Inspired by the iconic Biltmore Hotel in Los Angeles, this luxury residential tower is set to become a landmark address in the city.

Through its escrow services, Emirates Islamic will ensure secure and transparent financial transactions, regulating cash flows in line with the project’s construction milestones. Supported by the bank’s advanced digital banking solutions, this partnership will strengthen investor confidence and streamline financing processes, reinforcing Dubai’s growing reputation as a global luxury real estate hub.

Ali Ghaleb Jaber, CEO of GJ Properties, said:
“We extend our sincere appreciation to Emirates Islamic for their unwavering support and exceptional partnership. Their responsiveness, belief in our vision, and commitment to excellence have been instrumental in the success of our projects. Emirates Islamic is more than a financial institution; they are a trusted strategic partner contributing to the UAE’s economic landscape.”

He added that GJ Properties looks forward to expanding this collaboration into future projects, aiming to deliver greater value and innovation in real estate and hospitality.

Mohammad Kamran Wajid, Deputy CEO at Emirates Islamic, said:
“We are proud to partner with GJ Properties to provide secure escrow account services and project financing for The Biltmore Residences. This ensures transparent account management and timely allocation of funds at key milestones, enhancing investor trust and efficiency. Emirates Islamic remains committed to supporting the UAE’s thriving real estate sector with customer-centric, Shari’ah-compliant financial solutions.”

Located in Al Sufouh, The Biltmore Residences will rise 44 stories and feature 448 residential units, including one- and two-bedroom apartments, along with a premium penthouse. The development promises panoramic views of the Arabian Gulf and Burj Al Arab, paired with world-class amenities. Currently more than 70% complete, the project is scheduled for handover in early 2026.

Expanding its footprint from Ajman to Dubai, GJ Properties is bringing the distinguished Biltmore brand to the heart of the city, offering elite investors and residents an unparalleled blend of luxury living and investment potential.