Emirates Islamic, GJ Properties Partner on The Biltmore Residences Dubai

Dubai, UAE - September 16, 2025 - Emirates Islamic, one of the UAE’s leading Islamic financial institutions, has entered into a strategic partnership with GJ Properties to provide project financing and escrow services for The Biltmore Residences – Al Sufouh, a premium luxury residential development inspired by the iconic Biltmore Hotel in Los Angeles.

This collaboration will ensure secure and transparent financial transactions by regulating cash flows in alignment with the project’s construction timeline. The partnership reflects the growing role of advanced, regulated financial systems in Dubai’s luxury real estate market, particularly for elite and international investors. Supported by Emirates Islamic’s cutting-edge digital banking solutions, the escrow services aim to enhance investor confidence, streamline project financing, and reinforce Dubai’s position as a leading global hub for luxury real estate.

Mr. Ali Ghaleb Jaber, CEO of GJ Properties, expressed his appreciation for the partnership:

“We extend our sincere appreciation to Emirates Islamic for their unwavering support and exceptional partnership. I can confidently say that Emirates Islamic has been more than a financial institution — they have been a trusted strategic partner in our journey of growth and development.”

He continued,

“Their belief in our vision, their responsiveness, and commitment to excellence have played an instrumental role in the success of our projects across the UAE. Emirates Islamic’s forward-thinking approach and innovative financial solutions reflect the caliber of a truly leading financial institution, one that is dedicated to empowering businesses and contributing to the country’s economic landscape.”

Mr. Jaber emphasized that this partnership will continue to grow, driving greater value and innovation in both real estate and hospitality.

Mohammad Kamran Wajid, Deputy CEO at Emirates Islamic, said:

“Emirates Islamic is proud to announce the new partnership with GJ Properties to provide secure and transparent escrow account services and project financing for the upcoming Biltmore Residence. This partnership will ensure proper account management and allocation of funds at construction milestones, which will ultimately enhance investor confidence and promote efficiency across diverse projects and transactions.”

He added,

“Emirates Islamic has consistently played an active role in supporting the growth and development of the real estate sector in the UAE. The bank will continue to deliver customer-centric financial products, aligning with our vision to be the most innovative Shari’ah-compliant bank for our customers, people, and communities.”

Luxury Living at The Biltmore Residences Al Sufouh

Expanding on its successful developments in Ajman, GJ Properties launched The Biltmore Residences Al Sufouh in Dubai, bringing the prestigious Biltmore brand to one of the city’s most desirable locations. The 44-story tower features 448 luxury units, including one- and two-bedroom apartments as well as a signature penthouse.

Set to redefine upscale urban living, the development offers panoramic views of Dubai’s most iconic landmarks, including the Arabian Gulf and Burj Al Arab. World-class amenities and modern finishes are central to the design, ensuring a premium lifestyle for residents.

Currently, construction is over 70% complete, with the project scheduled for handover by early 2026.

With its prime location, exceptional design, and luxury branding, The Biltmore Residences Al Sufouh represents a compelling investment opportunity, appealing to elite buyers and residents seeking both exclusivity and high returns in Dubai’s thriving real estate market.