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KM Properties ties up with Amlak

Dubai, November 13, 2007

KM Properties is now offering investors and would-be home owners double the option to finance their new property purchase.

This follows the signing of an agreement with financial institution Amlak to offer mortgages for up to 85 per cent on KM Properties projects.

KM Properties already offers finance facilities through National Bank of Dubai. Both finance options are now available on KM Properties’ new launch Tamani Arts Offices development at Business Bay, and have been announced to coincide with concessions on launch prices, said an official spokesman.

“We are now offering further incentives for those investors reserving units in the first phase of public sale, and these incentives are compounded by our easy finance options, provided by our Escrow partners, NBD and Amlak,” said co-founder and executive director of KM Holding, parent company of KM Properties, Khulood Abdulla Al Rostamani.

“Working in close coordination and in conjunction with real-estate governmental authorities has without a doubt given our investors and partners an extra boost of confidence that KM Properties is one of the few leading private developers that are here to stay,” he added.

“Beside the KM Properties launch on the Tamani Arts Offices project in the Business Bay area, the financing amounts to real estate projects provided by Amlak are under few considerations,” said CEO of Amlak Aref Al Harmi.

“We do consider the ability of the property developer, its projects and its marketing capabilities, and the level of investors’ interests in their projects. Additionally, Amlak has its own technical and engineering teams to assess and evaluate the real estate projects, location and quality. As the property valuation increases, many financing companies will be more than happy to provide financing assistance to these projects,” he added.

KM Properties recently launched its latest project called Artisan Cluster in Business Bay with a property value of Dh1.3 billion ($0.35 billion), the company announced that investors who bought properties during the Cityscape exhibition already gained profits of 111 per cent capital gain. – TradeArabia News Service




Tags: Amlak | KM Properties | Mortgage |

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