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DP investors to be offered special funding

Dubai, May 18, 2009

Dubai Properties (DP), a subsidiary of Dubai Properties Group, has announced that several leading financial institutions will offer exclusive funding options to prospective buyers and investors in its real estate units.

Although potential financing will be available for all projects, there will be a special focus on projects that are due for handover, the Executive Towers, Al Waha Villas and The Villa Phase 1 & 2.

Representatives from Abu Dhabi Commercial Bank, Dubai Islamic Bank, Emirates NBD, Mashreq Bank and National Bank of Ras Al Khaimah (Rak Bank) will meet customers at the DP headquarters – sales centre in Dubai Internet City.

An official spokesperson for DP said: “In our commitment to offer our clients top scale properties and services, we have invited leading financial institutions to the sales centre at the Dubai Properties’ headquarters to meet and explain the modalities of financing.

“The banks will seek to streamline the financing options for our current and potential clients. This is also part of our endeavour to ensure our buyers and investors receive customized, timely and accurate propositions.”

“Our developments have generated substantial interest from regional and international investors as well as Dubai residents,” the spokesperson added.

“At the same time, our exclusive freehold projects cater to residents looking for an inspirational lifestyle at convenient localities.

“We are very pleased to offer these properties to our investors and look forward to developing other enchanting residential communities around Dubai.”

The prestigious Dh3 billion ($817 million) Executive Towers master development comprises 11 towers offering 2,211 residential units, including studios, loft apartments, 4-bedroom terrace apartments, garden apartments, and 1, 2, 3, and 4-bedroom apartments.

The development also includes 60 villas located at the plaza level, eight boutique office villas and a three-level podium that provides parking bays for 4,500 vehicles.

Al Waha Villas is a Dh745 million freehold Mediterranean style residential community located in Dubailand.  Properties for sale at the Al Waha Villas will range from 3,944 sq ft for a four-bedroom villa to 3,621 sq ft for a three-bedroom villa and 1,785 sq ft for a two-bedroom villa.

All properties will include one or two parking spaces, balconies, and terraces. The project consists of a total of 260 Mediterranean style townhouses within a luxurious enclave and lush landscape.

As part of the special offer, select units from phase1 and 2 of The Villa development will be offered to buyers. An Dh8 billion freehold development located in Dubailand, The Villa is an enchanting residential retreat, inspired by generous spaces for outdoor living and the tranquility of Spanish style courtyard housing.

DP’s projects represent a diverse spectrum of residential, commercial and mixed-use developments including Business Bay, The Villa, Jumeirah Beach Residence, Al Waha Villas, The Villa and Culture Village. – TradeArabia News Service




Tags: Dubai Properties | villa | Funding | Executive tower | Al Waha |

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