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Tanmiyat announces new payment plan

Dubai, October 8, 2009

Tanmiyat has revealed the details of a new payment plan for all of its developments in the UAE including its flagship project 'Living Legends'.

The new plan for Tanmiyat’s customers was drafted in consultation with several investors and sales agents to ensure the viability of the schedule. All payment timelines are benchmarked against construction milestones as per the latest Rera law. In developments like Living Legends, where villa construction is ongoing and will be completed at the end of 2010, investor payments are expected to be completed over the course of the coming year.

“In May, we advised all of our customers to stop making their payments as we were going to review the schedule of payments against the construction progress. Last month, we began communicating the revised, Rera-approved payment plans to our customers,” said Dr Wan Hasni, advisor in charge of Tanmiyat.

Several investors have welcomed both the new plan and the added degree of transparency Tanmiyat has begun to introduce to the process.-TradeArabia News Service




Tags: property | real estate | Tanmiyat |

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