The BI-ME eNewsletter
LOGIN:
Dubai Properties appoints new partners for financing options
Source: BI-ME , Author: BI-ME staff
Posted: Sun May 17, 2009 12:29 pm
www alibaba.com
Meet worldwide manufacturers, wholesalers
& importers
in Alibaba now!

UAE. Dubai Properties, a subsidiary of the government-backed Dubai Properties Group (DPG), today announced several leading financial institutions will offer exclusive funding options to prospective buyers and investors of residential or commercial units in Dubai Properties’ projects.

Although potential financing will be available for all projects, there will be a special focus on projects that are due for handover, such as 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 be on hand to meet customers at the Dubai Properties headquarters and sales centre in Dubai Internet City.

A spokesperson for Dubai Properties, 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. 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 AED3 billion 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 AED745 million freehold Mediterranean style residential community located in Dubailand.  Properties for sale at the Al Waha Villas will range from 3,944 square feet for a four-bedroom villa to 3,621 square feet for a three-bedroom villa and 1,785 square feet 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 phase one and two of The Villa development will be offered to buyers. An AED 8 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.

Dubai Properties’ 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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2010
INTERNATIONAL. The triangle pattern has taken nearly 9 months so far, and a move over US$19.50 could start a multi-month run targeting US$26-US$29 per ounce for starters before a broad pullback.
date:Posted: September 1, 2010
UAE. Given the recent developments in Saudi Arabia and India, there is now a greater level of hope that the TRA and RIM will reach an agreement about the manner in which BB Messenger services are provided.
date:Posted: September 1, 2010
UAE. GCC Telecom markets are on the verge of saturation, while prices decline due to increasing competition, resulting in telcos profits being under very high pressure.