Dubai, May 28, 2006: Emaar Properties today announced their partnership with Amlak Finance, to offer buyers its latest property offering, The Beauport tower within the Marina Promenade complex at Dubai Marina. For the first time in the UAE, Amlak will be offering finance for up to 96 per cent of the property value with a 4 per cent down payment and a zero payment option until handover of the unit.
Following the successful launch of the first tower, The Paloma at Marina Promenade earlier this year, Emaar is now unveiling the second tower at Marina Promenade, The Beauport with one bedroom apartments starting from AED 733,888. With Amlak’s special financing scheme, potential buyers can own a one bedroom apartment for as low as AED 4,782 per month and two bedroom apartments for as low as AED 10,000 per month.
To learn more about this financial opportunity, potential buyers are invited to visit the Emaar Sales Centre located within Building 1 at the Emaar Business Park from 9am to 7pm from Sunday, June 4 to Friday June 30, 2006. Amlak credit and sales staff will be on hand to address any queries and to process applications for interested buyers.
With its location directly opposite the upcoming prestigious Dubai Marina Motor Yacht Club, the Marina Promenade six high end residential towers offer breathtaking views of the marina. Centered at the widest bay of the Marina where it stretches more than 300 metres, the complex will mirror the successful lifestyle that Marina Walk offers residents with an endless boulevard of multi-cuisine dining restaurants, coffee shops and retail outlets.
At Marina Promenade, each tower has a distinguished lobby design, locker storage area for tenants’ rentals, concierge facility, centralised household waste removal, on site mail service and around-the-clock maintenance and security service. The towers are connected by a common landscaped podium structure that has a central entrance leading to the parking levels and steps leading to the walkway path.
Bahiya Kayed, Emaar’s Assistant Director of Sales said: “Dubai Marina has grown to become one of Dubai’s premier lifestyle options and leisure destinations and today we are giving our buyers another opportunity to invest in premier property. This special offer from Emaar and Amlak allows more opportunities for potential buyers and offers greater flexibility. We are continually looking at ways to benefit purchasers.”
“This is yet another successful project by Emaar Properties and we are glad to provide such an attractive home finance package to potential buyers who are looking for a good investment,” said Shahli Akram, Deputy CEO, Amlak Finance.
Akram added: “Offering 96 per cent finance is great value added for our customers. We are confident that prospective home buyers will enthusiastically welcome this unique offer as ultimately this will bring them closer to their dream of owning a home of their own.”
Other incentives offered along with the 96 per cent home finance option include loan tenors of up to 25 years at 6.5% per annum. Approval of all loans is subject to Amlak’s terms and conditions and home finance approvals will be turned around in 24 hours.
Conveniently located in Dubai’s new growth corridor along Sheikh Zayed Road, Dubai Marina is only a few minutes drive away from the Internet and Media Cities, The Montgomerie Golf Course, the American University and five-star beach hotels.
The Beauport is currently under construction and it is due for completion in January 2008. More information can be found at www.emaar.com
