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Dubai Properties launches flexible payment plan

Posted by Irish Manluctao on July 17, 2016
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Dubai Properties, a leading UAE-based real estate master developer and manager, has announced a flexible payment plan for purchasers of properties in its Arabella and Serena developments as part of its Ramadan celebrations.

The plan brings greater ease to buyers with extended payment terms and increased flexibility in post-handover repayments.

As per the offer,  a 10 per cent down-payment is made followed by bi-annual payments over a three-year period for 30 per cent of the purchase price; during handover, an additional 30 per cent payment is made, and balance of the purchase price is made during the two years after final handover.

Units that are available on this payment plan, range in price from Dh1.3 to Dh2.2 million ($353,848 to $598820) and include townhouses and villas of two to five bedrooms.

Marwan Al Kindi, the executive director (sales and sales operations), said: “We have listened to what our purchasers have told us over recent months and have created this payment plan for Ramadan to offer them the flexibility they would like when purchasing property in Arabella and Serena.”

Arabella offers townhouses which provide a range of contemporary lifestyle offerings.

With unit sizes ranging from 1,669 to 3,000 sq ft, Arabella 2 townhouses suit a cross-section of buyers, from young professionals to families looking for a lively residential destination with a communal feel.

Serena is a Spanish-Mediterranean inspired master-planned community spanning an area of 8.2 million sq ft. It features a variety of amenities including swimming pools, gym, play areas, and a healthcare facility making it excellent for families.

“Dubai Properties is committed to delivering developments that meet the needs of the market and tailored financing is one way we achieve this,” he added.-TradeArabia News Service