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Dubai Properties launches flexible payment plan for two developments

Posted by Irish Manluctao on July 13, 2016
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The Muslim month of Ramadan is an occasion for continuous celebrations for Muslims around the Islamic world. While Muslims in the UAE join other Muslim states for an entire month of fasting, local businesses are using the occasion to provide relief to people by coming up with attractive offers. Remaining true to the Ramadan spirit, a leading Dubai-based real estate master developer Dubai Properties has announced a flexible payment plan for property purchasers in its Arabella and Serena developments.

This payment plan has made the process easier for buyers with extended payment terms, along with providing ample space to make post-handover repayments flexible.

According to the offer, a 10 percent down-payment is initially made, followed by bi-annual payments over a three-year period for 30 percent of the purchase price. And during handover, an additional 30 percent payment is made, while balance of the purchase is made during the two years after the final handover process is complete.

Available units fall within the AED 1.3 and AED 2.2 million, and a person can purchase a townhouse or a villa of their choice boasting of 2 to 5 bedrooms in total.

Dubai Properties Executive Director (Sales) Marwan Al Kindi was of the opinion that the company had been listening to the feedback its purchasers had provided over the recent months, He added that the payment plans had been devised to offer customers the “flexibility they would like when purchasing property in Arabella and Serena”.

Arabella has a wide variety of townhouses that comprise of two-, three-, four- and five-bedrooms combined with contemporary living options. Another unique aspect to the Arabella 2 Townhouses is that these have proven attractive for a wide array of buyers ranging from young professionals to families looking for modern living options.

The other development from Dubai Properties, Serena, is a Spanish-Mediterranean inspired master-planned community that covers an area of 8.2 million sq ft. The community also provides access to some of the best basic amenities that include swimming pools, gym, play areas, and a healthcare facility.

Speaking about the new financing plan, Al Kindi said, “Dubai Properties is committed to delivering developments that meet the needs of the market and tailored financing is one way we achieve this.”