EMAAR offers innovative 0 per cent down payment Ramadan offer

The special offer begins today and will be open until the end of Ramadan.

Following the resounding success of the company's similar scheme, which ran for a limited period during August this year for the sale of apartments at The Greens and waterfront villas at The Springs, the current offer applies to all existing EMAAR projects during Ramadan. Customers wishing to avail of this unique scheme can visit the company's Sales Centres at Dubai Marina & The Lakes, which are open seven days a week, from 10 am - 8 pm.

Under this special Ramadan offer, UAE & GCC national and expatriate investors will be able to choose a home in any of EMAAR's premier real-estate projects, without making the mandatory 10 per cent upfront payment. The company will accept post-dated cheques during the period. The projects include the exclusive communities of Emirates Hills, Dubai Marina, The Meadows, The Springs and The Greens.

Mr. Mansour Al Othaimin, Corporate Director, Sales & Marketing, EMAAR Properties, said that the company's innovative offer was in keeping with the spirit of the Holy Month of Ramadan and is part of its mission of offering modern & luxurious homes with friendly and flexible payment options.

"Our decision to introduce the zero payment offer once again is based on the extremely positive feedback we received from investors who availed of our earlier offer during the summer. Investing in a home is a big responsibility and investors need time to make the necessary financial arrangements to support this investment. With this offer, we are trying to make the investment experience as flexible and friendly as possible for our customers," he added.

Mr. Al Othaimin also said the company has dedicated sales staff at its various sales centres allowing investors easy and convenient access to the project details they are interested in.

This offer will further supplement the attractive home finance schemes currently being offered to investors in EMAAR projects by premier financial institutions in the UAE including AMLAK Finance & Dubai Islamic Bank.

The Springs, a waterfront villa community located next to The Meadows, has set a new benchmark in pricing for residential property in Dubai. Villas at The Springs will be available from an attractive AED 448,888 for a 3-bedroom villa. In addition, prices for a 4-bedroom villa start at an unbeatable AED 628,888.

The Greens apartment project has met with a huge investor response and marks EMAAR's entry into a more affordable housing segment and consists of studio, one, two and three bedroom apartments. Prices for apartments at The Greens, next to the Emirates Golf Club, start upwards of AED 188,888 for a studio apartment.

While The Springs project is slated for completion within a period of 18 months, apartments at The Greens will be ready for occupancy starting the first quarter of next year.

The Meadows is a gated villa project next to the Emirates Hills and meets the needs of customers seeking a luxurious lifestyle environment with a range of amenities and facilities to match. The latest release of The Meadows was launched earlier this month and follows the resounding success of the first phase of the development, which saw a record number of villas snapped up in quick time.

The Al Sahab towers, the most recent release of EMAAR's ambitious Dubai Marina project, offers one, two, three bedroom and penthouse apartment suites priced upwards of AED 484,800. The towers offer unparalleled views of the Arabian Gulf, world-class golf courses and vistas of the new growth corridor across the Jumeirah area. Construction of the towers commenced in July this year.

Emirates Hills, the flagship brand of EMAAR, is a gated golfing community in which investors can buy villa plots to build exclusive homes based on design guidelines provided by the company. This exclusive project is built around The Montgomerie, a signature golf course designed in consultation with world-renowned golfer, Colin Montgomerie.

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