Tamweel launches exclusive finance plan for Discovery Gardens

Tamweel will offer exclusive financing for apartments in the project's Mediterranean section, which is near completion.

This unique opportunity provides excellent value for investors and homeowners alike, who will not be required to make balance payments until the units are occupied.

Discovery Gardens, which is being developed by Nakheel, is a new community of spacious studio and 1-bedroom apartments. Capturing the rich diversity of nature and inventive landscaping, this unique community features Zen, Mediterranean, Contemporary, Cactus, Mogul and Mesoamerican courtyard gardens.

Adel Al Shirawi, Chief Executive Officer of Tamweel, said: "Discovery Gardens will help meet the growing demand in Dubai's middle-income housing segment. Such projects also offer long-term price stability and ensure a sustained return on investment. As the sole home finance provider for the Mediterranean, the first phase of this development, Tamweel is extremely pleased to help make the dream of home ownership a reality for even more residents of this fast-growing city."

He added, "We expect huge demand at the Mediterranean given its prime location, exceptionally low down payments and quality of finish. Both homeowners and investors should seize this opportunity to own a new home in the heart of new Dubai. We are confident that, with our attractive financing offer, we can provide home ownership solutions to those who aspire to such new heights in contemporary living."

Fahad Al Haidan, General Manager, Discovery Gardens, said: "Nakheel is at the forefront of building the vision of Dubai - a 21st century city that is a world-class hub for business and tourism. Discovery Gardens is a key part of this vision and one of Nakheel's leading inland residential developments. It offers excellent family-oriented apartments and facilities, set within a beautifully landscaped environment."

He added, "Located just a few minutes drive from Ibn Battuta Mall, and with easy access to developments such as Dubai Internet and Media City, The Palm Jumeirah and Jebel Ali Free Zone, the development has already received excellent feedback from the market, and is a key part of meeting the demands of the market for quality residential developments at the heart of new Dubai."