Emirates Financial Towers inks a finance agreement with Amlak

This move comes in line with the accelerating progress associated with the EFT project in terms of using the most sophisticated specifications in construction, equipment, and the selection of the best possible solutions that leads to best completion, in order to provide end users with the highest quality services.

The signing ceremony was attended by Mr. Hani Abu Auida, Chief Executive Officer of EFT who signed the agreement with Mr. Arif Alharmi CEO of Amlak Finance.

As per the contractual agreement, Amlak will provide competitive finance facilities for apartments and office spaces, both for a payback period of up to 25 years.

This extremely significant move exemplifies the progress achieved on the tower, as it will create balance between the investors' needs, their potentials and the available facilities.

Commenting on this deal, Mr. Hani Abu Awaida, CEO of Emirates Financial Towers said, "As the red-hot real estate market in the UAE goes up day by day in terms of high prices and the ongoing competition in introducing innovative projects and concepts, we have to select the best solutions to keep our tower in the top echelons. We therefore joined forces with Amlak Finance to offer finance facilities and services for end users."

"Amlak Finance services will facilitate the chance for all buyers from all market sectors to own residential units in this spectacular tower, which will provide the highest world class luxury standards in DIFC. Amlak packages will offer very attractive financing rates, which combine with a conveniently long payback period, to make the dream home a reality for all who seek to own apartments or office spaces in Emirates Financial Towers," he added.

The financing of property projects is dramatically impacted by the progress in the regulatory policies that govern property ownership and investment. These policies have triggered a development in financial product offerings which is further fueling the region's real estate investment activities. Existing home finance products are continually being modified and new competitive finance products are being developed to provide financial resources for home seekers. These developments adopted by new and key players in the industry have generated more growth in the booming real estate market.

Speaking on the agreement with EFT Mr. Arif Alharmi CEO of Amlak Finance said, "Amlak Finance continually seeks property developments that are in-line with our aim to provide the best opportunities for housing to our clients, while offering tailored financial solutions for these unique developments to meet their individual requirements. Agreements such as this one with the EFT enables us to best serve our clientele. We are pleased to enter into this partnership with Emirates Financial Towers as this will serve our customers well."

"The increasing competition in the real estate market enhances the offering of all parties involved from the developer to the home finance provider. We are looking forward to building these relationships aligning ourselves with those developers, like EFT that are differentiating their property development allowing us to extend financial solutions to a wider range of the consumer base," he concluded.