National Properties offers luxury apartments for National Bonds holders

Sale of units in the 77-storey Sulafa Tower, which is currently under construction, will be open to holders of National Bonds only from December 16 to 17 at the Sheikh Rashid Hall of Dubai International Convention & Exhibition Centre.

The year-end offer from National Bonds, the Shari'a compliant national savings scheme of the UAE, comes with a 100% financing option from Amlak, the exclusive mortgage provider for the project. Bond holders who pledge 5% of the apartment price in National Bonds can avail of this option.

National Properties, the sole broker of the freehold project is offering uniquely competitive prices. The 285-metre tower is set for completion in 2009.

Located in the Upper Marina adjacent to the Marina Walk, Sulafa Tower offers its residents a superior lifestyle that combines the best known address and the most stunning views in New Dubai with matchless comfort and luxury. Residents will have easy access to world class shopping, leisure and education facilities. Eight floors of the tower will be set aside as parking space.

The launch of Sulafa Tower follows the success of Skycourts, the freehold development from National Properties launched in 2006. Skycourts, currently under construction in Dubailand, comprises 2,300 apartments complete with all amenities for modern day city living.

Commenting on the new project, Adel Ahmad Lootah, CEO of National Properties, said that Sulafa Tower is a reaffirmation of his company's commitment to identify and secure the right locations at the right price.

"Dubai Marina is one of the most coveted addresses in New Dubai and Sulafa Tower has one of the most preferred locations in this master development.

"Another significant element of this project is that we are offering it at zero premium even though construction has already started. This is further proof of our commitment to National Bonds holders, who are our primary target audience,"

Lootah added.

Sale of units will be on first-come-first-served basis.