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Omniyat may restructure its payment plans
- United Arab Emirates: Tuesday, November 25 - 2008 at 08:25
Dubai-based developer Omniyat Properties plans to restructure its payment plans to boost sales and says that all of its Dhs21bn of projects are either are under construction or awaiting launch, reported Gulf News. Mehdi Amjad, executive chairman and president of Omniyat, said the split between the company's projects, both under construction and those not yet launched was about 50-50. With mortgages harder for buyers to obtain, the company may launch new payment plans under which 50% was due during the construction phase and 50% on completion of the project, he added.
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Jeff Florian, Senior ReporterTuesday, November 25 - 2008 at 08:25 UAE local time (GMT+4)
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