• HSBC

Chapal supports property buyers with payment relaxation

  • United Arab Emirates: Tuesday, February 10 - 2009 at 16:31
  • PRESS RELEASE

Chapal, one of the freehold property developers in Dubai and Northern Emirates, announced up to one year extension in payment schedules for payments by property buyers in the company's freehold projects in Dubai and Ajman.

Ahmed Chapal, Executive Director, Chapal, said:
"Chapal's commitment and care for the community is at the for-front of our policy decision making. Noting the prolonged effect of current economic down turn on end user, we felt that there was a genuine need to support apartment and villa buyers in our projects."


The one year extension in payment schedules will benefit thousands of investors and property end users who booked apartments and villas in Chapal's freehold projects in Dubai Sport City, Jumeirah Village Dubai, Emirates City Ajman, Emirates Lakes Towers (Ajman) and Chapal Flora Residences (Ajman). Ahmed Chapal added that "payment terms relaxation are also being reviewed to support buyers of plots in our master development in Ajman."
 
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Notes and Media Contacts »

About Chapal:

Chapal believes that success is achieved by listening to and meeting client's needs in all aspects of Real Estate both project schedule and investor sensitive.

For more than 40 years, Chapal has developed building concepts of superior and lasting integrity and carefully managed their implementation. In doing so, Chapal has created a most sought after signature style applauded by highly discerning consumers.

An important priority for the company is to push the boundaries of modern architectural design, to create projects that will sustain as iconic landmarks. Structures that cover the spectrum from exclusive residential properties to dynamic commercial buildings, across Dubai and the Northern Emirates.

A Dhs20bn company, Chapal operates within the most lucrative property market in the UAE as well as maintaining close ties with its global network of offices and registered representatives located in London, Singapore, Karachi, India, Saudi Arabis and Toronto.

For more information on Chapal project please contact:

Regina Bauzaite
Marketing & Sales Manager
JP Risal
Tel: +971 4 423 0800, Ext.: 103
Fax: +971 4 423 0801

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