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Friday, November 13 - 2009

Cayan and Amlak announce exclusive home finance opportunity for Infinity residents

  • United Arab Emirates: Thursday, April 06 - 2006 at 11:05
  • PRESS RELEASE

Cayan, one of Dubai's leading real estate developers has announced a lucrative new home finance offer for residents of its luxury tower, Infinity.

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  • Ahmed Al Hatti, Chairman of Cayan and Mohamed Al Hashimi, CEO and Managing Director of Amlak Finance.
    Ahmed Al Hatti, Chairman of Cayan and Mohamed Al Hashimi, CEO and Managing Director of Amlak Finance.
The home finance deal which has been arranged in partnership with Amlak Finance will offer one of the most attractive mortgage deals in the UAE with previously unattainable benefits.

The new offer will provide clients of Infinity with 90% financing, meaning that only a 10 % deposit is required, providing customers with greater flexibility and fluidity. In addition the financing period is one of the longest available in the region, offering 25 years during which the loan can be repaid.

Repayments on the home finance will only begin when the tower is completed and keys handed over to the owner, reiterating Cayan's commitment to providing its clients with the best real estate opportunities in the region.

Ahmed Al Hatti, Chairman of Cayan commented, "We are delighted to be associated with Amlak Finance, and to be able to offer our clients this exclusive and competitive home finance offer. Financing is a crucial issue for people buying in Dubai and we wanted to offer our customers the most in terms of flexibility. This finance package will enable our customers to purchase an apartment without an excessive capital outlay. Cayan's ethos is to provide a superior service facilitating choices for our clients and this mortgage deal is in line with this strategy."

Mohamed Al Hashimi, CEO and Managing Director of Amlak Finance commented, "This home finance offer is exclusive to Infinity homeowners and it is one of the most attractive real estate financing deals in the UAE right now. An innovative product offering, the finance requires a minimum deposit affording individuals more flexibility and the chance to own their own home.

'In addition the repayment term being offered is up to 25 years, meaning home owners have more choice in terms of how and when they want to repay their home finance. We are confident that this offer will encourage more people to purchase their dream home at Infinity." Al Hashimi added, "We are happy to be partnering with Cayan once again following our previous and successful financing partnership for another of Cayan's projects, The Jewels on Dubai Marina."

Infinity Tower, which will stand 80 stories high, is anticipated to be a dominant feature on Dubai Marina's landscape. Towering above its neighbour's, Infinity at 330 meters will be distinct not only for its height but primarily for its architectural prowess - it will be the world's tallest tower to feature a 90 degree twist, a masterpiece of contemporary style and spiraling design.
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Notes and media contacts

In a bid to cope with the anticipated demand Amlak has established a dedicated team to deal with all enquiries regarding the mortgage offer. For further information the Amlak team will be available on Sunday 9th and Monday 10th April from 10am to 6pm at Cayan's office - to meet with clients interested in availing of this offer.

About Cayan:
Cayan is set to become one of the world's leading real estate developers, with a mission to challenge the world of architecture, luxury and exclusivity and create world class developments. INFINITY, the world's first luxury twisting tower with panoramic views of the blue Arabian sea and the eighth wonder of the world (The Palm), is Cayan's latest vision.

Cayan projects cover the spectrum from exclusive residential property to commercial projects. Cayan's portfolio of projects on Dubai Marina include: La Residencia Del Mar, The Jewels and Infinity. The company handles every aspect of corporate activities including sourcing the right location and land for investment; developing the project concept; financial modeling; project management; stakeholder management (including consultants, architects and contractors); shareholder management and successful project execution.

About Palma Real Estate:
Palma Real estate is a leading property company based in Dubai. Its services include brokerage, investment advisory, property development, feasibility studies, project management, interior design and landscaping consulting.

Core strengths are its knowledge of the international property market, its established relationships with investors and clients world wide, and its team of real estate professionals.

Palma Real Estate's expertise, knowledge and dedication have been key to the company's growth and success. Its professional team includes experienced real estate brokers, development consultants, management consultants, project managers and world renowned architects.

Since freehold property was introduced to the UAE in 2002 the company has sold over one billion dirhams worth of property in Dubai. Palma Real Estate is committed to maintaining its leadership in the real estate market in Dubai and the region.


For more information please contact:

Elizabeth Cowie/Claire Liddell G2 PR Department Tel: 04 3310331
Fax: 04 3310553

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