Covering The Residences, Burj Views, The Lofts, South Ridge and 8 Boulevard Walk, the financial packages offer buyers a host of payment options, with the properties featuring an array of lifestyle options, suiting a multitude of tastes.
With the latest Emaar and RAKBANK offer, potential buyers only need a 5 per cent down payment to own one-bedroom and two-bedroom apartments.
Potential buyers are invited to Emaar's Downtown Living Presentation Centre at the Burj Dubai from 9am to 7pm from June 17 to 30, 2006 to learn more about the financial opportunities available, while being able to view a scale model of the Burj Dubai Downtown area. Approval of all loans is subject to RAKBANK's terms and conditions.
The properties on offer include:
• The Residences - Built on the shores of the Burj Dubai Lake, The Residences comprises nine exclusive towers surrounded by retail outlets and recreational facilities. The Residences is urban life at its best, offering all the amenities of a metropolitan centre, but with the comforts and security of an exclusive community.
• South Ridge - South Ridge is a community of stylish apartments offering one-, two- and three-bedroom suites with panoramic windows. Two- and three-bedroom penthouses are also positioned in the top floor of the tower.
• Burj Views - Burj Views comprises three residential towers in walking distance from the vibrant Burj Dubai Boulevard, The Dubai Mall and the magical Old Town.
• The Lofts - Located on the Boulevard, The Lofts is a six-storey podium with private garden courts and air-conditioned shopping arcades. The Lofts offer a combination of high ceilings, space and subtle detail that fit perfectly into the Downtown nexus of culture and enterprise.
• 8 Boulevard Walk - Strategically located in proximity to the Burj Dubai Boulevard, 8 Boulevard Walk residences include retails shops on the ground floor, podium level amenities include a swimming pool, children's pool and fully equipped gymnasium with secure parking provided via basement and podium level parking.
Bahiya Kayed, Assistant Director of Sales, Emaar Properties said: "Burj Dubai Downtown reflects modern urban living and today we are offering potential buyers the chance to be part of this amazing lifestyle experience."
"Our earlier partnership with Emaar proved an instant success and with this second offer we look forward to embarking on more alliances that offer potential buyers the opportunity to invest in their dream home," said Murray Sims, Head of Personal Banking, RAKBANK.
Burj Dubai Downtown is a multi billion urban development in the heart of Dubai, spreading across 500-acres and combining world class commercial, residential, hotel, entertainment, shopping and leisure outlets with beautifully landscaped open green spaces dotted with lakes and numerous water features.
Surrounding Burj Dubai Downtown is the 3.5 km long, 73 metre wide Burj Dubai Boulevard, which will become a vibrant pedestrian avenue connecting parks, trees and water features and thronged with street cafes, artists, colourful stalls, traditional and modern boutiques, world restaurants and resonating with the distinctive downtown buzz found in the likes of Tribeca and Paris' Left Bank.
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Emaar ties up with RAKBANK to offer premium financial packages for Burj Dubai Downtown projects
- United Arab Emirates: Thursday, June 15 - 2006 at 15:01
- PRESS RELEASE
Emaar Properties and RAKBANK are offering a 95 per cent mortgage loan with tenors of up to 20 years for apartments within the Burj Dubai Downtown development.
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Emaar Properties, the Dubai-based Public Joint Stock Company and one of the world's largest real estate companies, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index.The company recently announced that its net profits for the first quarter ended 31 March 2006 reached AED 1.517 billion (US$413.1 million) - a significant rise on the AED 1.325 billion (US$361.0 million) for the equivalent period from the prior year. Emaar's net profits for the year ended 31 December, 2005 climbed 180 per cent, to a record AED 4.731 billion (US$1.288 billion). The figures represent a substantial increase on the AED 1.691 billion (US$460 million) for the year 2004, and reflect the significant growth the company has undergone since its inception in 1997.
Currently, Emaar has several major real estate projects under various stages of development in Dubai including Arabian Ranches, Dubai Marina, Emirates Hills, The Views, The Meadows, The Springs, The Lakes and The Greens. The company also owns and manages the Gold and Diamond Park.
Emaar has started construction on its most ambitious project to date, the AED 73 billion (US$20 billion) Burj Dubai Downtown development, which comprises the Burj Dubai - the tallest tower in the world when completed in 2008, The Dubai Mall, Burj Dubai Business Hub, The Lofts, The Old Town, The Old Town Island, Burj Dubai Boulevard, The Residences, Burj Views, man-made lakes, landscaped parks and gardens.
The company has joint ventures and projects across the region covering India, Egypt, Turkey, Morocco, Bahrain, Syria, Jordan, Pakistan, Lebanon, Tunisia and Saudi Arabia. Major international projects include: Cairo Heights and Smart Village, both in Egypt; Boulder Hills, a world-class leisure and residential community in Hyderabad, India; multiple resort projects in Morocco, including Amelkis II & III and Bahia Bay, luxury residential golfing communities; Eighth Gate project in Damascus, the city's first master planned community; and Lakeside in Istanbul, a landmark development for Turkey's cultural and commercial hub. In Saudi Arabia, Emaar is embarking on the creation of the AED 98 billion (US$26.6 billion) King Abdullah Economic City, a mixed use development covering 55 million square metres of greenfield land with a 35 km shoreline close to the port city of Jeddah.
Last year the property developer announced plans to aggressively expand the retail sector with investments of over AED 15 billion (US$4 billion) to develop approximately 100 malls in the larger emerging markets of the Middle East, North Africa (MENA) and the Indian subcontinent.
While continuing to actively pursue expansion in its core business of innovative, high quality real estate development, Emaar has diversified into related business lines to further build value for its 59,000 shareholders, which includes the Government of Dubai. Emaar owns and manages EMRILL, a joint venture with the UK-based Carillion which provides innovative property and facilities management services. Emaar also holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking and is the majority shareholder in Amlak Finance, UAE's leading Islamic home financing company.
About RAKBANK:
RAKBANK is the National Bank of Ras Al-Khaimah. It was founded in the emirate of Ras Al-Khaimah on June 15th, 1976. Over the ensuing years the bank has grown and flourished and now has a significant retail banking business throughout the UAE. The Bank continues to expand the base of its groundbreaking products and services through a young team of business innovators setting new standards in the banking industry within the region. RAKBANK...simply better!
For further information, please contact:
Kelly Home / Nivine William
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969; Fax: (+971 4) 335 6080
Grace Ghunaim
Head of Public Relations, RAKBANK
Mobile: (+971 50) 550 4671
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, June 15 - 2006 at 15:01 UAE local time (GMT+4)
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