Dubai Properties and Amlak offer 100 per cent financing for purchase of apartments in Business Bay

The initiative, launched as part of Dubai Properties' customer-first policy, makes it the first master developer in the region to offer a zero down payment mortgage facility.

The unique offer allows customers to obtain a loan for the full cost of purchasing studio, 1 bedroom and 2 bedroom apartments in Tower B of Dubai Properties' Executive Towers Business Bay development. The ground breaking financing option will be made available to UAE nationals and UAE residents only. Loan repayments will span a maximum period of 25 years based on the eligibility criteria.

Hashim Al Dabal, CEO of Dubai Properties said: "Dubai Properties aims to be at the forefront of innovation and customer service, by providing value-added and economical services to its customers.

"We are proud to join Amlak in offering clients the opportunity to purchase apartments in one of our premium towers in Business Bay, through the most innovative mortgage product available in the market."

Depending on the type of apartment purchased, buyers participating in the special offer will also benefit from furniture allowances of at least AED 22,000 from Amlak Finance.

The Executive Towers are the first phase that has been launched in the multi-billion dollar Business Bay development, one of the region's most ambitious real estate projects to date. It will include 11 residential towers, one luxury hotel tower, a two-level shopping mall, clinics and health clubs. Offering luxury living with waterfront views of the Dubai Creek, the project is scheduled to be completed in 2007.