Cayan forges stronger links with Amlak Finance

Published October 2nd, 2007 - 03:37 GMT

Leading property developer Cayan Investment & Development has forged stronger links with Amlak Finance, the largest publicly listed Islamic finance company and pioneer of home finance in the UAE, to provide competitive financing offerings for its customers.

 

Amlak Finance has agreed to provide up to 90 per cent financing on Cayan’s two latest projects, SilvereneTowers and the Cayan Business Centre, as well as continue to provide the existing funding options for other Cayan projects.

 

Silverene Towers is Cayan’s fifth luxury development at Dubai Marina - at one of the best locations in the marina, being within easy walking distance of the MarinaMall, yacht club and Al Majara Community.

 

Cayan Business Centre is a freehold commercial tower in TECOM on Sheikh Zayed Road opposite Internet and Media City.

 

Cayan chairman Ahmed Al Hatti says Amlak Finance and Cayan will be announcing some special offers in the near future in respect of the new properties. “We have always enjoyed working with Amlak Finance but today’s announcement marks the beginning of a stronger relationship with them.”

 

"Establishing relationships with developers with a strong vision of what consumers are looking for in the UAE is a central pillar of our mission and vision," commented Arif Alharmi, CEO, Amlak Finance. "I am confident that we can work together to offer attractive financing options on Cayan’s projects."

Mr Alharmi said they were proud to be supporting Cayan as one of Dubai’s leading property developers.

 

Meanwhile Cayan reports that work is on schedule at The Jewels, DorraBay at the Marina and the Cayan Business Centre in TECOM.