Emaar pioneers Rent-to-Own financing program
Emaar Properties, a regional property development company, is launching a 'Rent-to-Own' program, offering renters the opportunity to become homeowners in the near future. Applicable to the Greens overlooking the Emirates Golf Club, it offers an opportunity to convert paid rent into an investment.
By paying rent for the stipulated period of two years, a portion of the rent paid is used towards part down payment on the property. This provides the tenant the flexibility to take a mortgage during the rental period for the remaining amount and become a homeowner in the process.
Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market. With an asset base of six billion dollars, the company has eight major real estate projects under various stages of development. The company also owns and manages the Gold and Diamond Park and will soon launch ambitious plans to build Burj Dubai - the tallest skyscraper in the world. — (menareport.com)
© 2003 Mena Report (www.menareport.com)