A new 97 percent financing plan will reportedly be offered buyers at South Ridge 3 of the Burj Dubai Downtown development by Emaar Properties and Tamweel, bringing the cost of a down payment for a one bedroom unit to only Dh39,000.
Furthermore, according to Khaleej Times, down payment for apartments within the 500-acre development will only be required after handover of the unit. Under the finance plan, a one bedroom apartment of 927 square feet at South Ridge 3 property can run for as little as Dh5,869 per month, while a two bedroom apartment starting in size from 1,095 square feet can be owned for as low as Dh9,690 per month.
The six-tower South Ridge development is adorned by traditional Islamic architecture, with the tops of towers sculpted into various planes and surfaces from which elegant ornaments rise. Similar modern Islamic design is also present throughout the development’s interior with mosaics and paving patterns featured throughout.
Strategically located nearby The Old Town and The Old Town Island, the low-rise residences offer many vintage Arabian boutiques and souks.
“Ever since its launch the South Ridge community has been a success and today together with Tamweel we are offering another opportunity for homebuyers to be part of this unique community that represents the best of urban living," said Bahiya Kayed, Assistant Director of Sales, Emaar Properties.
