Emaar Properties and RAKBANK offering 95 per cent mortgage loan

Published June 18th, 2006 - 06:22 GMT
Al Bawaba
Al Bawaba

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. 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 apartments, starting at AED 729,888, for monthly installments of AED 5,848 per month, and two-bedroom apartments, priced upwards of AED 1,248,888 for installments of AED 10,007 per month.

 

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.