Global Real Estate Development Company (GREDC), a fully owned subsidiary of Dubai Islamic Bank (DIB), has opened its new residential property, Al-Seef Tower for bookings, stated a press release.
The development, which comprises luxury two and three bedroom apartments, is located at Dubai Marina and overlooks the Emirates Golf Course and the Palm Island project. “We have long-term finance programs available through the Bank and will finance up to 80 percent of the property value, over 15 years with a competitive profit rate,” said General Manager of DIB, Butti Khalifa Bin Darwish.
Global Real Estate Development was established in 2002 as a fully owned subsidiary of DIB to cater to the bank’s expansion in the real estate sector.
The company provides various products and services, such as Murabaha Financing for buying and selling buildings, technical marketing and engineering consultancy. The company also offers integrated services, which include property assessment and mediation. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
