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Amlak Finance sells 235 freehold apartments at SkyCourts

- July 29, 2008, 9:55 am

Amlak offered attractive finance schemes at an event which took place at the Jumeirah Beach hotel on Sunday, July 27th. A total of 237,564 sq.ft was offered at 90% financing with repayment spread over 25 years for UAE residents.

This prime 235 unit complex is adjacent to ‘The Villa’, a luxurious community developed by Dubai Properties and is opposite to Academic City and Dubai Silicon Oasis with easy access to Al Ain road as well as Emirates road. Spread over a total area of around 238,000 sq.ft, apartments are available in a configuration of studio, one and two bedroom.
‘This summer has been a very busy period for us as we successfully sold three residential properties, two in Remraam and the other in Discovery Gardens, in addition to the acquisition of the prestigious landmark property at Dubai International Financial Center - Skygardens,’

said Arif Alharmi, Chief Executive Officer, Amlak Finance PJSC.

He added, ‘We offered similar competitive financing on the 128 units within the Remraam project and have seen a great demand for all the properties launched including Mogul 202 located in Discovery Gardens. This clearly reflects Dubai’s strong property market, in addition to the confidence that home owners and investors have in the real estate sector and our financing solutions in particular, such as our One Hour approval service and our recently launched Easy Start Product.’

Amlak’s recently announced a substantial growth of its half year net profit, which rose to Dhs269m from Dhs106m in the half year of 2007, an increase of nearly 155%.

SkyCourts offers a range of amenities which include a diverse spread of restaurants, retail outlets and entertainment options within close quarters. It also includes various state of the art amenities such as swimming pools, fully-equipped gymnasium, children’s play area and multipurpose room as well as mosques and supermarkets located within the vicinity.

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