Top real estate developer, Dubai Properties, announced a flexible payment plan for buyers of properties in Arabella and Serena developments, as part of the company’s Ramadan celebrations, Trade Arabia reported.
The plan will bring an ease to buyers through extended payment terms and flexibility in post-handover repayments.
Following a 10 percent down payment, there are bi-annual payments over a three-year period for 30 percent of the purchase price. Upon the handover, an additional 30 percent payment is made, while balance of the purchase price is made during the two years after following handover.
For this payment plan, prices range from AED 1.3 – 2.2 million ($ 353,848 – $ 598,820) including townhouses and villas of 2 – 5 bedrooms.
“We have listened to what our purchasers have told us over recent months and have created this payment plan for Ramadan to offer them the flexibility they would like when purchasing property in Arabella and Serena,” Executive Director, Marwan Al Kindi said.
Arabella 2 townhouses range from 155 square meters to 279 square meters which suit a variety of buyers, such as young professionals and families looking for a lively residential destination with a communal feel.
Serena, however, is a Spanish inspired community spreading over an area of 761,805 square meters, which features a variety of amenities including swimming pools, gym, play areas, and a healthcare facility.
“Dubai Properties is committed to delivering developments that meet the needs of the market and tailored financing is one way we achieve this,” Al Kindi added.