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Located at the prestigious Business Bay master development in Dubai, the Executive Towers comprises 10 residential towers offering 2,211 residential units, 1 office tower, 60 villas located at the plaza level and 8 boutique office villas. |
Dubai Properties, a subsidiary of Dubai Properties Group (DPG), has announced an alliance with Standard Chartered Bank (SCB) to offer ‘Easy Loan' mortgages - a funding option to prospective buyers and existing owners of residential units at the Executive Towers. As part of the ‘Easy Loan', SCB will directly evaluate the customer's property through independent surveyors and offer the finance with minimal documentation requirement from the client. In order to benefit from the Easy Loan mortgage product, customers must be resident in the UAE and should meet the minimum eligibility criteria of the bank.
Mohamed Binbrek, Group CEO, DPG, said, ‘Dubai Properties' alliance with Standard Chartered, one of the leading Mortgage Providers, is part of an endeavor to provide our clients with viable loan options. We are focused on leveraging synergies across the real estate sector and aim to continue delivering strong investment values to our customers and give them the confidence and security to invest in the real estate market."
Standard Chartered Bank's ‘Easy Loan' mortgage product offers financing of up to 40% of the property price. Customers can take advantage of the financing terms for the final payment from Dh150,000 to Dh10 million for tenure of 3 to 25 years on Dubai Properties' Executive Towers residential units. Customers also have an option of financing their land registration charges as part of the loan.
