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Officials have announced that UAE-based home finance companies, Amlak Finance and Tamweel Home Finance, will provide mortgage finance for buyers of apartments at The Jewels. The twin tower residential complex in Dubai Marina is 70 percent sold out and is being developed by Jade Investment & Development. Tamweel and Amlak have agreed to finance up to 70% of the amount at fixed and flexible rates.
"We are pleased with Amlak and Tamweel's confidence with Jade Investment & Development's flagship project and on the property market's continued strength. Our partnership with them will surely boost the trust and confidence we experience from local and international buyers," said Ahmed M. Al Hatti, CEO of The Jewels and President of Jade Investment &Development.
According to the details of the plan professional personnel will assist in providing smooth and easy transaction for all applicants. Both companies offer innovative financial products to investors including Sharia'a compliant products at variable profit rates.
The Jewels twin tower are 20-storey high and house a whole spectrum of residences that include one, two, three bedroom apartments, duplexes, penthouses, lofts, retails shops and luxurious villas that overlook Dubai Marina. The estimated cost of the project is USD 60 million and is expected to be complete at the end of 2006. Partnering Jade Investment & Development in this premier venture is a team of highly renowned experts that include RMJM and Projacs.
