Tecom Investments And Amlak Finance Launch Off-plan Islamic Financing

Amlak will offer financing up to 50% of the property value before project handover, with the option to refinance up to 75% upon completion for tenures of up to 25 years

Dubai: Tecom Investments said on Tuesday it has signed an agreement with Amlak Finance, the UAE’s first specialized real estate finance provider, to offer Sharia-compliant financing options via its Amlak Tatweer program to all purchasers of freehold Villa Lantana homes, including non-resident and self-employed buyers.

Amlak will offer financing of up to 50 percent of the property value before project handover, with the option to refinance up to 75 percent upon completion for tenures of up to 25 years at highly competitive rates, enabling more investors and end-users to become part of the Villa Lantana community, Tecom Investments said in a statement.

The new Villa Lantana development of 440 freehold family villas represents an astute investment opportunity, in part due to its key location in Dubai’s Al Barsha growth corridor in addition to the established reputation of its master developer, Tecom Investments.

The contemporary Villa Lantana community also features a well-planned, beautifully landscaped family neighborhood. Buyers can choose between 17 different villa designs, 11-floor plans, and a range of 3, 4, and 5 bedroom detached and semi-attached family homes. Villas span in square footage from 2,453-square-feet of Built-Up Area (BUA), up to 
6,082-square-feet BUA.

Originally published on www.gulfnews.com