Damac Properties and ADCB sign mortgage facilities deal

So, customers looking to buy properties in the 42 million-sq-ft golf community Akoya by Damac will be able to benefit from an off-plan 50 per cent mortgage on rates as low as 3.99 per cent.

The mortgage facility also allows buyers to enjoy payment plans of up to 25 years tenor and with attractive rates fixed for the first five years. Subject to 50 per cent down-payment, the mortgage low offers fixed rates for the first year, followed by rates as low as 4.99 per cent (fixed) for next four years, and variable rates thereafter.

“This will give a large number of home buyers the opportunity to purchase a high-value property in one of Dubai’s leading master developments,” said Ziad El Chaar, Managing Director of Damac Properties.

Dubai’s house prices continued to grow this year, with the latest report by real estate services provider Colliers International suggesting values were up by 20 per cent year-on-year in the second quarter of the year.

Akoya by Damac, which is set around the Trump International Golf Club, Dubai, was named the Best Golf Development in the World at last year’s International Property Awards.

The development includes 4.3 million sqft of private parkland, with luxury villas by Fendi.

Damac Properties has also announced it will be developing a second golf course and related facilities in Dubai with the Trump Organisation.

Source: Property Weekly


For Rent


View more properties

For Sale


View more properties