Financing scheme for unique duplex tower

Sunshine ResidencesThe terrace level amenities of Sunshine Residences l Image Credit: Courtesy of SASD

Sun and Sand Developers (SASD) Group announced a partnership with Noor Islamic Bank to provide an easy payment scheme for buyers of Sunshine Residences, the first residential building in Dubai to consist of duplex apartments exclusively.

The partnership allows buyers to avail of financing that covers half of the value of the property. Loan terms are designed to be flexible and friendly to buyers with tenure options for eight and 12 years and an annual interest rate of 5.5 per cent.

SASD revealed that many prospective buyers are attracted to Sunshine Residences because of the property’s unique concept. The developer also said the idea of a villa-like home in a residential tower appeals to more discriminating buyers.

Units in the Dubai Silicon Oasis tower range from 2,550 square feet to 2,850 square feet. Prices of the duplex residences range from Dh2.2 million to Dh2.5 million. The low-rise, luxury development will consist of 40 three-bedroom, two-floor apartments.

See other institution with similar offer: Al Hilal provides financing to Hidd Al Saadiyat 

Source: Property Weekly


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