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Damac Properties announced it is offering investment products that guarantee the capital and annual returns for investors. The developer said it aims to provide investors peace of mind as they navigate the Dubai property market.
Damac has introduced guaranteed annual returns of 3 per cent per year on advance payments during construction. Customers will receive the payments twice a year until completion.
The developer is also offering the Damac Capital Guarantee, which guarantees the property value for two years after delivery. The company will pay the difference if the unit price has any decline between the time of delivery and the end of 2019.
Source: Property Weekly