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Dubai: Mashreq will be offering mortgage backing for buyers at the Villa Lantana development. This follows an agreement signed with the developer, Tecom Investments. The project — located at Al Barsha South — is due for completion by late next year.
Benefits from the alliance include loans of up to Dh15 million, a loan-to-value ratio of up to 50 per cent for the off-plan properties and tenures of up to 25 years.
“Part of our mission for this development is to enable young families to engage directly with this vibrant new community,” said Badr Al Gargawi, CEO of the Development and Planning Division, Tecom Investments. “By enabling home loan solutions through Mashreq we are increasing the options for families to secure a suitable home without having to compromise on quality or location.”
The villas come in 17 designs and 11 floor plans. The range consists of three-, four- and five-bedroom detached and semi-attached family homes. They span a built-up area from 2,453 square foot to 6,082 square foot.
Source: Staff Report, gulfnews.com