- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Tecom Investments has announced the second phase of sales for its Villa Lantana freehold residential development in Al Barsha South. The show villas were opened to the public last week at the Villa Lantana site, situated just off Umm Suqeim road.
UAE nationals make up 43 per cent of the buyers. Overall, the buyers are predominantly buy-to-let investors, while the remainder are looking for a family home.
“Investors are taking a long-term view of the market and recognise the importance of holistic communities,” said Badr Al Gargawi, CEO of the Development and Planning Division at Te-com Investments. “Villa Lantana incorporates a balanced mix of zones and leads to a healthier work-life balance for residents.”
Through an agreement with Mashreq, the developer offers buyers loans of up to Dh15 million and loan-to-value ratio of up to 50 per cent for off-plan property and tenors of up to 25 years. The project has an income eligibility of Dh15,000 a month.
Source: Special to Property Weekly