TECOM Investments
and Amlak Finance Launch Off-plan Islamic Financing for Villa Lantana
Residential Community
TECOM Investments has signed an agreement with Amlak
Finance, the UAE’s first specialised real estate finance provider, to offer
Shari’a compliant financing options via its Amlak Tatweer program to all
purchasers of freehold Villa Lantana homes, including non-resident and
self-employed buyers.
Amlak will offer financing up to 50 per cent of
the property value prior to project handover, with the option to re-finance up
to 75 per cent upon completion for tenures of up to 25 years at highly
competitive rates, enabling more investors and end-users to become part of the
Villa Lantana community.
The agreement was signed by Badr Al Gargawi,
Chief Executive Officer, Development & Planning Division, TECOM
Investments, and Arif Alharmi, Managing Director and CEO of Amlak Finance PJSC.
Commenting on the partnership, Mr. Al Gargawi
said, “We are proud to be working with Amlak Finance to provide a Shari’a
compliant option for people to own their dream home at Villa Lantana. A big part of TECOM Investments’ ethos when
planning a new development is to engage with our stakeholders to ensure we
deliver in line with market and consumer requirements. They told us that they
needed a forward thinking, tailored Islamic finance option - and this is
exactly what Amlak Tatweer offers.”
The new Villa Lantana development of 440
freehold family villas represents an astute investment opportunity, in part due
to its key location in Dubai’s Al Barsha growth corridor in addition to the
established reputation of its master developer, TECOM Investments.
Mr. Alharmi commented, “Amlak is pleased to be
partnering with TECOM Investments to offer these tailored and easy financing
solutions for those wishing to own a property at Villa Lantana. Our Tatweer
product is a perfect match for such an impressive development. We continually
strive to provide prospective investors with innovative Islamic finance solutions.”
Villa Lantana benefits from being in close
proximity to Dubai’s main arterial roads, allowing fast and easy access to the
city’s primary business areas, retail and entertainment hubs. The community is
just minutes away from Mall of the Emirates and within a five minute walking
distance from the soon-to-be-launched My City Centre Al Barsha. A number of
leading schools have also recently opened in the near vicinity.
The contemporary Villa Lantana community also features
a well-planned, beautifully landscaped family neighbourhood. Buyers can choose
between 17 different villa designs, 11 floor plans and a range of 3, 4 and 5
bedroom detached and semi-attached family homes. Villas span in square footage
from 2453 square foot, Built Up Area (BUA), up to 6082 square foot (BUA).
To learn more about
the financing options for this development please contact
Amlak Finance on 800-AMLAK (26525). Alternatively, to find out more about Villa
Lantana please visit www.villalantana.ae or call 800-LANTANA.
About Villa Lantana:
Villa
Lantana is a freehold villa community
for Dubai’s growing family market, launched by TECOM Investments and ideally situated in the heart of Dubai’s growth
corridor of Al Barsha.
Villa Lantana is in close proximity to Dubai’s
main arterial roads and enjoys fast and easy access to the city’s primary
business areas, retail and entertainment hubs, and educational establishments.
Construction is currently underway with project completion set for Q4 2015.
Set in two well-planned and landscaped, gated
communities, the development consists of 3, 4 and 5 bedroom detached and
semi-attached family homes offering a choice of 17 different villa designs and
11 floor plans. Residents of Villa Lantana will benefit from a retail centre,
parks and playgrounds, as well as sports facilities including sports centres
with gyms and pools, sports courts and outdoor jogging tracks. All amenities
and full landscaping will be completed in time for handover.
For
further information and to register your interest, please visit www.villalantana.ae or call 800-LANTANA.
