iPhone | iPad
Android
Huawei
Mellisa Ndulu Kimani is now ready to fly home and give birth to her baby boy in peace
KT APPDOWNLOAD
DIB to offer up to 80pc Islamic mortgage for Lebanon project
DUBAI - Dubai Islamic Bank (DIB) yesterday launched an exclusive exhibition of its first real estate project in Lebanon at the Fairmont hotel, Dubai.
The sales centre and exhibition was inaugurated by Dr Mohammed Khalfan bin Kharbash, UAE Minister of State for Finance and Industry and Chairman of DIB, in the presence of Humaid bin Nasser Al Owais, UAE Minister for Water and Electricity. DIB has announced that it will offerIslamic mortgage up to 80 per cent for Matal Al Qamar residential project.
'The tourism sector in Lebanon has seen significant growth over the last three years as the country leverages its moderate climate and scenic landscapes to position itself as one of the premium tourist destinations of the region.People from the GCC countries form a significant percentage of the tourist inflow into Lebanon especially in the last couple of years,' Kharbash said.
The exhibition cum sales centre for Matal Al Qamar was opened to VIP investors yesterday and will remain open until September 13.The prices for residential units range from $216,000 to $685,000.
Matal Al Qamar (first sight of the moon) comprises freehold residential units, set in a strategic location in the Quernayel Falougha area in Lebanon. The location is about 36km from Beirut and connected to the city by three major highways. In addition, the complex offers a luxurious lifestyle with several common facilities including a mini golf course, tennis courts, health club, swimming pool, a pets zoo and a park.
'This maiden real estate investment by DIB in Lebanon seeks to cater to this growing intra-Arab tourist segment by providing them with the best infrastructure and tourist facilities in an ideal setting,' Kharbash added.
The apartments range from sizes of 250 square metres to 1,000 square metres with the entire project being set on 50,000 sq. metres of land. It comprises 80 residential units, which include town houses, duplex and triplex apartments and units set near the waterfall area. Butti Khalifa bin Darwish CEO, Dubai Islamic Bank said: 'Matal Al Qamar is DIB's first real estate investment project in Lebanon and we would like the UAE-based investors to have the first chance to invest in prime residential property that is set in the heart of Lebanon.'
More news from
At just 23 years old, Madison Marsh is travelling around the world to inspire women while advocating for military careers
From well-worn trekking paths to unsullied beaches, and sweet-smelling mango orchards, there’s plenty to discover here
Daniella Aschettino on balancing a lifestyle she loves with a cautious approach to spending
The masterclass attracted over 200 delegates and showcased the holistic care model at King’s Dubai Parkinson’s Centre of Excellence
Australia reached 317-3 with six overs to spare after bowling England out for 315 in 49.4 overs
BFM TV reported that Barnier has proposed conservative Senator Bruno Retailleau as interior minister
Sites contained approximately 150 launcher barrels that were ready to fire projectiles toward Israeli territory, it said in a statement