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Emaar unveils Beauport tower

DUBAI — Emaar Properties yesterday announced their partnership with Amlak Finance, to offer buyers its latest property offering, The Beauport tower within the Marina Promenade complex at Dubai Marina.

For the first time in the UAE, Amlak will be offering finance for up to 96 per cent of the property value with a 4 per cent down payment and a zero payment option until handover of the unit.

Following the successful launch of the first tower, The Paloma at Marina Promenade earlier this year, Emaar is now unveiling the second tower at Marina Promenade, The Beauport with one bedroom apartments starting from Dh733,888. With Amlak's special financing scheme, potential buyers can own a one bedroom apartment for as low as Dh4,782 per month and two bedroom apartments for as low as Dh10,000 per month.

With its prime location, the Marina Promenade six high end residential towers offer breathtaking views of the marina. Centred at the widest bay of the Marina where it stretches more than 300 metres, the complex will mirror the successful lifestyle that Marina Walk offers residents with an endless boulevard of multi-cuisine dining restaurants, coffee shops and retail outlets.

Bahiya Kayed, Emaar's Assistant Director of Sales said: "This special offer from Emaar and Amlak allows more opportunities for potential buyers and offers greater flexibility."

"This is yet another successful project by Emaar Properties and we are glad to provide such an attractive home finance package to potential buyers who are looking for a good investment," said Shahli Akram, Deputy CEO, Amlak Finance.

Akram added: "Offering 96 per cent finance is great value-added for our customers. We are confident that prospective home buyers will welcome this unique offer."

Other incentives offered along with the 96 per cent home finance option include loan tenors of up to 25 years at 6.5 per cent per annum. Approval of loans is subject to Amlak's terms and conditions.

The Beauport tower project is currently under construction and it is due for completion in January 2008.