- Attractive Funding Option for Buyers, Investors and owners of The Executive Towers Residential Units
Dubai Properties LLC, a subsidiary of Dubai Properties Group (DPG), today announced an alliance with Standard Chartered Bank to offer ‘Easy Loan’ mortgages – a funding option to prospective buyers and existing owners of residential units at the Executive Towers
As part of the ‘Easy Loan’, Standard Chartered Bank will directly evaluate the customer’s property through independent surveyors and offer the finance with minimal documentation requirement from the client. In order to benefit from the Easy Loan mortgage product, customers must be resident in the UAE and should meet the minimum eligibility criteria of the bank.
Mohamed Binbrek, Group CEO of Dubai Properties Group, said: ‘Dubai Properties’ alliance with Standard Chartered, one of the leading Mortgage Providers, is part of an endeavour to provide our clients with viable loan options. We are focused on leveraging synergies across the real estate sector and aim to continue delivering strong investment values to our customers and give them the confidence and security to invest in the real estate market.”
Standard Chartered Bank’s ‘Easy Loan’ mortgage product offers financing of up to 40 per cent of the property price. Customers can take advantage of the financing terms for the final payment from AED 150,000 to AED 10 million for tenure of 3 to 25 years on Dubai Properties Executive Towers residential units. Customers also have an option of financing their land registration charges as part of the loan.
Chris de Bruin, Head of Consumer Banking, Standard Chartered UAE said, “The new Easy Loan mortgage product is an important addition to Standard Chartered’s approach to delivering on its customer centric strategy – delivering simplified and tailored solutions to our consumer banking customers. We are delighted to launch this product in partnership with Dubai Properties and reaffirm Standard Chartered Bank’s commitment and confidence in the real estate market and key developers in the UAE.”
Representatives from Standard Chartered Bank are available from 9:00 am to 4:30 pm at the Dubai Properties Sales Centre, located at the Dubai Internet City to meet with customers and discuss how their financing needs can be addressed with the ‘Easy Loan’ mortgage offer.
Customers can also call Standard Chartered Bank Phone Banking at 600 522288 or email
home.loans@sc.com to fix an appointment with Standard Chartered Bank’s Home Loans Sales Representative
Located at the prestigious Business Bay master development, the Executive Towers comprises 10 residential towers offering 2,211 residential units, one office tower (with 187 office suites), 60 villas located at the plaza level, eight boutique office villas and a three-level podium that offers parking bays for 4,500 vehicles. Residential spaces available at the landmark project include studios, loft apartments, 4-bedroom terraces, garden apartments, and one, two, three and four bedroom apartments.
Aspect Tower is the first freehold boutique office tower in the Executive Towers complex at the Business Bay, and aims to meet the vast demand for freehold office space in Dubai. It will be located at the northwest side of the Executive Tower development on Sheikh Zayed Road between Interchange 1 and the Al Safa Park.
Dubai Properties’ projects represent a diverse spectrum of residential, commercial and mixed-use developments including Business Bay, Al Waha, The Villa, Jumeirah Beach Residence and Culture Village.
