Damac, Amlak offer second home financing

Under the deal, Amlak will offer up to 60% of the value to the existing property towards the new one, will the remaining 40% will also be financed by Amlak.

Gulf News

July 20, 2017

Thursday, Jul 20, 2017

DUBAI

Damac Properties has announced a tie-up with Amlak Finance to allow people with fully paid-up homes from Damac to buy a second home off-plan with no upfront deposit.

Under the deal, Amlak will offer up to 60 per cent of the value to the existing property towards the new one, will the remaining 40 per cent will also be financed by Amlak.

Niall McLoughlin, Senior Vice President, Damac Properties, said, “Residents and non-residents can take advantage of this unique offer and enjoy long-term returns in addition to the capital appreciation similar to prime international real estate markets.”

Staff Report