Dubai Property News: Amlak to finance Time Place at the Dubai Marina
[03/10/2005]
Amlak Finance has announced that it has tied up with Abraj Property Developers to offer finance to customers buying property at the Time place project in the prestigious Dubai Marina.
The agreement was signed by the both two parties at the recently concluded Cityscape exhibition.
Abraj Property is owned by Naif Al Rajhi and Abdullah Shobily of Al Rajhi International.
Mohammed Al Hashimi, CEO of Amlak Finance, described the tie-up with Abraj for the 34-storey Time place Tower as an excellent opportunity for both the companies to benefit from each other's strength and expertise.
Saad El Zein, managing director of Abraj, said that the Time Place project, which is due for handover in March 2007, attracted a number of serious buyers at the exhibition. He also said that the tie-up with Amlak Finance will provide Abraj 's customers easy access to funds for the purchase of their homes.
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