Emaar ties up with RAKBANK to offer premium financial packages for Burj Dubai Downtown projects

Dubai, June 15, 2006: Emaar Properties and RAKBANK are offering a 95 per cent mortgage loan with tenors of up to 20 years for apartments within the Burj Dubai Downtown development. Covering The Residences, Burj Views, The Lofts, South Ridge and 8 Boulevard Walk, the financial packages offer buyers a host of payment options, with the properties featuring an array of lifestyle options, suiting a multitude of tastes.

With the latest Emaar and RAKBANK offer, potential buyers only need a 5 per cent down payment to own one-bedroom apartments, starting at AED 729,888, for monthly installments of AED 5,848 per month, and two-bedroom apartments, priced upwards of AED 1,248,888 for installments of AED 10,007 per month. 

Potential buyers are invited to Emaar’s Downtown Living Presentation Centre at the Burj Dubai from 9am to 7pm from June 17 to 30, 2006 to learn more about the financial opportunities available, while being able to view a scale model of the Burj Dubai Downtown area. Approval of all loans is subject to RAKBANK’s terms and conditions.

The properties on offer include:

• The Residences - Built on the shores of the Burj Dubai Lake, The Residences comprises nine exclusive towers surrounded by retail outlets and recreational facilities. The Residences is urban life at its best, offering all the amenities of a metropolitan centre, but with the comforts and security of an exclusive community.
• South Ridge - South Ridge is a community of stylish apartments offering one-, two- and three-bedroom suites with panoramic windows. Two- and three-bedroom penthouses are also positioned in the top floor of the tower.
• Burj Views - Burj Views comprises three residential towers in walking distance from the vibrant Burj Dubai Boulevard, The Dubai Mall and the magical Old Town.
• The Lofts - Located on the Boulevard, The Lofts is a six-storey podium with private garden courts and air-conditioned shopping arcades. The Lofts offer a combination of high ceilings, space and subtle detail that fit perfectly into the Downtown nexus of culture and enterprise.
• 8 Boulevard Walk - Strategically located in proximity to the Burj Dubai Boulevard, 8 Boulevard Walk residences include retails shops on the ground floor, podium level amenities include a swimming pool, children’s pool and fully equipped gymnasium with secure parking provided via basement and podium level parking. 

Bahiya Kayed, Assistant Director of Sales, Emaar Properties said: “Burj Dubai Downtown reflects modern urban living and today we are offering potential buyers the chance to be part of this amazing lifestyle experience.”

“Our earlier partnership with Emaar proved an instant success and with this second offer we look forward to embarking on more alliances that offer potential buyers the opportunity to invest in their dream home,” said Murray Sims, Head of Personal Banking, RAKBANK.

Burj Dubai Downtown is a multi billion urban development in the heart of Dubai, spreading across 500-acres and combining world class commercial, residential, hotel, entertainment, shopping and leisure outlets with beautifully landscaped open green spaces dotted with lakes and numerous water features.

Surrounding Burj Dubai Downtown is the 3.5 km long, 73 metre wide Burj Dubai Boulevard, which will become a vibrant pedestrian avenue connecting parks, trees and water features and thronged with street cafes, artists, colourful stalls, traditional and modern boutiques, world restaurants and resonating with the distinctive downtown buzz found in the likes of Tribeca and Paris’ Left Bank.