Friday, February 20, 2009

Leading property developers offer flexi-payment options to investors

Leading property developers in Dubai and Northern Emirates have come up with the option of easy payment schedule for investors and end-users to off-set the impact of credit crunch.

With the International Property Show 2009 (IPS 2009) entering its second day, and the visitors showing up to feel the pulse of property market, the organizer of the show, Dawood Al Shirawi, said that holding the show during such a difficult phase is a huge success, and the organizers hope to sign few serious deals during and after the show.

He expressed confidence that towards the end of 2009, the property market would recover from the crisis and new regulations will help in consolidating the industry even further.

One of the leading freehold property developers in Dubai and Northern Emirates, Chapal, has announced an extension of one year for payment schedules to property buyers in Dubai and Ajman. By extending such an offer, Chapal aims to relieve its clients during tough times of economic crisis.

Chapal mentioned that this payment extension plan would benefit several thousands of investors and property end-users who booked villas and apartments in freehold projects of Chapal in Dubai Sports City, Emirates City Ajman, Emirates Lakes Towers (Ajman), Jumeirah Village Dubai, Chapal Flora Residences (Ajman).

The payment relaxation terms are currently being reviewed to support buyers of plot in master development in Ajman. IPS has been earmarked as the biggest transactional property event in the region.

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