Dubai – Mubasher: Damac Properties and Amlak Finance partnered to offer its existing customers an exclusive investment opportunity.
The bespoke ‘Double Your Property’ product will give Damac's existing customers the opportunity to buy a second property through the developer’s completed and off-plan portfolio with zero capital to be paid up front.
Customers who own a fully paid-up home from Damac can invest in a new villa or apartment from the developer and take advantage of a tailored scheme.
Amlak will offer a home finance of 60% of the current market value of the existing property to pay towards the new property while the remaining 40% will also be financed by Amlak.
The company’s stock declined 0.25% to AED 4.020 by 1:20 pm UAE time, with a turnover of AED 34.154 million generated from the exchange of 8.43 million shares.
