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Amlak launches sale of Al Khawaneej land

Amlak Finance, a leading home finance company announced yesterday the launch of the sale of Al Khawaneej plots exclusively through Al Khayyat Real Estate.

  • Staff Report
  • Published: 00:16 March 23, 2008
  • Gulf News

Dubai: Amlak Finance, a leading home finance company announced yesterday the launch of the sale of Al Khawaneej plots exclusively through Al Khayyat Real Estate.

The plot of land, which comprises 1,656,144 square feet, is dedicated to labour accommodation projects. According to Arif Alharmi, Chief Executive Officer, Amlak Finance PJSC, the decision to sell Al Khawaneej comes at the appropriate time, as the demand in the market for the size of the land and the location is at its best.

The land is offered with a flexible one year payment plan which offers easier access to these premium plots of land to potential investors.

"Real estate investment is one of our main business lines, and with our investments portfolio reaching over Dh6 billion, we aim to continually grow this line of business in order to further enhance our shareholders' value by diversifying the company's revenue streams," he said

"Our objective is to assist the investors in acquiring premium plots of land for development purposes through offering innovative and flexible payment plans as well as to achieve better returns on our investments and enhance our shareholder value," emphasised Alharmi.

Amlak recently also acquired six million square feet of land in Al Warqaa from the Government of Dubai, intended for a multi-use development covering a gross floor area of 8.5 million square feet.

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