Business | Property

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.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

Property

Gulf News
Gulf News classifieds
  5. Browse all jobs
  5. Browse all cars
  6. Browse all properties
  5. Browse all classifieds
Popular in Business
Business Editor's choice
Abu Dhabi's infrastructure spending
UAE

Abu Dhabi's infrastructure spending

New road networks to reignite construction sector.

Popular in GNTV
Popular in Pictures