Business | Property

DIB to finance buyers of Lynx property

The Dubai Islamic Bank (DIB) yesterday signed a memorandum of understanding (MoU) with Earth Developers, the real estate arm of Al Abbas Group, to provide financing to buyers of residential and commercial units at the Lynx at Dubai Silicon Oasis.

  • Staff Report
  • Published: 00:06 June 15, 2008
  • Gulf News

Dubai: The Dubai Islamic Bank (DIB) yesterday signed a memorandum of understanding (MoU) with Earth Developers, the real estate arm of Al Abbas Group, to provide financing to buyers of residential and commercial units at the Lynx at Dubai Silicon Oasis.

Launched in 2007, the Lynx at Dubai Silicon Oasis is Al Abbas Group's first foray into the Dubai real estate market.

The Lynx is an exclusive mixed-use project created to cater to the growing demand for affordable residential and commercial spaces in the emirate. It offers a choice of 143 residential units comprising studios, one-, two- and three-bedroom apartments along with 83 office and 11 retail units.

Units at the Lynx are scheduled to be delivered in the second quarter of 2009.

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