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.
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.
Share this article
Gulf News classifieds
Popular in Business
Business Editor's choice
-
Travel insurance offers peace of holiday mind
The wisest thing to do is to take out travel insurance before you leave.
-
Controlling risk through managed account
Can be simple stand-alone master funds or can grow to include several special purpose vehicles
-
Regional banking in throes of light and darkness
Loan-loss provision growing but lenders withstanding crisis

-
UAE
Abu Dhabi's infrastructure spending
New road networks to reignite construction sector.


