Business | Property

Sale of new building in Remraam

Innovation, a leading mortgage consultancy firm in the UAE, will be organising the sale of a building in Remraam, Phase 1 today at the Hotel Movenpick, Bur Dubai.

  • Staff Report
  • Published: 23:53 October 10, 2008
  • Gulf News

Dubai: Innovation, a leading mortgage consultancy firm in the UAE, will be organising the sale of a building in Remraam, Phase 1 today at the Hotel Movenpick, Bur Dubai.

In all, 48 apartments comprising four studios, 22 one-bedroom, 16 two-bedroom and six three-bedroom apartments, worth Dh80 million will go on sale. The event will start at 10am and continue to 5pm.

Established

Innovations, a member of Innovations Group, was established in 2005 and has a significance presence in the UAE region.

They represent leading banks such as National Bank of Dubai, Commercial Bank of Dubai, Barclays Bank, Lloyds TSB Bank, United Bank Limited, Badr Al Islami, Emirates Islamic Bank, Mashreq Bank, Abudhabi Commercial Bank, Dubai Islamic Bank, Amlak Finance and Noor Islamic Bank.

In 2007 they have disbursed mortgages worth Dh1 billion and in the first quarter of 2008, they have already crossed over Dh1.2 billion. The consultancy services provided by Innovations are free of cost to the customers.

Remraam is a new kind of community, coming up next to Arabian Ranches, which provides affordable community living without compromising on amenities.

It is located very close to Mall of Arabia, world's largest mall and Bawadi, world's largest hospitality project. It is well connected to major roads by a new road network.

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