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Developers Come up With Easy Payment at IPS

The International Property Show (IPS) 2009 enters the second day and the visitors started showing up to feel the pulse of Real Estate market. “We have seen a fair number of visitors to the show with the start of second day, says Dawood Al Shirawi, representing SME, the organiser of the show.

“Holding this show in such a difficult time is a big success for us. We look forward to some serious deals during and after the show,” he said. “There’s strong commitment on the part of the developers who are committed to carry on with their projects,” he said. He was optimistic that by the end of 2009, the property market will come out of this crisis and new rules and regulations will help consolidate the industry further.”

IPS is marked as the biggest transactional property show in the region. Khaleej Times catches up with the exhibitors to find out about what they are offering to the potential buyers and the investors.

Chapal Support Property Buyers with Payment Relaxation plan

Chapal, the leading freehold property developers in Dubai and Northern Emirates has extended up to one year in payment schedules for the property buyers in Dubai and Ajman.

By extending the payment period, Chapal has made move to relieve its clients during tough economic times.

Ahmed Chapal, Executive Director Chapal said: “Chapal’s commitment and care for the community is at the forefront of our policy decision making. Noting the prolonged effect of current economic down turn on end user, we felt that there was a genuine need to support apartment and villa buyers in our projects.”

The one year extension in payment schedules will benefit thousands of investors and property end users who booked apartments and villas in Chapal’s freehold projects in Dubai Sport City, Jumeirah Village Dubai, Emirates City Ajman, Emirates Lakes Towers (Ajman) and Chapal Flora Residences (Ajman). Ahmed Chapal asaid that “payment terms relaxation are also being reviewed to support buyers of plots in our master 
development in Ajman.

Bonyan special rates for plots in ‘Eye of Ajman’ project

Similarly, Bonyan International Investment Group Holding, leading Dubai based real estate company is offering special rates for the remaining plots within ‘Eye of Ajman’ project

Anas Atatreh, Vice Chairman of the Board, Bonyan International Investment Group Holding LLC told Khaleej Times that through the Eye of Ajman project, we are in a position to offer the best investment opportunities to customers who seek to acquire plots on a 100 per cent freehold basis and via attractive payment terms.

“Ajman is developing at a fast rate, with upgrades on basic utilities and services actively being undertaken by the government, which is being recognised by global and regional developers, investors and end-users,” he said.

Located 20 minutes from Dubai, the ‘Eye of Ajman’ project is an accessible community development, which is comprised of well-appointed plots to provide an outstanding site for mixed-use developments, with a strategically outlined network of roads to facilitate smooth traffic within the city.

The developer has recently completed the earthworks on the entire project, which include allocated plots to accommodate the construction of commercial, residential, offices and hospitality developments that vary from (G+5P+17) and (G+9P+60). Upon completion, the community development will have a total built up area of 38 million sq. ft, and will house schools, hotels, a mosque, clinic, health club and an electric sub station amidst a sprawling urban landscape.

Falconcity of Wonders committed to carry on future projects

Falconcity of Wonders (FCW), the mega project in Dubailand, is encouraging local developers to continue promoting their projects and look beyond the current global economic downturn.

FCW is a Gold Sponsor of the International Property Show in Dubai or IPS 2009. FCW Chairman and CEO Salem Al Moosa said: “We at Falconcity of Wonders want to show to UAE residents and other nationalities that we are committed and ready to pursue future developments and investments. Those who have invested with us are owning investments that are purposely secure in an intimate community designed with lifestyle appeal and quality assurance.”

FCW is a purpose-built mega project within Dubailand, featuring structures based on famous sites and the architectural marvels of the world, such as the Pyramids, the Hanging Gardens of Babylon, the Eiffel Tower, the Taj Mahal and the Leaning Tower of Pisa.

The city is shaped to represent the falcon, emblematic of the UAE’s heritage.

The project is spread over an area more than 40 million square feet and will combine various commercial, residential, educational and leisure amenities .

aneela@khaleejtimes.com