TECOM signs agreement with Amlak for Villa Lantana
The agreement will enable more investors and end-users to become part of the Villa Lantana community, including non-resident and self-employed buyers
TECOM Investments has signed an agreement with Amlak Finance to offer Shari’a compliant financing options via its Amlak Tatweer program to all purchasers of freehold Villa Lantana homes.
Amlak will offer finance of up to 50% of the property value prior to project handover, with the option to re-finance up to 75% upon completion for tenures of up to 25 years at highly competitive rates.
The agreement will enable more investors and end-users to become part of the Villa Lantana community, including non-resident and self-employed buyers.
The agreement was signed by Badr Al Gargawi, CEO of TECOM Investment's development and planning division, and Arif Alharmi, managing director and CEO of Amlak Finance.
Commenting on the partnership, Al Gargawi said: “We are proud to be working with Amlak Finance to provide a Shari’a compliant option for people to own their dream home at Villa Lantana. A big part of TECOM Investments’ ethos when planning a new development is to engage with our stakeholders to ensure we deliver in line with market and consumer requirements.”
The new Villa Lantana development represents an investment opportunity due to its key location in Dubai’s Al Barsha growth corridor in addition to the reputation of its master developer TECOM Investments.
Alharmi said: “Amlak is pleased to be partnering with TECOM Investments to offer these tailored and easy financing solutions for those wishing to own a property at Villa Lantana. Our Tatweer product is a perfect match for the development. We continually strive to provide prospective investors with innovative Islamic finance solutions.”
Villa Lantana benefits from being in close proximity to Dubai’s main roads, allowing easy access to the city’s primary business areas, retail and entertainment hubs.
The community is just minutes away from Mall of the Emirates and within a five minute walking distance from the soon-to-be-launched My City Centre Al Barsha.
The contemporary Villa Lantana community also features a well-planned landscaped family neighbourhood.
Buyers can choose between 17 different villa designs, 11 floor plans and a range of 3, 4 and 5 bedroom detached and semi-attached family homes.