The partnership with Amlak Finance will allow Lootah’s customers the opportunity to own more than just one property
Lootah Real Estate Development, one of the region’s prominent modern real estate developers, announced their partnership with Amlak Finance PJSC, a leading specialized Shari’a compliant real estate financier in the Middle East, through which investors of Lootah Real Estate Development will benefit with the opportunity of doubling their property portfolio.
When applying for finance support through Amlak, other than hassle free purchase process, investors will also be provided with benefits including repayment through rental income, and complimentary property management and preventive maintenance services for their next prized investment.
Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development said: “This partnership highlights our commitment to our investors and providing them with facilities that enables them to grow their real estate portfolio. Additionally, we are pleased to partner with Amlak who has a track record of providing one of the leading Shari’a financial solutions in the Middle East.”
Amlak Finance will offer this exciting offer to potential investors of The Waves project for now. Spread across 175,905 sq. ft, The Waves is a creative reflection of creative trends and modern taste. The project has successfully completed close to one third of the project, since its ground breaking ceremony last year in September.
Arif Alharmi, Managing Director & CEO of Amlak Finance, said: “We are pleased to be collaborating with the Lootah Real Estate Development and further enhancing the services we provide our customers. This partnership will allow us to offer our new ‘Double Your Property’ product to wider audiences, in line with current market demands. We believe this new offering is well-suited for the market and will further increase investment transactions in Dubai. We look forward to the successes of this collaboration and to contributing to the future growth of Dubai’s real estate sector.”
The Waves features Studios, one bedroom and one bedroom loft apartments ranging from areas of 485 Sq.ft to 2,000 Sq.ft. Beautifully proportioned and finished to the very highest of standards, the interiors celebrate extraordinary vistas of Dubai’s skyline and reflect unique influences of modern design. Generous living spaces are flooded with natural light through floor-to-ceiling windows.