January 13th, 2017 by Own A Space
The real estate arm of Dubai Investments PJSC and Dubai Investments Real Estate Company (DIRC), has announced that ‘Mirdif Hills’ project will have easy and flexible payment plans for all of its property purchases.
The payment plan consists of 30% payment while the construction is not completed and still going on and the balance amount which is 70% payment while handing over in the 4th quarter of the year 2018, making the whole process easier for buyers with extended payment terms.
Picture Courtesy: vizible3d.com
According to the plan, 10 percent of down payment is to be made while booking, which will be followed by 5% payment when signing the sale and purchase agreement during the following 30 days, 5% of it in six months from the date of booking, 5% within a year of booking, and 5% within a year and a half of the booking date.
The balance payment of 70% can be made when handing over.
The General Manager of DIRC, Obaid Mohammed Al-Salami, said that the payment plan for Mirdif Hills is targeted as offering customers added flexibility and feedback resulted from prospective buyers for easier payment terms. There has been encouraging demand for Mirdif Hills which is very flexible & these payment plans are expected to make the process of purchase even more seamless.
The Mirdif Hills valued at Dh3 billion, is the only freehold project in Mirdif right now & is a mixed-use commercial, residential, and retail development stretched across 3.9 million square feet equipped with 1,054 flats consisting of studio, one, two, three-bedroom apartments & duplex units, 230-bed hospital, a four-star hotel with 116 rooms and 128 serviced apartments.
Being constructed in two phases, Mirdif Hills, is expected to be completed by the start of the 4th quarter of the year 2018.
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