Finance deal for SLS Dubai Residences
01 July 2019
UAE-based World of Wonders Real Estate Development (Wow Red) has signed a partnership deal with Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, to provide a value-added home finance solution for SLS Dubai Residences customers.
The exclusive home financing solution means owning a home in the elegantly designed SLS Dubai Residences is a seamless process, said the developer.
Among several benefits, customers can enjoy an extended 25-year financing with zero per cent financing cost for the first seven years. Furthermore, customers only have to pay 50 per cent of the total price during the construction stage with the rest to be paid over a period of up to 25 years.
Located in Dubai’s downtown district, SLS Dubai Residences tower is over 60 per cent complete and on track to meet its Q3 2020 handover target.
Comprising 371 branded apartments, including spacious studios, one- and two-bedroom lofts to one and two-bedroom duplex apartments, the tower’s units offer unobstructed 180-degree views of the world’s tallest building, Burj Khalifa, as well as Dubai Creek.
With this attractive offer by Dubai Islamic Bank, customers will only have to pay installments as low as Dh1,150 per month for a Dh1 million property for the first seven years after handover of SLS Dubai Residences.
Assuring exceptional value for end-users and investors, the home financing product is the only payment facility in the UAE residential market for its affordability and potential to earn more than 45 per cent return on equity during the first seven years, according to Wow Red.
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