Deyaar Development, one of the UAE’s largest real estate companies, has launched a new initiative coinciding with the UAE Flag Day for its Midtown project in Dubai.

A 1.2-million-sq-ft development, Midtown is located in Dubai Production City, previously International Media Production Zone - the UAE’s growth corridor which is close to the Jebel Ali Port and Al Maktoum International Airport. It has a built-up area of more than five million sq ft, said a statement from Deyaar.

The developer said the campaign is designed to provide unique saving opportunities for UAE nationals.
 
Under this package, UAE nationals will enjoy discounted down-payments starting from Dh74,000 ($20,142), and monthly payments from Dh1,120. Deyaar will also cover 50 per cent of the four per cent Dubai Land Department registration fee on property.

The Dubai developer is offering a variety of studios, one- and two-bedroom residential units in Deyaar’s Midtown development.

It is aims at encouraging Emiratis to make the right savings choices when purchasing property, taking advantage of a range of generous promotional offers with reduced monthly instalments, complimentary property management services for the first year and tailored-made mortgage finance solutions which will be available on various units within the iconic Midtown project, said a senior official.

Unveiling the offer, Nasser Amer, the vice-president (sales) at Deyaar, said: "This is an exciting opportunity for UAE nationals to make a smart property investment."

"We are pleased to offer UAE nationals generous incentives that will help them make the right investment choices. Midtown is proving to be a popular development within the UAE nationals segment, which represents the largest sales portfolio in the project," noted Amer.

Construction work on Midtown’s Dania District and Afnan Districts is well under way according to schedule, and Deyaar will launch Midtown’s third phase in the coming year, he added.-TradeArabia News Service