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Emaar Launches New Payment Scheme

Wednesday, November 12, 2008
Emaar Properties has unveiled a new scheme aimed at making it easier for customers to purchase property in Dubai. The 'To Own' scheme consists of two programmes: 'Plan to Own' and 'Rent to Own.' The Plan to Own scheme is an extended payment plan, in which Emaar supplies 25% of funding to be paid back in annual installments over five years. This is separate to the mortgage payments. Under the Rent to Own scheme, tenants can adjust 100% of the first year's rent as home finance if they decide to purchase the property within ten months of living in the home.Source: [AME News]
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