Dubai Islamic Bank (DIB) has reported that more than 70 percent of its Matal Al-Qamar residential project in Lebanon has been sold in just two days, with the majority of the individual properties being bought by investors from the United Arab Emirates (UAE).
Matal Al-Qamar comprises freehold residential units, set in the Quernayel Falougha area in Lebanon. The location is just 36 kilometers from Beirut and connected to the city by three major highways. The complex offers a luxurious lifestyle with several common facilities including a mini golf course, tennis courts, health club, swimming pool, a pet zoo and park.
Prices for residential units range from $216,000 to $685,000. DIB also offers buyers an Islamic mortgage of up to 80 percent of the total value of the property and is one of the few banks that offer completely packaged investment opportunities where it oversees the project right from construction to sales and financing. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
