Property Consultant from DAMAC Properties told DubaiChronicle.com that the company is introducing new more flexible and affordable payment plans, along with various discounts. For some developments property buyers are now requested to pay 40% in installments during the construction period and 60% upon completion of the project.
DAMAC’s move in the current crisis in the property market is inline with the new strategies to easy mortgage payments introduced by other major developers as Emaar.
The new payment schemes ultimately works for the benefit of the end users, as the premium DAMAC projects, not only in Business Bay, will become affordable for larger number of individuals .
