Deyaar Offers Investment Incentives to Dubai Government Employees

Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, is offering an incredible investment opportunity to Dubai Government employees, providing them with several incentives to become home owners. The initiative was developed to promote real estate investment among UAE nationals.

Government employees will enjoy a 1 per cent discount on the total sale value of their new property, and Deyaar will cover the cost of the 4 per cent Dubai Land Department registration fee. These incentives also come with payment plans that offer downpayments from as low as AED34,000, with monthly instalments from AED4,400. Available until mid-February 2018, the offer is applicable to homes purchased in Deyaar’s Midtown project.  

An integrated urban community in Dubai Production City, near Sheikh Mohammed bin Zayed Road, Midtown comprises 27 buildings with a built-up area of almost five million square feet, including studios, one-bedroom, two-bedroom and three-bedroom apartments. The first two phases of the project are 20 per cent complete, with Afnan District comprising 659 apartments, while Dania District has 579 apartments.

Unit prices in Midtown start from AED680,000 for a one-bedroom apartment, with studio apartments already sold out.

Saeed Al Qatami, CEO of Deyaar said: “Our Midtown development has proven particularly popular with Emiratis, who represent 40 per cent of our investors, further inspiring us to create the opportunity for Dubai Government employees to become homeowners in this exciting residential district. We’ve had positive feedback so far, and look forward to providing more UAE nationals with the opportunity to invest at affordable rates.”

Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the years, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality.