Nakheel partners with Mashreq Bank for Jumeirah Park mortgages

Dubai developer, Nakheel, has entered into a new arrangement with leading financial institution, Mashreq Bank, to provide mortgages for investors purchasing homes at Jumeirah Park in Dubai. This new strategic alliance, which supports evidence of renewed confidence in Dubai's real estate market, was cemented today with the opening of a dedicated Mashreq kiosk at the Nakheel Sales Centre. Under the collaboration, the bank aims to provide attractive and flexible home-loans to new, off-plan buyers, and to people who have already purchased and are looking for finance to assist with agreed payment schedules on their property. Speaking at the opening, Sanjay Manchanda, CEO of Nakheel, said, "This is a major step forward for Dubai's property market, and is welcoming news for end-users. Our collaboration with Mashreq highlights the renewed buoyancy in Dubai's property sector, and the increasing trust among banks and investors in Nakheel and its projects." WAM/AM/CM