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Dubai – Mubasher: Emaar Properties, a publicly traded company in the Dubai financial market (DFM), has finalized a takeover bid aimed at increasing competition in the freehold property market.
The offer, dubbed "Cruise Group", will be active throughout the summer season and will include buildings ready to be completed or nearing completion in eight of its Dubai projects.
Offers include the following projects: Downtown Dubai, Dubai Creek, Arabian Ranches 1 and 2, Emaar Beachfront, Dubai Hills Estate, Emaar South and Dubai Marina, according to Al Bayan.
The attractions, which were formulated by Emaar Properties with the new offers, are based on the investor exemption of real estate registration fees of 4% of the property value.
The attractive elements also exempt the investor from maintenance and service fees for three years, and the investor to settle in the property's housing once payment of 25% of his value.
For properties under construction, the investor can pay 75% of the value of the property within 3 years of receiving the property.
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