Karachi: The management of EMAAR Pakistan – a subsidiary of Emaar properties PJSC, a Dubai-based property developer – has announced that EMAAR Karachi and Dubai Islamic Bank have signed a memorandum-of-understanding (MoU) in a bid to promote mortgage financing in the country, according to a post shared on the official Facebook page of the builder on January 7.
As per the MoU, both brands will promote home financing for their existing and upcoming projects. Under the agreement, Dubai Islamic Bank will offer mortgage financing facility to owners of fully-developed and ready-to-move apartments of Coral, Reef and Pearl towers in Crescent Bay – situated in Defence Housing Authority (DHA) Karachi’s Phase VIII. It was also reported that the partnership will support various upcoming projects of the developer on a nationwide scale.
According to reports, piling work on the Panorama project was completed in 120 days. The management reiterated that Panorama aims to become Pakistan’s tallest waterfront residential tower.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
