• Customers Can Gain Finance up to 90 Per Cent of Unit Value
• Collaboration Comes Ahead of Arady's Two-day Sales Event for Limited Units

Dubai-UAE: 11 September, 2013 – Arady Development LLC, a joint venture between Deyaar Development PJSC (Deyaar) and Dubai Properties Group (DPG), has announced its tie-up with Dubai Islamic Bank (DIB) to offer attractive financing options for customers purchasing units at the newly-launched residential tower, a part of the Central Park development at DIFC.

UAE nationals wishing to purchase units at Central Park Residences can get up to 90 per cent financing for tenures extending up to 25 years, while expatriates can gain up to 84 per cent finance, with profit rates starting from 3.74 per cent per annum.

The unique sharia-compliant financing from Dubai Islamic Bank is valid for the limited number of residential units going up for on-the-spot booking on 14 and 15 September from 9am – 6pm at the Ritz Carlton Hotel in DIFC.

Arif Mubarak, CEO, Arady Developments LLC, said: “We are highly pleased to announce our collaboration with Dubai Islamic Bank as the finance provider for the Central Park sales event. We are confident that the attractive financing options will draw more potential investors to the sales event and eventually benefit the entire project.”

Located in a prime area in DIFC, off Sheikh Zayed road, the Central Park residential tower is spread across nearly 575,000 square feet and comprises 426 apartments. Insightfully conceptualised to reflect the upscale lifestyle of its residents, the tower is part of Arady's ambitious Central Park project, spanning over 1.57 million square feet of commercial and residential space.

The residential tower comprises plush studio, one and two bedroom apartments, as well as two and three bedroom duplex, and triplex penthouses. The project is scheduled for completion in the second half of 2014. Further information on prices, payment plans and availability of the apartments will be provided at the sales event. Interested buyers are required to present a valid passport in order to proceed with bookings at the venue.

Varun Sood, Chief of Home Finance, Dubai Islamic Bank, said: “As leaders in home finance, we are committed to offering customers the best financial solutions in the market. Our deep understanding of the home finance industry, and support from Arady Development, has enabled us to design superior financing options for the Central Park project. These will allow a wider range of customers to capitalize on the opportunity to be a part of Dubai's latest upscale development.”

For more details on the financing terms and process for the Central Park residences, contact 800 339227.

Floor plans and project layout for the Central Park Residences are accessible online at www.centralpark.ae.