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Amlak agrees to waive charges for delayed period: Investors

Posted on 08 April 2011

Following the line of Dubai Bank, Amlak Finance, an Islamic mortgage company, has agreed to waive the additional rental payment for the period beyond “the expected date of delivery” for a project in Dubailand.

In an email sent to an investor on earlier this month, and seen by Emirates 24|7, Amlak said: “We are pleased to inform you that the additional rental payment will be calculated till official completion date as per the sales and purchase agreement and the permitted extension; ie December 31, 2009.”…………………………………….Full Article: Source

 
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