American Trust has made an initial agreement to fund investors in Awali City, due to the solid financial situation of Awali Real Estate Investments. Details of the agreement will be announced in the future.
Commenting on the subject, Board Member and Chief Marketing Officer of Awali Real Estate Investments, Mr Mohammed Hussein Abdullah Al Nemer, said:
“While global markets are struggling to find suitable funding solutions for real estate and investment projects on all levels, and are having serious trust issues, we continue to look for partnerships that will provide the best funding solutions for investors in Awali City, and we are taking the final steps toward giving the best possible funding solutions.”
Alex Mond, Managing Director of American Trust in Dubai, said, “Awali Real Estate Investments’ financial situation has allowed us to take this step confidently, and we’ll be providing the best funding solutions for investors at Awali City, in accordance with the project’s nature and investment.”
The Awali City project is a complete residential city, comprising 136 plots for residential and commercial use, with towers reaching a height of 17-50 storeys which will house more than 120,000 people.
Awali Real Estate Investments has finished the plot dividing process, as well as roads works, and Awali City investors can start building their developments directly.
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