LifeStyle Homes & Properties, a real estate sales consultancy in Qatar, will be exclusively promoting the Sabban Towers on The Pearl-Qatar.
The LifeStyle office located on C Ring Road (H Fikri Building) has been designed to be totally customer-centric, a release yesterday said.
LifeStyle, under the operation and management of Sabban Property Investments (SPI) “will use their in-depth market knowledge and expertise to manage the sales of residences within the three luxury Sabban Towers being built on Porto Arabia”.
To ease the burden resulting from high rent rates coupled with the high demand for properties within Sabban Towers, SPI has entered into a partnership with Commercialbank to introduce a first-of-its-kind mortgage scheme.
Arron Browne, SPI sales and marketing manager said, “We are glad to join forces with LifeStyle Homes & Properties to manage the sales of Sabban Towers, which is poised to be one of the most luxurious projects on the world-renowned Pearl-Qatar development. Our dedicated real estate office has been designed keeping in mind the various requirements of customers, and we are keen on offering our range of integrated services to them. The timely launch of this attractive mortgage scheme by SPI and Commercialbank will certainly aid our sales team as they look to leverage the tremendous interest already generated by Sabban Towers.”
Turki al-Sabban, Sabban Property Investments director, said, “We are keen on leveraging the expertise and local market knowledge of LifeStyle Homes & Properties to realise our sales goals for Sabban Towers. Their modern, customer-focused office for the sales of this project will help in addressing the growing interest among regional and international investors by providing never-before-seen services.
“Our focus has been to offer the very best to our customers, which will be evident in the quality of every aspect of design and construction of the Sabban Towers, and we are glad that a reputed company like LifeStyle Homes, under the management of SPI, will be responsible for the sales of the project,” he said.
The Sabban Towers, designed on the European-Mediterranean architecture are unique, as all three towers will be built on one podium leading to significant economies of scale and the ability to offer better facilities. The total plot area for all three towers is 19,692sq m, including 6,115sq m for recreational activity. Sabban Towers provide upscale residential apartments and luxury penthouses, with a picturesque view of the sea and marina. Some of the amenities at the towers include swimming pool and Jacuzzi, child day care, function rooms, squash and multi-sport courts, spas, gyms and landscaped garden areas.
The innovative mortgage scheme, which is exclusive to Sabban Towers, has an attractive payment structure that will enable customers to own their apartment in the Sabban Towers, with minimum financial burden.
Customers are required to pay 10% to reserve their apartment, with no other payments until January 2007, when the buyer will only be required to pay interest on 20% of property value paid by the bank.
On completion of the project, the customer pays another 10%, while the bank pays the 60% balance. It is only after the completion of the project that the customer begins making payments towards the capital. The Sabban Towers are on schedule for their targeted completion date of first quarter of 2008.

source: http://www.gulf-times.com

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