Press Release: 1st real estate 'Tayseer' project secures Dhs65m in financing
The Land Department (LD) in Dubai has announced that Al Manal Development, a leading real estate developer in the region, has successfully secured an Dhs65m loan from Mashreq Bank to finance its "Lakeside Residence" project. The loan is the first to be secured by the Tayseer real estate program, which was launched by the Land Department to boost finance market and encourage investment in real estate projects in accordance with standards set by the Department.
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