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Wed 23 May 2007 06:22 PM

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Hasta 'La Vista', $110m

Property developer Al Manal today announced the launch of La Vista Residence at Dubai Silicon Oasis.

Dubai property developer Al Manal announced today the launch of La Vista Residence, a AED400 million ($110 million) property located within the high-tech integrated community of Dubai Silicon Oasis. Construction is due to start in September with a scheduled completion date of December 2008.

The project comprises seven residential buildings of eight storeys each, offering in total 832 units. The project will offer studio, one and two bedroom apartments and will be located within the Dubai Silicon Oasis, close to Emirates Road, New Ring Road, Dubailand and Academic City.

Through a deal signed with Emirates Islamic Bank and Badr Al Islami, the Islamic financial arm of Mashreq Bank, both will provide 100% financing with no down payment and mortgage payments beginning after purchasers move into their apartment.

Dubai Silicon Oasis, is a 7.2 km2 masterplanned community with an emphasis on high-tech industry, catering for companies involved in IT, electronic, computer hardware and software development.

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