Dubai real estate developer gets approval for end-user financing

Dubai-based real estate development company, Cirrus Developments LLC, has been approved to offer end-user financing for its realty projects by both Badr Al-Islami and Mashreq.

Cirrus will offer end-user financing for their first project Celestial Heights in Downtown Jebel Ali, a mixed-use development offering both residential and commercial units are available.

Behnam Eshragh, Chairman and CEO, Cirrus Developments, said, “We are thrilled that Cirrus Developments has been approved for end-user financing. It is a major step in the development of our company and a real validation of our business”.

Celestial Heights, the first real estate project by Cirrus with end-user financing, is strategically located in Downtown Jebel Ali, Dubai within a short distance of Jebel Ali Free Zone, Waterfront, Techno Park and Dubai World Central Airport. The project features two exclusive residential towers, namely, Capella and Orion, complemented by a 22 floor commercial tower, Polaris.