Housing Development Corporation Limited (HDC) has announced that buyers who choose the long-term payment plan for the Vinares housing project in Hulhumale’ Phase II can secure housing units by signing a purchase agreement after making a 15% down payment.
HDC released the final list of recipients for the Vinares flats in February and has commenced the process of handing over the flats to the designated recipients since August. HDC is currently offering concessions to individuals who choose the long-term payment option for Vinares flats. The keys to the units will be handed over to purchasers upon the completion of cumulative down payments within a three-month period. HDC also stated that all transactions will strictly adhere to the guidelines given in the purchase agreement.
The prices for the housing units in the Vinares flats fall within the range of between USD163,000 and USD168,000. These flats are available under two payment options, which are a lump sum payment or monthly installments spanning 20-25 years.
The Vinares housing project comprises 10 towers, encompassing a total of 1,344 housing units, all of which are three-room apartments. These flats are developed in four distinct concepts: 172 marina view flats, 372 outer view flats, 352 inner view flats, and 448 standard view flats. The marina view apartments offer a scenic view of the yacht marina and cruise terminal, while the inner view apartments provide a glimpse of the main roads. The outer view offers a cityscape, while the standard apartments are situated in the middle of the towers. The units will be handed over to the recipients once all finishing work has been completed.