Dubai Development Board...

The Development Board is an official body which was established for financing the construction of real-estate projects for limited income citizens. The Board studies the landlord’s applications of this category for approval and those who shall be entitled to such finance. Moreover, the Board undertakes, on the landlord behalf, all necessary steps and procedures for performing the project and its management after completion as well as paying a percentage of the project's profits to owners. While the remaining profits shall be used, after deducting the operation expenses, in settling the project's credit which was recorded as a loan without adding any charges or interests as a support by Dubai Government for citizens and for helping them upgrade their living standard as well as improving their social and economic conditions.