ADF launches new mortgage promotion
Abu Dhabi, April 17, 2011
Abu Dhabi Finance, the emirate’s leading home finance provider, has launched a new offer to coincide with the handover of new properties on Reem Island, at Cityscape.
Entitled ‘The Fee Free Reem Dream!’, the promotion is available for a limited time only for UAE nationals and residents alike, and offers prospective buyers the chance to purchase their Reem Island property with a choice of either 'Free entry fees' or 'Free exit fees'.
Coupled with unrivalled service, flexibility and one of the emirate’s lowest mortgage rates, starting from 5.75 per cent, the lender’s new fee free promotion offers one of the most compelling deals in the market, according to a spokesperson.
This offer will be made available for all approved completed Reem Island developments being handed over.
“Reem Island is set to become a sought after address in the capital, offering both quality and availability. By removing one of the entry barriers to home ownership at such an important time, we hope to strengthen our position as Abu Dhabi’s favourite mortgage lender, and offer our clients even better value and service,” said Philip Ward, chief executive officer Abu Dhabi Finance.
The promotion is available on the back of Abu Dhabi Finance’s ‘Essence’ mortgage, which provides flexible financing with award-winning customer service to suit a wide range of clients’ needs. Its flexible features include a Loan-To-Value (LTV) ratio of up to 85 per cent, mortgage tenures of up to 30 years, and a wide range of repayment options. Clients also benefit from the option of a one-month payment holiday and a 10 per cent partial settlement facility free of charge each year.
In tandem with the Reem Island promotion, the lender is also promoting its popular private villa finance solution, ‘Mamlakaty’, which offers new villa construction finance or equity release of up to 80 per cent for UAE nationals.-TradeArabia News Service
More Finance & Capital Market Stories
- Gulf stocks surge as Fed tapering adds fuel to fire
- SABB launches graduates programme
- NBAD names key official for Hong Kong
- Commercial Bank of Dubai obtains $450m loan
- EFG Hermes names group co-chief
- Islamic bond issuance in GCC picking up
- Kuwait budget surplus likely to hit $42.4bn
- Bahrain banking sector on road to recovery
- GCC banks' outlook stable, says report
- GBSA panel names new chairperson