Abu Dhabi developer inks home finance deal
Abu Dhabi, July 10, 2014
Saadiyat Development and Investment Company has signed a customer home finance deal with Al Hilal Bank for its upcoming villa project in Abu Dhabi.
The Hidd Al Saadiyat residential community covers 1.5 million sq m with 7 km of beaches on Saadiyat Island, the cultural district of the capital. It will provide residents the finest offerings on the shores of the Gulf, minutes away from Abu Dhabi City. The community will consist of 452 villas, commercial centres, hotels, apartments, beach clubs and amenities, conveniently located within reach.
The developer of the luxurious beachfront residential development, SDIC said under the strategic partnership agreement, the potential home seekers and investors will be offered competitive home finance options to help own their dream homes.
Through the agreement with Al Hilal Bank, SDIC is increasing the number of competitive mortgage options available to buyers interested in the project, stated Mounir Haidar, the managing director.
“Hidd Al Saadiyat is a one-of-a-kind project in Abu Dhabi. The interest that the project has generated so far is a clear indicator of the growing demand for high-caliber, resort-style community living close to the city. Given the solid reputation of the leading Islamic bank, Al Hilal Bank, we are delighted to have partnered with them for providing home financing options to our prospective clients,” he added
Al Hilal Bank CEO Mohamed Jamil Berro said the new partnership proved to be both timely and strategic as it aimed to play a key role in further strengthening Abu Dhabi’s real estate segment.
"We look forward to working closely with SDIC - offering key home financing opportunities for their potential buyers and helping them realize their dreams of owning their own homes," he noted.-TradeArabia News Service