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Abu Dhabi Finance unveils Cityscape mortgage promotion with interest rates from 5.75%

United Arab Emirates: Wednesday, April 14 - 2010 @ 15:06

The special promotion will apply to all new applications received between 15 April and 15 May, 2010.

Abu Dhabi Finance’s stand at Cityscape Abu Dhabi will be equipped with private meeting rooms where professional Mortgage Advisors will be on hand to offer advice and guidance on home loans in the UAE. Prospective home buyers can also make an appointment to meet with a Mortgage Advisor at a later date in Abu Dhabi Finance service centre, or in the comfort of their own homes or offices.

Abu Dhabi Finance offers the lowest interest rates in the UAE, starting from 5.75%, and offers a host of other benefits, including a loan-to-value ratio of up to 85%, mortgage tenures of up to 30 years, and a range of repayment options, including the choice of having a one-month payment holiday per year.

Ali Eid Al Mehairi, Chairman of Abu Dhabi Finance, commented:

“Abu Dhabi continues to develop and grow as a hub of culture, commerce and investment in line with the vision presented in Plan Abu Dhabi 2030, which is driving demand for residential properties in the UAE capital. Abu Dhabi Finance is ideally placed to support this development by offering affordable service-focused mortgages to applicants from all backgrounds.”

He added, “We have an impressive stand this year and we are looking forward to meeting end users as well as our partners and industry peers here at Cityscape Abu Dhabi, one of the GCC property industry’s most important events of the year.”

“The property market in Abu Dhabi is on the cusp of mass delivery of high quality residential properties, with hundreds of new properties on Reem Island and Al Raha Beach on the verge of completion, and we know there is latent demand from prospective owner occupiers currently in rented accommodation. As our Cityscape promotion reduces the cost of entry and gives these prospective owner occupiers a helping hand with furnishing their new homes thanks to vouchers from THE One, we expect to see many enquiries over the four-day exhibition and in the coming month,” said Philip Ward , CEO of Abu Dhabi Finance.

Since its launch in November 2008, Abu Dhabi Finance has extended its reach and now covers more than 70% of the Abu Dhabi market. The mortgage provider offers finance for a full range of properties, from studio apartments to exclusive villas, and from Reem Island to Saadiyat Island and Abu Dhabi Island itself.

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Wednesday, April 14- 2010 @ 15:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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