RAK Properties signs financing MoU with NBAD
Reports reveal that the leading real estate developer in the emirate of Ras Al Khaimah, Ras Al Khaima Properties, recently signed an Memorandum of Understanding (MoU) with National Bank of Abu Dhabi (NBAD) to allow RAK Properties customers access to the bank's 'Escan' home financing facility.
Under the new strategic partnership. The National Bank will offer the chance for customers to purchase residential and commercial property units in RAK Properties' premier developments, according to Khaleej Times.
The company's main property developments include the Julfar Towers and Mina Al Arab, two of the prestigious developments in the emirate' booming property industry.
"RAK Properties has the interest of its customers paramount in every decision or venture that it undertakes," stated Mohamed Sultan Al Qadi, managing director of RAK Properties.
"We always want to associate ourselves with the best offers in the market, and NBAD's 'Escan', with its generous loan amounts and flexible tenures, is one of the best home financing options currently available for our customers."
Ras Al Khaima Properties is a Public Joint Stock Company (PJSC) established by the office of the government of Ras Al Khaimah's Development Office in 2005, that is listed on the Abu Dhabi Securities Market.