Abu Dhabi Finance adds Amaya Towers by Dhafir Development and Contracting to its expanding portfolio

Press release
Published June 7th, 2011 - 07:08 GMT
Amaya Towers, a project by Dhafir Development and Contracting
Amaya Towers, a project by Dhafir Development and Contracting

Amaya Towers, a project by Dhafir Development & Contracting LLC, has been added to the portfolio of properties for which Abu Dhabi Finance offers mortgages. Prospective residents and investors of Amaya Towers can now apply for mortgages with Abu Dhabi Finance, and obtain interest rates starting from 5.75 percent. 

The two upmarket 30-storey residential towers stand adjacent to the canal in Shams Abu Dhabi, Reem Island and overlook the waters of the Arabian Sea as well as the Saadiyat Island shoreline. The project is due to be completed by the end of 2011. The development will offer a retail area by the canal and house luxurious one, two and three-bedroom apartments. All apartments will have private balconies, at least one spacious en-suite master bedroom and allocated parking spaces. The buildings will be equipped with an outdoor swimming pool, world-class gymnasium and 24-hour security and CCTV surveillance system. 

Abu Dhabi Finance is offering its ‘Essence’ mortgage to prospective buyers – a product which combines the most competitive interest rates in the market, starting from 5.75 per cent, with unbeatable service. The company’s service-focused and straight-talking Mortgage Advisors offer sound advice to clients based on their years of experience and extensive training, at any location in the UAE convenient to the client, whether it be your home, your office or your favourite coffee shop. 

Philip Ward, Chief Executive Officer of Abu Dhabi Finance, commented, “We are looking forward to offering our clients even wider reach through our partnership with Dhafir Development & Contracting LLC. The Amaya Towers is joining our extensive portfolio of developments on Reem Island for which we offer mortgages.”  

He added, “Dhafir has proven itself to be a reliable quality developer with extensive experience in the real estate market. We are sure this is the start of a successful partnership for us and for our clients.” 

Mr. Samir Chaghouri, Managing Partner of Dhafir Development and Contracting LLC, said, “We are pleased to work with Abu Dhabi Finance on the Amaya Towers project in Shams Abu Dhabi. The towers are located in one of the most exclusive spots of the island and will offer residents a comfortable and pleasant lifestyle with the heart of the city at your doorstep but within a more residential community setting. We have also recently opened our show apartment to the public for people to see the quality of finishing and materials we will be providing.” 

Shams Abu Dhabi, where Amaya Towers is located, will comprise residential, commercial, retail and recreational spaces, creating a self-contained community for modern living. The newly built bridge means that the Tourist Club Area is only minutes away. 

In the two and a half years since its launch, Abu Dhabi Finance has extended its reach and now covers more than 75 per cent 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.  Other Developers currently covered include Aldar Properties, Sorouh Real Estate, Tourism Development and Investment Company, Capitala, Green Emirates Properties, Profile Group Properties and RAK properties.

Background Information

Abu Dhabi Finance

Abu Dhabi Finance is the UAE’s fastest growing leading financial services company mortgage lender, providing individuals and businesses alike with the most relevant real estate financial solutions.

Since being formed in 2008 as a private joint stock company partnership between Mubadala Development Company pjsc, Aldar Properties pjsc and ADCB, Abu Dhabi Finance has grown from strength to strength. This partnership brings years of local financial knowledge and real estate expertise, combined with the most solid financial backing in the UAE and a tangible sense of corporate social responsibility.

Dhafir Development and Contracting

Dhafir is a reputed construction and development company established and operating in the United Arab Emirates.  Since 1976 we have experienced a continuous growth and completed more than 105 projects in Abu Dhabi, Dubai and Sharjah. While contracting remains a core business, our expansion through the years into real estate development and facility management has allowed us to diversify our services and present a one stop source for development, design, build and operation.

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