Abu Dhabi Finance to offer mortgages for Sigma towers starting from 5.75%

Press release
Published January 11th, 2011 - 12:52 GMT
Ali Eid Al Mehairi, Chairman of Abu Dhabi Finance
Ali Eid Al Mehairi, Chairman of Abu Dhabi Finance

Abu Dhabi Finance has today added the Sigma I and Sigma II towers to its portfolio, further broadening the range of properties for which it offers mortgages. On completion, the two towers will comprise 598 residences in the City of Lights district on Reem Island. 

The Sigma towers will stand tall at 28 stories each on the waterfront in the glistening City of Lights, offering its residents spectacular sea views. Housing 54 studios, 324 one bedroom, 162 two bedroom, and 54 three bedroom apartments and four penthouses, the towers are expected to attract young professionals and families. These units are available from Green Emirates Properties and the expected completion date for the development is the second quarter of 2011. 

Abu Dhabi Finance will offer to prospective Sigma residents and investors its ‘Essence’ mortgage, which combines the most competitive interest rates in the market - starting from 5.75 per cent - with unbeatable service. The company’s service focused straight talking Mortgage Advisors offer sound advice to clients based on their years of experience and extensive training, at any location convenient to the client.    

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

“Abu Dhabi Finance is an ambitious company, and we aim to offer our client’s the widest range of properties possible. We continue to build on our existing partnerships with developers and establish new agreements.” 

In the two 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.  

Mr. Jasim Al Ali Chief Executive Officer of Green Emirates Properties & MISMAK Properties said: “We are delighted to offer our Sigma I & II customers a mortgage option from Abu Dhabi Finance. We realize that our customers will be examining their financing options as the development nears completion; we have no doubt the combination of service offerings and flexibility, together with low interest rates, will meet high levels of demand.”

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.

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