Abu Dhabi Finance launches a new mortgage promotion - a fixed interest rate of 4.99%

Press release
Published April 24th, 2012 - 06:56 GMT

Abu Dhabi Finance, the Emirate’s leading home finance provider, has today revealed the launch of a special promotion for the Cityscape Abu Dhabi exhibition. This promotion will offer a fixed rate of 4.99% during the first year of the mortgage in addition to two premium passes to a theme park at Yas Island. The special promotion will apply to all new applications received by end of April 2012.   

Entitled ‘The Cityscape Promotion’, it will be available for a limited period of time for UAE nationals and residents alike, and will offer prospective buyers a fixed rate of 4.99% during the first year of their mortgage, coupled with unrivalled service and flexibility.

Philip Ward, Chief Executive Officer Abu Dhabi Finance, stated: “We remain committed to supporting the development of the real estate market in Abu Dhabi and we have launched this promotion in response to the evolving needs of our clients. We hope to strengthen our position as Abu Dhabi’s favourite mortgage lender, and offer our clients even better value and service.”

The promotion is available on the back of Abu Dhabi Finance’s ‘Essence’ mortgage, which provides flexible financing with award-winning Client Service to suit a wide range of clients’ needs. Its flexible features include a Loan-To-Value (LTV) ratio of up to 85 per cent, mortgage tenures of up to 30 years, and a wide range of repayment options. Clients also benefit from the option of a one-month payment holiday and a 10 per cent partial settlement facility free of charge each year.

Abu Dhabi Finance is present on Aldar Properties Stand – stand number 4B10 at Cityscape Abu Dhabi 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 by calling 800 ADF (233).

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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