Emirates NBD Properties showcases award-winning projects at Cityscape Global 2015

Press release

Published September 7th, 2015 - 08:58 GMT

Al Bawaba

Emirates NBD Properties, a wholly owned subsidiary of Emirates NBD Group, will showcase its award-winning real estate projects at Cityscape Global 2015, the world's largest networking exhibition and conference on property development. Projects by Emirates NBD Properties featured at this year’s edition of Cityscape Global will include Terrace Apartments, Windsor Crescent Townhouses and Control Tower (commercial and retail) in Motor City, Dubai.

The company will also profile upcoming projects including the mixed use Zabeel Land development for luxury hotel and residential service apartments located in the prestigious vicinity of the Dubai International Financial Centre (DIFC) besides the INDEX Tower in freehold area with an expected gross floor area (GFA) 1,400,000 sq. ft. In addition, a Motor City luxury hotel development project with a 241 room capacity will be featured as well as the development of 217,864 sq. ft. land area in Motor City for commercial activity.

The company will also announce details of a mortgage offer to coincide with the event, while mortgage experts from the bank will be available onsite to attend to visitor enquiries. The key benefits of the home loan offer, valid from 8 – 10 September, 2015, only, are zero fees or charges for application, processing or valuation, subject to loan disbursal. The bank is also offering zero partial settlement charges subject to a maximum of 20% of outstanding amount in one year. Interest rates start at 2.99%, with Emirati customers able to avail up to 80% financing, and expatriate customers to 75%.

Commenting on the participation, Ali Al Kaitoob, CEO, Emirates NBD Properties, stated, “Cityscape offers a unique platform to showcase the Emirates NBD Properties portfolio.

This year, we are delighted to unveil a limited time mortgage offer, which offers outstanding value to customers and is expected to generate strong demand from customers.”

Located in Motor City, Dubai, Windsor Crescent Townhouses and Terrace Apartments offer residents a unique blend of privacy, tranquility and community living. The stunning residential projects are designed to emulate nature and cultivate a healthy and nurturing environment in an enviable location of beautifully landscaped parks, tranquil lakes and family-friendly facilities. Control Tower is a commercial and business center strategically located in Business Park, near Green Community Motor City and Dubai Autodrome. Zaabeel land development, located near DIFC, offers a plethora of opportunities for branded and luxury hotel and service apartment spaces.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.