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FINANCIAL NEWS
Abu Dhabi Finance offers mortgages for TDIC villas
23 Aug 2011
(MENAFN) Abu Dhabi Finance’s Chief Executive Officer, Philip Ward, said that the Emirate’s home finance provider would offer mortgages for the residential villas at the TDIC’s St. Regis Saadiyat Island Resort development with interest rates starting from 5.75 percent, reported Gulf News.
The chief executive officer also said that TDIC’s residents are not required to have a high salary. Because with a down payment, which is considered to be competitive, salary and lifestyle that allows them to comfortable meet the monthly.
Ward added that Abu Dhabi Finance would also offer many other benefits, including a loan-to-value ratio of up to 85 per cent, mortgage tenures of up to 30 years, and a range of repayment options such as the choice of having a one-month payment holiday per year.
It is worth noting that the Residences at the St. Regis Saadiyat Island Resort are a collection of 32 exclusive four and five bedroom villas due for delivery by the end of the current year. The prior price for the villas comes between USD6 million to USD6.8 million.
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