The mortgage lenders popular Essence mortgage entirely fee free when taken for an approved Reem Island development. Exhibiting at Cityscape for the third year running, Abu Dhabi Finance, the Emirates fastest growing home finance provider, has launched a new offer to coincide with the handover of new properties on Reem Island.
Entitled The Fee Free Reem Dream!, the promotion is available for a limited time only for UAE nationals and residents alike, and offers prospective buyers the chance to purchase their Reem Island property with a choice of either Free Entry Fees or Free Exit Fees. Coupled with unrivalled service, flexibility and what is already one of the Emirates lowest mortgage rates, starting from 5.75 per cent, the lenders new fee free promotion offers one of the most compelling deals in the market.
This offer will be made available for all approved completed Reem Island developments being handed over. As such the fee free promotion is expected to be warmly received by residents looking to buy or finance an already purchased unit on Reem Island.
Philip Ward, Chief Executive Officer Abu Dhabi Finance, commented:
We continue to look for innovative ways to support home buyers in Abu Dhabi, and The Fee Free Reem Dream! will go a long way to help potential new Reem residents get onto the property ladder. Reem Island is set to become a sought after address in the capital, offering both quality and availability. By removing one of the entry barriers to home ownership at such an important time, we hope to strengthen our position as Abu Dhabis favourite mortgage lender, and offer our clients even better value and service.
The promotion is available on the back of Abu Dhabi Finances Essence mortgage, which provides flexible financing with award-winning customer 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.
More than 10 Mortgage Advisors will be available on stand number 5A50 to advise prospective clients on the best mortgage options for them. In tandem with the Reem Island promotion, the lender is also promoting its popular private villa finance solution, Mamlakaty, which offers new villa construction finance or equity release of up to 80% for UAE nationals.
Abu Dhabi Finances customer service was recently recognised at the Stevie Awards for Sales & Customer Service, where Abu Dhabi Finance beat several hundred financial services organisations from around the world to win the prestigious Customer Service Department of the Year Award Financial Services. For more information visit www.adf.ae