Abu Dhabi - UAE, April 28, 2015: Abu Dhabi Finance (ADF), one of the UAE's premier providers of innovative, flexible and transparent residential and commercial mortgage products to the local market, is delighted to announce that it has signed a Memorandum of Understanding (MOU) with Hydra Properties to finance its new Hydra Village and Hydra Avenue developments.

Hydra Village is located in Shahama, Abu Dhabi, and consists of 448 units of residential properties (villas and townhouses). Hydra Avenue is located in Reem Island, City of Lights and consists of 906 studios, 1 and 2 bedrooms apartments. Both developments are complete and sales of the units have already begun.

This agreement will allow investors in these Hydra developments to enjoy ADF's award winning mortgage products and customer service, for example ADF's is currently offering one of the lowest interest rates in the market at 3.29% for a fixed rate mortgage.

To learn more about our products please visit us at www.adf.ae/adf-products/

Chris Taylor, Chief Executive Officer of ADF, said:

"We are delighted to add these Hydra Properties to our portfolio; at their current rates they represent good value for potential buyers. It is testament to our unique blend of market leading mortgage products and award winning customer service that we are becoming the mortgage provider of choice for residential developments in Abu Dhabi and Dubai.  

Mohamad Al Habech , Chief Commercial Officer of Hydra Properties, said:

"Nowadays, the ability to offer a complete and comprehensive customer journey complemented with 'All-in-Living' elements is more crucial than ever. Our clients will embrace life on Reem Island as the new destination in Abu Dhabi. Together with Abu Dhabi Finance, we seamlessly created a new platform for investors to enjoy and benefit from such destinations."

Abu Dhabi Finance is a leading mortgage provider in the United Arab Emirates (UAE), providing individuals and businesses with the most relevant real estate financial solutions. 

Formed in 2008 as a private joint stock company partnership between Mubadala Development Company PJSC, Aldar Properties PJSC and Abu Dhabi Commercial Bank (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. 

Abu Dhabi Finance offers innovative financial solutions ranging from residential and commercial mortgages to financial support services. This expertise, coupled with outstanding client service that sits at the heart of everything we do, has translated into numerous client service and innovation awards since our launch. In 2013, Abu Dhabi Finance became the latest recipients of "The Banker Middle East" awards, winning Best Home Finance Company and Best Home Finance Product. Abu Dhabi Finance has also won the Stevie's award for Customer Service and the President's Award for Customer Experience Management for the UAE Customer Service Week STAR Awards. 

In 2013, Abu Dhabi Finance expanded its footprint to Dubai, bringing its unique combination of world-class professionalism and intimate client care to the market. 

Abu Dhabi Finance encourages its clients to aspire to the highest levels of service and to benchmark their expectations against the best providers internationally. 

For more information visit : www.adf.ae

For further information please contact:
Newgate Communications
Habib Bacha
Mobile: +97150 1113799
Email: habib.bacha@newgatecomms.com

© Press Release 2015