Contact us | +971 4 3635663
Sponsored by   Mudabala
 
 
Advanced Search
BETA
Loading Loading ...
Mon, 23 Nov 2009 | 01:47 GMT
 

Investment firms set up mortgage provider

 Gulf News
 
Email
Print
Comment
PDF
Text Size  
 

Thursday, Nov 27, 2008

Gulf News

Abu Dhabi: Five of Abu Dhabi's major investment, real estate and finance companies on Wednesday announced the launch of a new mortgage provider, Abu Dhabi FinanceAbu Dhabi FinanceLoading....

Established with an initial capital of Dh500 million, the company will service clients purchasing property in Abu Dhabi and throughout the UAE.

"Abu Dhabi FinanceAbu Dhabi FinanceLoading... will provide liquidity to a market where demand remains high for property," said Ali Eid Al Muhairi, chairman of Abu Dhabi FinanceAbu Dhabi FinanceLoading..., in a statement.

Abu Dhabi Commercial BankAbu Dhabi Commercial BankLoading..., Aldar PropertiesAldar PropertiesLoading..., Mubadala Development CompanyMubadala Development CompanyLoading..., Sorouh Real EstateSorouh Real EstateLoading... PJSC and the Tourism Development and Investment Company (TDIC)Tourism Development and Investment Company (TDIC)Loading... are shareholders in the new finance company, which will initially provide mortgages to home buyers in Abu Dhabi.

Abu Dhabi FinanceAbu Dhabi FinanceLoading... will offer mortgages with a wide range of benefits, including loan-to-value ratios of up to 85 per cent, loan terms of between 3 and 30 years, flexible repayment methods and debt service ratios of up to 55 per cent.

"There will be more choice now for end-buyers to get mortgages to fund their homes to live in. This is good news for the consumer and will also help boost confidence in the real estate market," Aldar PropertiesAldar PropertiesLoading... Marketing and Media Director Osama Gannoum told Gulf News.

Real estate investment advisory firm Jones Lang LaSalle's managing director of Middle East and North Africa (MENA) region Blair Hagkull said the introduction of a new source of capital is promising.

© Gulf News 2008. All rights reserved.

 
 
 
Community Comments (0) - Comment on this article
The opinions of the authors expressed herein do not necessarily state or reflect Zawya. Read our Comment Policy.
 
 
 
Loading ...
 
close x
Report Abuse
Loading ...
 
 
Loading ...
close x
Zawya Comment Policy:
 
  1. Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
    1.1   Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
    1.2   Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
    1.3   Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
    1.4   Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
    1.5   Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
    1.6   Give the impression that they represent Zawya.
    1.7   Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.
  2. The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
  3. Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
  4. By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
 
 
 
 
 
 
ZawyaTenders New
 
Post Your Tender Notices for FREE
(No Sign-in Required)
Zawya Tenders is a Tender Notices service entirely driven by contribution
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.

As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.

The service also offers you a tool to track the interest of bidders to your
 tenders 'live' online.
 
 
Tender Notice Due Date
Supply of Vibration Measurement Instruments AA/09-10/M/191/S 21Dec09
Maintenance of Al Karana Sewage Lagoon AA/09-10/M/197/S 07Dec09
Replacement / Upsizing of Sewerline at Madinat Khalifa Area, Al Tadamon Street ِAA/09-10/M/196/S 23Nov09
Secondment of Professional Staff for Site Supervision and Consultancy Services for – Modification and Addition to Existing 36 Schools Around Doha and Villages BA/09-10/C/039/I 20Dec09
On Call Supply of G.I Pipes , Fitting & Hoses for Mechanical Workshop AA/09-10/M/147/I 27Dec09
Al Wakrah and Al Wukair Sewerage Scheme – House connections DA/HC/09-10/C/027/I 06Dec09
Consultancy Service for Design, Development, Testing and Deployment of Integrated Qatar Design Enquiry system ( Q-DES) Including Q – PRO System Enhancements and Migration EBSD/09-10/N/002/I 13Dec09
Supply of Civil Material, Call – Off Contract AA/09-10/M/185/I 06Dec09
Post-Contract Professional Site Supervision and Quantity Surveying Consultancy Services for: Construction, Completion and Maintenance of Al Khor Park BA/09-10/S/024/I 06Dec09
Construction of Primary Health Care Centre at Al-Nuaim BA/09-10/C/011/G 12Jan10
Construction of Mosques, Imam Houses, ETC (Package 8) BA/09-10/C/019/G 22Dec09
Modification and Additions to Existing 36 NOS. Schools around Doha and Villages Package 1 (School No.11,12,19,30,31 &35) BA/09-10/C039/G 08Dec09
Rental of Light Vehicles and Drivers on a Regular & ‘Call-Off’ Basis GS/09-10/M/003/G 24Nov09
Development of Main Roads in Zone 46 RA/07-08/C/016/G 08Dec09
Road Improvement Works in Al Shamal Municipality- Zone( 76 to 79) RA/09-10/C/083/G 24Nov09
Road Improvement Works in Zone ( 56,57 ) and Doha South RA/09-10/C/086/G 24Nov09
Development of Roads In Block 1300 RA/09-10/C/081/G 08Dec09
Secondment of Professional staff -Quantity Surveyors, Planning/Cost Engineers, Business System Analysts, Project Management System Administrators and Document Controllers EBSD/09-10/N/003/G 08Dec09
Construction, Completion and Maintenance of al Khor Hospital Medical Training Center BA/09-10/C/003/G 24Nov09
Doha & Rayyan Sewerage Ain Khalid Area Sewerage – PH2 DA/09-10/C/0002/G 08Dec09
 »  More Tenders
 
 
 
Community Buzz

Stories

 

Companies

Most viewed companies by Community in the last 24 hrs
Company Name Country Industry
Saudi Binladin Group Saudi Arabia Construction and Design
Consolidated Contractors Company Overseas Construction and Design
Saudi Telecom Saudi Arabia Telecommunications Services
Saudi Electricity Company Saudi Arabia Electric Utilities
Investment Corporation of Dubai UAE Investment Firms and Funds
Al Rajhi Bank Saudi Arabia Banking
Emirates Airline UAE Transportation Services
Alokozay Group of Companies UAE Multi-line
Damas Jewellery UAE Specialized Retailers
Dodsal Engineering and Construction UAE Construction and Design
 

Projects

 

Blogs

 
 
 

 
 
 
 
 

Site is optimised for viewing at 1024 x 768 with Internet Explorer v6 and Firefox v3.0 and above.
Copyright © 2009 ABQ Zawya Ltd. All rights reserved. Please read our Membership Agreement