Doha - Capital Investment CEO Hafsa Al Alma and Doha Bank CEO, R Seetharaman recently announced a new financing agreement to offer a new home loan to buyers of Asteco's danatQatar.
Buyers of danatQatar, situated in the Pearl Qatar, are now able to purchase an apartment through a mortgage with Doha Bank, as well as several other leading banks in Qatar, offering new home buyers and investors a greater degree of flexibility when choosing property financing.
The new home loan is available to all at an attractive interest rate of only 7% p.a. with a minimum QR100,000 down-payment and with no monthly payments due until receipt of their apartment. Buyers also benefit from a 30 year repayment tenure; currently the longest repayment period in the market.
Asteco Qatar General Manager, David Oayda stated "Demand for free-hold real estate is on the increase and Asteco's decision to offer danatQatar through a range of banks, comes as part of a continuing effort to provide added-value to our customers."
Not only is danatQatar one of the most competitively priced options on the market but we are now uniquely able to offer a range of mortgage options, including this 30 year repayment option to our buyers, ensuring they have the best opportunity to buy a new home in this prestigious development" he said.
Doha Bank is also running a Grand Draw, giving five customers the chance to win back their down-payment. Stage two of danatQatar is currently underway, with 60 units initially on offer from the 230 available in total.
The development is scheduled for completion in April 2009.
© The Peninsula 2008
