Dubai - Madina Tower, the upcoming residential development by Reef Real Estate Company LLC at Jumeriah Lake Towers, has received approval by National Bank of Dubai for mortgage financing.
Madina Tower, a 34-storey building offering 1, 2 and 3 bedroom apartments to be completed by the end of 2006 will offer 30 per cent more space in its bedroom units as compared with similar options in other comparable projects. This not only offers a better class of living to prospective owners but also great value.
Shaikh Ahmed Mohammed Al Nahyan, managing director of Reef Real Estate Investment Company LLC said: "This is a momentous occasion for us and I am happy to announce our association with National Bank of Dubai for the Madina Tower. Now our buyers can finance up to 80 per cent of the cost of their residential units through National Bank of Dubai.''
According to Tariq Al Gurg, Divisional Head-Priority Banking at National Bank of Dubai, "NBD is known for offering a range of flexible banking products to suit the growing needs of this market."
© Khaleej Times 2005
