Abu Dhabi Finance offering mortgages to Profile Group Properties

Abu Dhabi Finance is a new mortgage provider that is there to feed into the rising consumer demands for the housing finance. This has been set up in the capital and regulates the rising demands of the emirate. Abu Dhabi Finance has become a leading home finance provider. This finance provider has extended its horizon by signing a cooperation agreement with Profile Group Properties. This is one of the leading private developers and as per the agreement Abu Dhabi Finance offers mortgages of up to 85 percent.

The agreement covers various residential Abu Dhabi property developments in Marina Heights I & II and Reem Island. In Marina heights I there are about 234 apartments which come under Abu Dhabi Finance agreement, similarly there are 470 apartments in Marina Heights II. Both these properties are there within Marina Square. Moreover, these are the two properties that are most advanced in Reem Island and they are expected to get completed in the month of December 2009. The Chairman of Profile Group Properties, Raeid Al Yousif said: “We are delighted to be able to introduce our customers to Abu Dhabi Finance, which has quickly established itself as a pre-eminent provider of home financing options. Its dedication to delivering a quality service is second to none. Both new and existing customers will be able to take advantage of 85 per cent mortgages, with the wide range of customer-specified options that come from Abu Dhabi Finance.”

Profile Group Properties is the first company which started selling real estate to all nationalities in Abu Dhabi. The Chief Executive Officer of Abu Dhabi Finance, Philip Ward said: “Marina Heights is an excellent development, with some fantastic apartments coming onto the market by the end of this year. These apartments are perfectly suited to long term investors and owner occupiers alike. We are delighted to be able to partner with Profile Group Properties, extending our reach within Abu Dhabi.”