Mortgages Offered For Green Emirates Properties by Abu Dhabi Finance

Abu Dhabi Finance is Abu Dhabi’s leading finance provider which has started offer mortgages for Green Emirates Properties, which will reach its extension to cover almost 75 percent of Abu Dhabi property market. This finance provider is already offering end-user finance on Sea Shore villas which was handed by Green Emirates properties back in the year 2007. It consists of 236 villas and townhouses. There were some initial developments which were covered by the agreement which includes Ocean Terrace in Marina Square, Marina Blue on Al Reem Island.

The CEO of Abu Dhabi Finance, Philip Ward said: “We continue to extend our reach in Abu Dhabi and we are delighted to announce our partnership with Green Emirates. Their developments will appeal to long-term investors and owner-occupiers from a diverse mix of income brackets, and we will be happy to provide flexible mortgages to suit every need. Partnering with a reputable developer of high quality properties such as Green Emirates allow us to offer our clients an even greater range of choice for every budget and taste.”

There are certain highlights of the mortgages being given for the Green Emirates. It includes a maximum tenure of 30 years with an upper limit of 70 at loan maturity, a debt service ratio of 55 percent and finance for up to 85 percent of the value of the property. Apart from this, it also offers various repayment options which are quiet flexible in the industry which includes a combination of Interest-Only Mortgage Loans, Interest Roll Up, Repayment and Interest Only. As far as the repayment options are concerned, the clients can repay up to 10 percent of the outstanding loan amount per year which is free of repayment charges.