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Monday, December 7 - 2009

ADF offers Green Emirates financing

  • United Arab Emirates: Thursday, August 13 - 2009 at 11:39

Abu Dhabi Finance has said it will start offering mortgages for Green Emirates Properties. Initial developments include the Marina Blue and Ocean Terrace in Marina Square on Al Reem Island. Highlights of the mortgages will include finance for up to 85% of the property value, a maximum tenure of 30 years up to an upper age limit of 70 at loan maturity, and a debt service ratio of 55%. Clients can also repay up to 10% of the outstanding loan amount per year free of repayment charges.

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