Speaking at the signing of the deal, H.H. Sheikh Ahmed Mohammed Al Nahyan, Managing Director of Reef Real Estate Investment Co. 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% of the cost of their residential units through National Bank of Dubai."
Present at the signing, Tariq Al Gurg, Divisional Head-Priority Banking at National Bank of Dubai said: "NBD is known for offering a range of flexible banking products to suit the growing needs of this market, particularly with regard to real estate development projects. We are proud to play a leading role in contributing to the development of home financing solutions in the UAE. NBD believes in offering customers sound and credible solutions, which is why we partnered with Reef Real Estate Co. LLC to offer buyers the facility for mortgage financing."
Madina Tower is a distinctive and unique development in the sense that it offers as much as 30% more space in its 1, 2 and 3 bedroom units when compared with similar options in other comparable projects. This not only offers a better class of living to prospective owners but also great value.
"We as a real estate developer believe in offering the best to our customers," explained Sheikh Ahmed. "From small touches such as a spectacular entrance, wood-finish corridors and floor to ceiling windows to facilities such as conference centre, entertainment theatre and a covered - yet open - pool area, we have not spared any expense at the Madina Tower to make it head and shoulders above other projects. Add to that larger living spaces and this is a property that is set to define new standards of luxury for the industry," he added.
Reef Real Estate Investment Co. LLC is also set to launch other developments such as REEF Tower.
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Madina Tower approved for home financing by National Bank Of Dubai
- United Arab Emirates: Saturday, July 23 - 2005 at 16:11
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Madina Tower, the luxury residential development by Reef Real Estate Co. LLC at Jumeriah Lake Towers, Dubai, has received approval by National Bank of Dubai for mortgage financing.
H.H. Sheikh Ahmed Mohammed Al Nahyan, Managing Director of Reef Real Estate Investment Co. LLC with Tariq Al Gurg Divisional Head-Priority Banking at National Bank of Dubai.
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Posted by Anne-Birte Stensgaard, Senior News EditorSaturday, July 23 - 2005 at 16:11 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sun Feb 11 2007.
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About Madina Tower:
To be completed in late 2006, Madina Tower is a 34-storey building offering 1, 2 and 3 bedroom apartments. The apartments have been designed to provide an ideal combination of space and privacy to the residents. The spatial generosity of the apartments allows for very comfortable living. Exclusive finishes have been chosen to compliment this five star living. The designers and architects of the building have taken every environmental concern into account in the selection of materials.
A truly inspirational building with a design that is simple, elegant and functional - all prerequisites for creating a timeless edifice, the interior of Madina Tower is designed to convey quality, luxury, and sophistication.
Amenities in the Madina Tower include The Library Café, the Theatre Room with a 50-inch home theatre system for private screenings, presentations and special viewings and the Business IT Lounge which offers access to several computer stations and fully equipped Board Room for organizing meetings.
On an open terrace at the top of the tower, right below the health club, is the swimming pool and Jacuzzi - set in an exotic environment inspired by island resorts. In the floor above is the health club - a fully equipped spa and gym, accompanied by a juice bar, changing rooms, and relaxation areas. The health club will have a central opening looking down into the terrace and swimming pool below, surrounded by saunas and spa activities, while the gym and exercise areas are located on the outside perimeter for maximum view of the city.
For more details, contact: Ms. Rohini Rego 050-3823556
To be completed in late 2006, Madina Tower is a 34-storey building offering 1, 2 and 3 bedroom apartments. The apartments have been designed to provide an ideal combination of space and privacy to the residents. The spatial generosity of the apartments allows for very comfortable living. Exclusive finishes have been chosen to compliment this five star living. The designers and architects of the building have taken every environmental concern into account in the selection of materials.
A truly inspirational building with a design that is simple, elegant and functional - all prerequisites for creating a timeless edifice, the interior of Madina Tower is designed to convey quality, luxury, and sophistication.
Amenities in the Madina Tower include The Library Café, the Theatre Room with a 50-inch home theatre system for private screenings, presentations and special viewings and the Business IT Lounge which offers access to several computer stations and fully equipped Board Room for organizing meetings.
On an open terrace at the top of the tower, right below the health club, is the swimming pool and Jacuzzi - set in an exotic environment inspired by island resorts. In the floor above is the health club - a fully equipped spa and gym, accompanied by a juice bar, changing rooms, and relaxation areas. The health club will have a central opening looking down into the terrace and swimming pool below, surrounded by saunas and spa activities, while the gym and exercise areas are located on the outside perimeter for maximum view of the city.
For more details, contact: Ms. Rohini Rego 050-3823556
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