The tie-up between NBD and Dubai Properties makes available to customers special terms for financing the purchase of standard and special 3-bedroom and 4-bedroom apartments in Tower 'H' of The Executive Towers. This exclusive arrangement allows customers to finance their dream home with a zero percent interest and zero repayments (until the building is completed, or until 31st of December 2007, whichever comes first). NBD Home Loans for Tower 'H' of The Executive Towers are available for 85 percent of the purchase price of the property up to a maximum of AED 4 million, and for a period of upto 20 years.
"We are delighted to offer preferential terms on NBD Home Loans for The Executive Towers project," said Suvo Sarkar, Head of Retail Banking, National Bank of Dubai "We encourage our customers to take advantage of this once-in-a-lifetime opportunity to own a dream home."
"Tower 'H' of Executive Towers is a premium residential tower within Business Bay and Dubai Properties is proud to announce this exclusive financial arrangement with NBD," said Hashim Al Dabal, CEO, Dubai Properties.
"This arrangement gives end-users the chance to buy a home with unparalleled financing terms from NBD, in an excellent location, in The Executive Towers just off Sheikh Zayed Road," said Shahab Lutfi, Business Development Director, Business Bay.
All NBD Home Loan customers also get a chance to win either US Dollar One Million in cash or a luxury car, through automatic participation in the Dubai Duty Free raffles. A free-for-life NBD Credit Card is also pre-approved for all Home Loans customers.
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National Bank of Dubai announces zero interest home loans for Business Bay apartments
- United Arab Emirates: Monday, November 07 - 2005 at 11:56
- PRESS RELEASE
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National Bank of Dubai announced today the launch of an exclusive arrangement with Dubai Properties to finance apartments purchased in Tower 'H', a premium residential family tower in The Executive Towers project of Business Bay, the future business capital of the region.
Suvo Sarkar, Head of Retail Banking, National Bank of Dubai and Hashim Al Dabal, CEO, Dubai Properties.
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Posted by Anne-Birte Stensgaard, Senior News EditorMonday, November 07 - 2005 at 11:56 UAE local time (GMT+4)
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Further information on NBD Home Loans for The Executive Towers is available at all NBD branches or through the NBD Call Center on 04-3100222.
About the National Bank of Dubai
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 40 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.
Press release issued on behalf of the National Bank of Dubai by Hill & Knowlton Dubai.
About Dubai Properties
Dubai Properties has been created by Dubai Holding Group with the express aim of conceiving niche, large-scale development projects and transforming that vision into reality. It has also been tasked with the management of existing projects and ensuring their upgrade and expansion as and when required.
The clutch of projects that Dubai Properties has inherited includes the sprawling Dubai Healthcare City, the expansions at Dubai Media City and Dubai Internet City and the AED 6 billion Jumeirah Beach Residence, the largest single-phase residential and commercial project in the world.
Dubai Properties was formed from the core group that sparked off the latest phase of development in Dubai. The team is the same that created landmark projects such as the Dubai Internet City and the Dubai Media City and which is currently overseeing the transformation into reality of the last major Jumeirah beachfront community development, the 1.7 kilometre long Jumeirah Beach Residence.
Dubai Properties is a well-established firm that will become the leading property development corporation in the region. The launch of Dubai Properties is in line with the expansion of the ever-growing property sector in the United Arab Emirates.
About the National Bank of Dubai
Founded in 1963, the National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Recognized as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike.
Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's 'Private Office' provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, the National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also recently launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD presents their customers with automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), and an SMS based service (NBD Mobile). With a comprehensive card portfolio that provides an array of benefits, the National Bank of Dubai has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.
The National Bank of Dubai currently has an extensive branch network that includes 40 branches throughout the UAE. In addition, NBD also has a branch in London and a representative office in Tehran.
Press release issued on behalf of the National Bank of Dubai by Hill & Knowlton Dubai.
About Dubai Properties
Dubai Properties has been created by Dubai Holding Group with the express aim of conceiving niche, large-scale development projects and transforming that vision into reality. It has also been tasked with the management of existing projects and ensuring their upgrade and expansion as and when required.
The clutch of projects that Dubai Properties has inherited includes the sprawling Dubai Healthcare City, the expansions at Dubai Media City and Dubai Internet City and the AED 6 billion Jumeirah Beach Residence, the largest single-phase residential and commercial project in the world.
Dubai Properties was formed from the core group that sparked off the latest phase of development in Dubai. The team is the same that created landmark projects such as the Dubai Internet City and the Dubai Media City and which is currently overseeing the transformation into reality of the last major Jumeirah beachfront community development, the 1.7 kilometre long Jumeirah Beach Residence.
Dubai Properties is a well-established firm that will become the leading property development corporation in the region. The launch of Dubai Properties is in line with the expansion of the ever-growing property sector in the United Arab Emirates.
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