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Abu Dhabi Commercial Bank offers mortgages for Indigo Group developments

  • United Arab Emirates: Wednesday, March 29 - 2006 at 10:35
  • PRESS RELEASE

Abu Dhabi Commercial Bank (ADCB) has joined forces with Jumeirah Properties Investment Ltd (B.V.I.) and Emirates Properties Investments Ltd (B.V.I.) to offer mortgages on two prestigious new developments.

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  • Left to right Ramesh Sawlani Director JPIL & EPIL, Mahesh Tourani Director JPIL & EPIL, Hassan Jarrar, Sr Vice President and Head - Commercial Banking Division, ADCB, Anand Lakhiani Director JPIL & EPIL, Sunil Khubchandani Director JPIL & EPIL
    Left to right Ramesh Sawlani Director JPIL & EPIL, Mahesh Tourani Director JPIL & EPIL, Hassan Jarrar, Sr Vice President and Head - Commercial Banking Division, ADCB, Anand Lakhiani Director JPIL & EPIL, Sunil Khubchandani Director JPIL & EPIL
Businesses will be able to use Abu Dhabi Commercial Bank's range of mortgages to purchase commercial offices at Indigo Tower and Indigo Icon, located at Jumeirah Lake Towers.

The bank is offering commercial mortgages of up to 75 per cent of the cost of a property, with tenors of up to 15 years. Businesses will receive a personalised service from a specially allocated Relationship Manager who will guide them through the mortgage process.

Hassan Jarrar, Head Business Banking Group, ADCB, said: "We are pleased to associate ourselves with, and add Indigo Tower and Indigo Icon to the list of prestigious developments to work with".

Indigo Tower is a prestigious residential and commercial development designed by Atkins that enjoys a prime position at Nakheel's Jumeirah Lake Towers in the area being dubbed 'New Dubai'. Construction is now in the advanced stages.

Indigo Icon, also under construction at Jumeirah Lake Towers, is a 34-storey office development that will offer stunning views across the surrounding lakes and waterways. It promises to be a stunning addition to Dubai's skyline with its 'A' shaped structure and Indigo coloured glass.

"This partnership will enable us to continue to offer high quality, value-added service to our customers," said Mahesh Tourani, Director, Emirates Properties Investment Ltd (B.V.I.).
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Notes and media contacts

Jumeirah Properties Investment Ltd (B.V.I) and, Emirates Properties Investment Ltd (B.V.I.), are real estate development companies whose directors are Ramesh Sawlani, Anand Lakhiani, Mahesh Tourani and Sunil Khubchandani.

For further press information please contact:
Angela Chadwick / Tony Lewis
Total Communications
Tel: + 971 4 336 9909
Fax: + 971 4 336 9905

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