Trident forges alliance with ADCB to offer mortgage finance for its customers

ADCB's finance offering of up to 90% to Trident investors will be one of the highest for residential projects being developed by a private developer. Along with this, the bank will also offer very competitive rates as compared to the prevailing market rates. This will facilitate hassle-free ownership of homes for all Trident investors seeking finance options including UAE nationals & residents as well as GCC and other overseas investors in compliance with ADCB's requirements. The tenure will vary over a span of a maximum period of 25 years based on the eligibility criteria.

Speaking at a signing ceremony, Mr. Wazir Daredia, Executive Director & CEO - Trident International Holdings said:

"As a developer we have always focused on all aspects of our business and looked for opportunities to value add to our customers. ADCB, as a leading financial institute will contribute significantly to our customer base through providing flexible financing options as well as efficient services."

Commenting on the tie up, Mr. Ala'a Eraiqat, Head-UAE Banking at ADCB said, "We are happy to partner with Trident International Holdings to provide finance for all their current projects. All Trident's developments have been conceived with much attention to detail and have set bench marks in the sector. With our proven track record in mortgage financing, we look forward to offer our best service to all Trident's customers."

Trident International Holdings have thus far launched four luxury freehold residential projects all located at the Dubai Marina. The Waterfront is a boutique 20-story tower that is nearing completion. The second project is the twin tower Marinascape comprising of two grand residential towers, the 35 storey 'Oceanic' and the 25 storey 'Avant' towers, cumulatively comprising of over 200 waterfront condominiums along with Marina Homes. Bayside Residence is the third project that shoots up 22 floors, while Trident Grand Residence is the latest 45 story project comprising of 253 magnificent condominiums & luxury penthouses.

Trident International Holdings is a global group engaged in diversified corporate activities with presence in major cities world wide. TIH was incorporated with a committed focus on up market and super luxury living and has since revolutionized this concept of 'luxury living' in the Middle East. Trident has pioneered some bold concepts related to up market luxury living, most of which are benchmarks in the industry.