- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Abu Dhabi Commercial Bank (ADCB) and Saadiyat Development and Investment Company (SDIC) have signed a customer financing agreement for Hidd Al Saadiyat, a luxury residential development on Saadiyat Island in Abu Dhabi. As part of the agreement, Hidd Al Saadiyat homeowners will have access to mortgage products from ADCB and Ijarah financing options.
Covering 1.5 million sq m of land with 7km of beaches, the Hidd Al Saadiyat project will consist of 452 villas, with commercial centres, hotels, apartments, beach clubs and other amenities.
''The strategic partnership will allow us to extend our financial solutions conventionally to customers who desire owning their dream home in one of the region's most luxurious beachfront communities,'' said Arup Mukhopadyay, Head of Consumer Banking at ADCB. ''This tie-up brings together our bank's product suite and service excellence with a world-class real estate company.''
Combining modern and traditional Mediterranean designs, Hidd Al Saadiyat blends natural landscape with sustainably designed villas, apartments, retail space, hotels and schools. The project has obtained Estidama Pearl 2 rating for compliance with Abu Dhabi's sustainability standards of new projects.
''Hidd Al Saadiyat residential development has evoked tremendous interest among UAE nationals as well as other communities,'' said Mubarak Al Khaili, SDIC Board Member.
Source: Property Weekly