Eagle Hills inks deal with National Bank of Fujairah
Eagle Hills, an Abu Dhabi-based real estate investment and development company, said it has collaborated with the National Bank of Fujairah (NBF) to provide mortgage solutions and special payment plans for those buying its property in Address Fujairah Resort + Spa.
The partnership allows investors and customers to purchase two-, three- and four-bedroom fully furnished, serviced and branded apartments, benefitting from the following features:
*Only 15 per cent payment during construction, comprising 5% down payment and 10% in monthly installments until handover
*15 per cent in monthly installments post-handover with zero interest provided by Eagle Hills over a period of four years
*The remaining 70 per cent will be mortgaged over a period of up to 25 years by NBF, which will also offer expedited approvals and no restrictions on the number of units purchased.
Speaking at the signing ceremony, CEO Low Ping said: "This partnership between Eagle Hills and NBF has been forged with the aim of easing the payment structure for our valued customers, making it simpler and more affordable."
"With bespoke mortgage solutions, we ultimately look to provide flexible schemes that will help buyers own a new home with 5-star amenities and a premium lifestyle," she stated.
"In line with the tourism and hospitality goals of the emirate of Fujairah, Address Fujairah Resort + Spa is set to become one of the UAE’s leading residential and holiday destinations. The project is one of the latest luxury developments by Eagle Hills, offering a five-star experience to residents and visitors alike," added Ping.
NBF’s chief executive Vince Cook said: "We are happy to partner with Eagle Hills and provide their customers access to special mortgage facilities in addition to a host of innovative solutions and value-added mortgage programmes."
"This partnership highlights our commitment to supporting our home emirate’s growth and contributing to cementing its position as a preferred travel and tourism hub. With the launch of the Fujairah 2040 Plan in 2015, the emirate is experiencing a major boost to its infrastructure and public services which will attract investors to tap into tourism-linked real estate developments," he noted.
Renowned for its pristine beaches, diving spots, historic structures and stunning views of the Hajar mountains, Fujairah attracted 800,000 tourists in 2018 and it continues to boost economic activities.
Complementing the emirate’s ongoing developmental efforts in the real estate and hospitality sectors, Address Fujairah Resort + Spa - with its five-star hotel, beach and garden villas and branded apartments serviced by the signature hospitality brand, is among the leading brands adding world-class facilities to the Emirate’s ever-evolving landscape.
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