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Visitors study a model of the Al Ain Mall Expansion project by Al Farida Investment Company on the opening day of Cityscape at the Abu Dhabi National Exhibition Centre last year. Image Credit: Gulf News archive

Abu Dhabi: Abu Dhabi Finance, the Emirate's fastest growing home-finance provider, has launched a special promotion for the Cityscape Abu Dhabi exhibition in which all new applicants will receive a waiver of Dh3,000 on the application fee and vouchers worth Dh5,000 from THE One.

The special promotion will apply to all new applications received between April 15 and May 15.

Abu Dhabi Finance's stand at Cityscape Abu Dhabi will be equipped with private meeting rooms where professional mortgage advisers will be on hand to offer advice and guidance on home loans in the UAE.

Prospective home buyers can also make an appointment to meet with a mortgage adviser at a later date at the Abu Dhabi Finance service centre, or in the comfort of their own homes or offices.

Benefits

Abu Dhabi Finance offers the lowest interest rates in the UAE, starting from 5.75 per cent, and offers a host of other benefits, including a loan-to-value ratio of up to 85 per cent, mortgage tenures of up to 30 years, and a range of repayment options, including the choice of having a one-month paid holiday each year.

Ali Eid Al Muhairi, Chairman of Abu Dhabi Finance said: "Abu Dhabi continues to develop and grow as a hub of culture, commerce and investment in line with the vision presented in Plan Abu Dhabi 2030, which is driving the demand for residential properties in the UAE capital.

"Abu Dhabi Finance is ideally placed to support this development by offering affordable [and] service-focused mortgages to applicants from all backgrounds."

He added: "We have an impressive stand this year and we are looking forward to meeting end-users as well as our partners and industry peers here."

"The property market in Abu Dhabi is on the cusp of mass delivery of high-quality residential properties, with hundreds of new properties on Reem Island and Al Raha Beach on the verge of completion, and we know there is a latent demand from prospective owner occupiers currently in rented accommodation.

Turnout

As our Cityscape promotion reduces the cost of entry and gives these prospective owner occupiers a helping hand with furnishing their new homes thanks to vouchers from THE One, we expect to see many enquiries over the four-day exhibition and in the coming month," Philip Ward, CEO of Abu Dhabi Finance, said.

Since its launch in Nov-ember 2008, Abu Dhabi Finance has extended its reach and now covers more than 70 per cent of the Abu Dhabi market.

The mortgage-provider offers finance for a full range of properties, from studio apartments to exclusive villas, including in Reem Island, Saadiyat Island and Abu Dhabi Island.