Abu Dhabi Finance to fund new Hydra projects

Abu Dhabi: Abu Dhabi Finance, a mortgage provider, signed a memorandum of understanding with Hydra Properties, a privately owned real estate developer, to finance its new Hydra Village and Hydra Avenue developments.

Hydra Village, located in Abu Dhabi’s Shahama area, consists of 448 residential units of villas and town houses, whereas Hydra Avenue, which is on Reem Island, consists of 906 studios, and one- and two-bedroom apartments.

Both developments are complete and sales have already begun.