Mubasher: Eagle Hills has signed a partnership agreement with the National Bank of Fujairah (NBF) for a collaboration that offers mortgage solutions and special payment methods to customers interested in owning property in Address Fujairah Resort + Spa.
The Abu Dhabi-based private real estate investment and development company Eagle Hills noted that this joint agreement allows investors and customers to purchase two-, three-, and four-bedroom fully furnished, serviced, and branded apartments in Address Fujairah Resort + Spa, according to a press release on Monday.
NBF’s partnership with Eagle Hills offers a number of features including, 15% payment during construction, comprising 5% down payment, and 10% in monthly installments until handover.
Additionally, this agreement offers 15% in monthly installments post-handover with 0% interest provided by Eagle Hills over four years, while the remaining 70% will be mortgaged over a period of up to 25 years by NBF, which is listed on the Abu Dhabi Securities Exchange (ADX).
CEO of Eagle Hills 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.”
Address Fujairah Resort + Spa is expected to become one of the leading residential and holiday destinations across the UAE, with its latest luxury developments by Eagle Hills.
NBF’s CEO Vince Cook commented, “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.”
