Damac Properties signs mortgage facilities deal with ADCB

Facility from ADCB allows buyers to enjoy convenient payment plans

20/09/2014 01:22 AST

Damac Properties said on Thursday it has signed a mortgage facilities deal with Abu Dhabi Commercial Bank (ADCB), for clients looking to buy properties in the 42 million sq feet golf community Akoya.

The mortgage facility from ADCB allows buyers to enjoy convenient payment plans of up to 25 years tenure and with attractive rates fixed for the first 5 years, subject to 50 per cent upfront down-payment.

Dubai’s house prices continued to grow this year, with the latest report by Colliers International suggesting values were up 20 per cent year-on-year in the second quarter of 2014.


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