EAGLE HILLS PARTNERS WITH NATIONAL BANK OF FUJAIRAH TO OFFER MORTGAGE SOLUTIONS FOR ADDRESS FUJAIRAH RESORT + SPA
Project to offer 2, 3 & 4 bedroom apartments with special payment plans
Property provides access to pristine beaches, diving spots and offers stunning sea views
Eagle Hills, an Abu Dhabi-based private real estate investment and development company, has announced its collaboration with the National Bank of Fujairah (NBF) to provide mortgage solutions and special payment plans to customers interested in buying 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% payment during construction, comprising 5% down payment and 10% in monthly installments until handover
- 15% in monthly installments post-handover with zero interest provided by Eagle Hills over a period of four years
- The remaining 70% 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
Low Ping, CEO of Eagle Hills, 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.”
In line with the tourism and hospitality goals of the emirate of Fujairah, the 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.
Vince Cook, NBF’s CEO 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 programs. 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.”
Renowned for its pristine beaches, diving spots, historic structures and stunning views of the Hajar mountains, Fujairah attracted approximately 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.
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg Company LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 by Moody's and BBB+ / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol "NBF". It has a branch network of 15 across the UAE.
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