TDIC and ADIB Launch Exclusive Home Finance Programme

Tourism Development '&' Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, and Abu Dhabi Islamic Bank (ADIB), launched an exclusive home finance scheme for high-end residential communities on Saadiyat island.

This scheme, which applies to purchases of the luxury Saadiyat Beach Villas, will offer a unique and simple home finance package for potential Saadiyat island residents that includes 100% finance up to AED 30 mi llion repayable over a period of 25 years with a competitive profit rate starting from 4.99%.

Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, stated: "We are pleased to partner with such a credible financial institution as ADIB to launch this attractive and very exclusive home finance opportunity for the home buyers. This gives prospective homeowners an option of up to 100 percent financing as well as the opportunity of owning a home in one of Abu Dhabi's most prestigious residential communities on Saadiyat island." The properties developed by TDIC on Saadiyat, which present excellent residential and investment opportunities, have witnessed great success due to their distinctive offerings, exclusive lifestyle and flexible financing schemes. These include Saadiyat Beach Villas, which to date, have sold out 80 per cent of its first two phases of its high-end luxury homes, and The Residences at The St. Regis Saadiyat Island Resort - consisting of a prestigious collection of 32 exclusive villas and 259 apartments - which leased out 98 per cent of its apartments dedicated for leasing.

TDIC is currently studying the launch of the third phase of the Saadiyat Beach Villas as a result of strong demand witnessed in the project's first and second phases. This exclusive upscale community comprises 354 villas which began to be delivered earlier in 2012 and are in the process of being entirely handed over by the end of the year. The project features high-end luxury homes in gated communities consisting of landscaped parks, play areas for children, swimming pools, state-of-the-art gymnasiums, and basketball and squash courts.

"This offer comes at a perfect time as we are witnessing an increased demand for our properties by prospective homeowners, reflective of the great prospects being brought about from the current real estate market. Saadiyat's diverse residential offerings are truly spectacular as they have gained a reputation for their prime location, distinguished architectural designs and exquisite finishing," said Al Fahim.

Saadiyat is becoming an increasingly appealing hotspot for residents, visitors and tourists with its prestigious residences, cultural attractions, high-class sport and leisure venues, vibrant beach lifestyle, and world-renowned hospitality brands such as the St. Regis, Monte Carlo and Park Hyatt. The world-class museums designed by Pritzker Prize-winning architects which will open on the island - starting with the Louvre Abu Dhabi in 2015, and followed by Zayed National Museum in 2016 and Guggenheim Abu Dhabi in 2017 - are attracting prospective homeowners who want to be part of Saadiyat's beautiful and inspirational community.

Much of the island's up-to-date residential development has been on Saadiyat Beach District where this ultimate tourism hotspot currently hosts a number of high-end properties with a superb mix of luxury villas, high-end townhouses and elite apartments. The district, which houses Saadiyat Beach Villas and The Residences at The St. Regis Saadiyat Island Resort, is also home to Saadiyat Beach Residences which have been developed to high quality standards and are set across six low-rise apartment buildings situated in a private gated community that are being developed in two phases consisting of 495 residences.

In close proximity is the Saadiyat Beach Golf Views, an area situated in the heart of the island's championship golf course with limited land plots for sale that are giving potential homeowners an exclusive opportunity to build their dream homes. "Our aim is to support Abu Dhabi's growing real estate sector by strategically identifying the market's needs; therefore, each of the company's residential projects is positioned to appeal to a wide range of discerning homeowners and tenants," concluded Al Fahim.