Abu Dhabi Finance, the emirate’s fastest growing new home finance provider, has rolled out special mortgage solution called ‘Advantage’ to mark its first anniversary.

The mortgage, developed exclusively for Marina Square properties, offers a 1.1 per cent discount off prevailing interest rates for one year (rates starting from 7.15 per cent onwards).

The ‘Advantage’ mortgage includes a special Abu Dhabi Finance additional benefit that includes an Dh10,000 ($2722) voucher from “The One”, the UAE’s leading Home Fashion store, for every new client who intends to live in the property.

The special gift will help clients furnish their properties when they are handed over by the second quarter of 2010.

The promotion covers Tala Tower, Marina Heights I and II, Ocean Terrace and RAK Tower.

Philip Ward, chief executive officer of Abu Dhabi Finance, said: 'Marina Square promises to become one of the most attractive new off-island communities in Abu Dhabi. As the development is steaming ahead, we expect to see the first residents moving in within months.'

'We have developed this special promotion to coincide with our first birthday celebrations, and we are offering some of our most attractive rates since launch. We expect ‘Advantage’ to resonate with Abu Dhabi residents who are looking to live in their own home,' Ward noted.

'With the completion of many high quality properties in Marina Square and the availability of great value finance, we are confident that we will see a lot of activity in the coming months,' he added.

Clients applying for the ‘Advantage’ mortgage pay no application fee up front and pay a low mortgage processing fee of 0.75 – 1.00 per cent. The offer is applicable to selected properties developed by Sorouh, Profile Group, Mismak, and RAK Properties, Ward stated.

Abu Dhabi Finance launched in November 2008 and has grown to cover more than 70 per cent of the property market in Abu Dhabi in its first year of operation.

Developers currently covered include Aldar Properties, Sorouh Real Estate, Tourism Development and Investment Company, Capitala, Green Emirates Properties, Profile Group Properties, and RAK Properties.

Marina Square is a self contained residential and commercial community built around a circular marina on Reem Island. The community, which is master developed by Tamouh, will house all facilities and amenities expected from such a prestigious development.-TradeArabia News Service