Al Hamra Real Estate Development (AHRED) of Ras Al Khaimah, UAE, said it has signed a new partnership deal with Abu Dhabi Commercial Bank (ADCB), a first for the property developer, to provide mortgage facilities for its expanding portfolio of projects.

The agreement will see ADCB offer mortgage provision for the Emirati group's flagship Bayti development, as well as all existing villas and apartments in the gated community, with tailored loan packages for approved, qualified customers looking to secure a home or investment in the northern emirate.

Bayti, which features a sustainable community of 162 townhouses, is nearing completion.

The spacious three and four-bedroom townhouses (258 to 372 sq m), are attractively priced and are set amidst three parks, with the championship golf course, a 1.5-km private beach and a 200-berth marina a short stroll away.

"Our partnership with ADCB not only adds a new dimension to our overall investor offering, but is also testament to our reputation as a credible, quality-led developer with a proven track record of on-time, on-spec and on-budget delivery," remarked Barry Ebrahimy, the head of commercial, AHRED.

"It also serves to reinforce our commitment to support market demand and develop a masterplan that is putting Ras Al Khaimah on the map as an attractive investment destination," he stated.

The northernmost emirate in the UAE, Ras Al Khaimah has been a leading player in real estate development outside traditional investment areas such as neighbouring Dubai, with established communities such as Al Hamra Village continuing to attract strong investor and tenant interest, by offering value, higher yields and an attractive and affordable rental alternative.

“Our decision to work with ADCB brings with it numerous benefits that directly reflect AHRED’s commitment to service excellence, with the bank team providing professional mortgage consultancy services to new and existing investors,” said Ebrahimy.

The Royal Breeze Residences offer a shoreline lifestyle spread across five residential towers with apartments and penthouses offering 42 up to 670 sq m of space complemented by stunning Arabian Gulf or tranquil golf course views, and featuring a private beach, gym and access to exclusive community facilities.

"The partnership with ADCB is very much focused on the customer and offers a range of benefits when buying a home in Al Hamra Village," said Ebrahimy.

"As such home owners will be able to avail capital release for fully paid ready homes to invest in our newest developments including the exclusive Bayti homes and the Royal Breeze Residences," he added.-TradeArabia News Service