Bavaria Gulf ties up with Mashreq
Filed Under Curt Flood | Posted on December 14, 2007
(MENAFN Press) Following the successful launch of its designer boutique apartments, Sandoval Apartments at the Jumeirah Village, Bavaria Gulf, leading German real estate developer, Bavaria Gulf, today announced that it had become one of Dubai’s first mid-segment developers to sign a home loan agreement for all its existing and future projects with Mashreq, leading bank in the UAE. Commenting on the occasion, Dr. Shahriar Daneshjoo, Chairman of Bavaria Gulf, said: “Since its inception, Bavaria Gulf has emerged as a leading quality developer of residential real estate solutions in Dubai targeting the mid-segment of the market. Our partnership with Mashreq, one of the largest private bank’s in the Middle East, for mortgage loans, not just validates our well earned market credibility, but will also enables buyers to avail world-class home financing, making acquisition of property with Bavaria Gulf a hassle-free experience.”As part of the agreement, Mashreq customers’ will benefit from customized home loan packages and enjoy up to 90% on sales price for all existing and future Bavaria Gulf project with attractive interest rates for up to 25 years. “We are extremely pleased to tie-up with Bavaria Gulf, a leading real estate developer,” said Nabeel Malik, Chief Marketing Officer - Mashreq. “Today is yet another testimony of our ongoing commitment to reach out to all our customers by offering them the best in products and services.”Mashreq will offer Bavaria Gulf customers a variety of convenient financing options with attractive rates in addition to other benefits some of which includes the lowest down payments and giving them the benefit of owning the property of their dreams.
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