Prospective homeowners to have assured choice of conventional and Sharia-compliant mortgage finance - Deals signed with Aseel Finance, ADCB and RAKBANK.

Sorouh Real Estate PJSC, one of Abu Dhabi’s leading real estate developers, today announced that it has signed agreements with three established financial institutions to help investors in The Gate Towers find conventional and Sharia-compliant mortgages. The agreements signed with Aseel Finance, ADCB and RAKBANK underline Sorouh’s commitment to supporting prospective homeowners in offering a range of finance options for its properties.

Aseel Finance, ADCB and RAKBANK are some of the leading finance institutions in the UAE, and their mortgage products for The Gate Towers will ensure that customers can finance their properties quickly, easily and with full confidence.

Commenting on the partnerships, Mounir Haider, CEO, Sorouh Real Estate PJSC, said:
“These agreements with three prominent banks in Abu Dhabi underline the strength of The Gate Towers project and the attractiveness of the development to investors and homeowners alike. The successful launch of sales of The Arc, the last of four residential towers in the Gate District, shows that there is a strong demand for this landmark development.

“Construction has already begun on The Gate Towers, which form part of The Gate District at the entrance to SHAMS Abu Dhabi on Reem Island. The Gate District and SHAMS Abu Dhabi are now beginning to take shape and can be seen rising clearly into view from the mainland. The Gate Towers project is on track for completion in 2012.”

Sorouh has partnered with Tameer Holding Investment LLC to develop the six iconic structures which make up The Gate Towers. When completed in 2012, The Gate Towers will comprise four residential towers with well-appointed accommodation ranging from luxurious penthouses to one, two and three bedroom flats, many of which have spectacular views across the island and out to sea. Residents of The Gate Towers will have access to state-of-the-art facilities including a shopping mall, and luxury sports and leisure amenities.

Part of The Gate Towers, Commercial Towers will offer businesses the opportunity to share this landmark location, complete with the latest technology and executive accommodation. Facilities for professionals at Commercial Towers will include a luxurious international hotel and serviced apartments, a dedicated business center, meeting rooms and conference facilities.

SHAMS Abu Dhabi will be a completely new self-sustaining city designed around canals and parks which integrates world-class master planning practices and extends the lush green of Abu Dhabi’s landscape. In addition to The Gate Towers, SHAMS Abu Dhabi will feature several other unique projects including Central Park, Sky Tower, Sun Tower and Marina, and The Gate District.

For more information about The Gate Towers, go to: www.thegatetowers.com

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