German realty firm ties with Mashreq for home loan for its properties

14/12/2007

A leading German Real Estate Developer, Bavaria Gulf, has commenced the Sandoval Apartments at Jumeirah Village. As publicized, it turned out to be one of Dubai's 1st mid-segment realty developer to sign a home loan agreement for all its existing and future projects with Mashreq, as one of the largest private banks in the Middle East. Through customized home loan packages, Mashreq customers will take advantage to enjoy of up to 90% on its sales price, for all existing and on the future project of Bavaria Gulf. And with an interest rates for up to 25 years.

Dr. Shahriar Daneshjoo, Chairman, Bavaria Gulf, said, “Our partnership with Mashreq, one of the largest private banks 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”.

Dubai-based Mashreq will offer customers of Bavaria Gulf real estate firm a variety of convenient financing options with attractive rates in addition to other benefits such as the lowest down payments and giving them the benefit of owning the property of their dreams.

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