Falconcity of Wonders, ADCB sign agreement

DUBAI — Falconcity of Wonders, an ambitious falcon-shaped tourist and recreational city being set up within Dubailand beside the Emirates Road and Al Ain Road, has signed an agreement with Abu Dhabi Commercial Bank (ADCB), to finance properties developed within the project.

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Published: Sun 9 Jul 2006, 11:12 AM

Last updated: Tue 23 Jul 2024, 11:51 AM

The agreement was signed between Salem Almoosa, Chairman and CEO of Falconcity of Wonders, and Eirvin Knox, CEO of Abu Dhabi Commercial Bank. The strategic partnership between the two entities is aimed at providing an attractive finance option to investors of the various properties being developed within Falconcity of Wonders.

The mortgage scheme is open to all UAE nationals with a minimum salary of Dh8,000, and all expatriates with a minimum salary of Dh10,000. Salaried applicants can avail up to 90 per cent financing, while self-employed applicants could receive up to 75 per cent financing.

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