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New home loan from Doha Bank and Capital Investment
Doha, 21 February 2008: Capital Investment CEO Hafsa Al Alma and Doha Bank CEO, R. Seetharaman recently announced a new financing agreement to offer a new home loan to buyers of Asteco's danatQatar.
Buyers of danatQatar, situated in the Pearl Qatar, are now able to purchase an apartment through a mortgage with Doha Bank, as well as several other leading banks in Qatar, offering new home buyers and investors a greater degree of flexibility when choosing property financing.
The new home loan is available to both local and expatriates at an attractive interest rate of only 7% p.a. with a minimum QR 100,000 down-payment and with no monthly payments due until receipt of their apartment. Buyers also benefit from a 30 year repayment tenure; currently the longest repayment period in the market.
Asteco Qatar General Manager, David Oayda stated 'Demand for free-hold real estate is on the increase and Asteco's decision to offer danatQatar through a range of banks, comes as part of a continuing effort to provide added-value to our customers.'
Not only is danatQatar one of the most competitively priced options on the market but we are now uniquely able to offer a range of mortgage options, including this 30 year repayment option to our buyers, ensuring they have the best opportunity to buy a new home in this prestigious development' he said.
Situated in the Porto Arabia district of the prestigious Pearl Development, danatQatar is Asteco's flagship development in Qatar. The development will deliver an unrivalled living experience to its buyers, boasting sea or lagoon views for all apartments as well as state of the art facilities.
Those interested in buying a danatQatar apartment through the new Doha Bank home loan offer may contact Asteco on 449 7700 or Doha Bank on 445 6000.
Homebuyers can also find out more at any branch of Doha Bank, including the newly inaugurated City Centre Branch, with specialised mortgage advisors on hand in its real estate lounge, or by logging on to dohabank.com.qa
Doha Bank is also running a Grand Draw, giving five customers the chance to win back their down-payment.
Stage two of danatQatar is currently underway, with 60 units initially on offer from the 230 available in total. The development is scheduled for completion in April 2009.
Asteco is an international property services company based in Dubai and is the UAE's leading property services consultancy with over 5,000,000sq ft of real estate under their management, including The Palm, Jumeirah development in Dubai. Asteco offers complete property agency services including leasing and sales, development advice, property management and marketing and feasibility studies for residential, commercial and retail developments.
Capital Investment is an international investment and real estate development company, involved in the full service value chain of real estate investments, encompassing development, investment and fund management across the residential, commercial, retail, mixed use and hospitality spectrum in the GCC and MENA region, as well as selective markets in Europe and the Indian Ocean.
Doha Bank Doha Bank is one of the largest banks in Qatar having a dominant position in Qatar banking landscape with 28 conventional branches, 4 Islamic branches, 10 e-branches, 5 pay offices, more than 100 ATMs in Qatar, existing overseas branches in New York and Dubai, rep offices in Turkey, Japan, Singapore, Romania and China, and an extremely strong network of correspondent banking relationships. As the best performing bank in the Middle East, Doha bank has been consistently maintaining the best performance ratios.
Doha bank provides comprehensive range of banking services for different customer segments, unmatched in Qatar. In Retail Banking segment, it has offerings for all conceivable personal needs of individuals requiring financing support, savings and investment options. The Bancassurance offers comprehensive products for individuals and group, Islamic takaful, and cover for all types of commercial requirement of corporate entities. Doha Islamic, the Islamic banking unit of Doha Bank offers a comprehensive range of products addressing diverse needs for individuals and corporates.
Doha bank has been applauded by respected financial sector analysts for its pioneering and leadership role in taking Banking experience in Qatar to new heights. Banker Middle East has adjudged Doha Bank as the 'Best Bank in Middle East - 2006'. In addition, Doha Bank has also bagged the Euro money award for excellence 2005, Banker Middle East award as the 'Best commercial Bank in Middle East – 2005 and 2007'
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