Abu Dhabi’s real estate investment and development firm Eagle Hills and the National Bank of Fujairah (NBF) inked a cooperation agreement on April 1 to offer mortgage solutions and special payment plans to clients keen on owning property in Address Fujairah Resort + Spa, UAE, Invest-Gate reports.

Investors and clients, as per the deal, will be able to buy fully furnished, serviced, and branded apartments, ranging between two-, three-, and four-bedroom units, while benefitting from various payment methods, Eagle Hills revealed in a recently released statement.

Such facilitated features include 15% payment during construction, comprising 5% down payment and 10% in monthly installments until handover, in addition to paying 15% in monthly installments post-handover with 0% interest, provided by Eagle Hills over four years, while the remaining 70% will be mortgaged over 25 years by NBF, according to the statement.

Speaking of the initiative, CEO of Eagle Hills Low Ping said, “This partnership between Eagle Hills and NBF has been forged with the aim of easing the payment structure for our valued customers, making it simpler and more affordable. With bespoke mortgage solutions, we ultimately look to provide flexible schemes that will help buyers own a new home with 5-star amenities and a premium lifestyle.”

Meanwhile, NBF’s CEO Vince Cook remarked, “With the launch of the Fujairah 2040 Plan in 2015, the emirate is experiencing a major boost to its infrastructure and public services which will attract investors to tap into tourism-linked real estate developments.”

The Address Fujairah Resort + Spa is a luxury development, aimed at bringing quintessential sophisticated living to the coastal emirate. It is scheduled to be complete by 2019 and will comprise 196 rooms with a range of five-star amenities and four residential buildings, comprising 172 branded apartments, five beach villas, and five garden villas. The development also features a 500-meter promenade, beach access, and a unique plaza.