NewswireTODAY - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/06/03 - Company launches two new projects in the Emirate of Abu Dhabi. After the successful launch of its first project Jumeirah Bay in Dubai, First Gulf Bank (FGB) announced the launch of two major developments in the emirate of Abu Dhabi - FGB.ae.

First Gulf Bank Makes its Debut in Abu Dhabi Real Estate Market. Company launches two new projects in the Emirate of Abu Dhabi.

After the successful launch of its first project Jumeirah Bay in Dubai, First Gulf Bank (FGB) announced the launch of two major developments in the emirate of Abu Dhabi: Ocean Terrace and Seashore Villas.

Ocean Terrace Residence is a 99-years leasehold tower project which will be located in the first phase of the Reem Island in Abu Dhabi. Seashore Villas, meanwhile, is a unique modern style villa community located at the Officer's City in Abu Dhabi.

The 43 level high Ocean Terrace Residence will be located in the D-section of the Reem Island within a unique bay that will offer a complete living experience with lush green open spaces, unrestricted access to the bay, and a host of social and sport facilities. Ocean Terrace Residence's 1, 2 and 3 bedrooms apartments aim to provide a special outdoor environment complimented by state-of-the-art in-house amenities, ensuring comfort and a healthy lifestyle.

During the press conference of the debut, Ibrahim Eskiocak, Head of FGB's Real Estate Department said "First Gulf Bank has proven its reliability and quality to its customers over the years and we intend to use these strengths as a foundation for our new venture. We intend to make the entire home buying process as stress free as possible, by introducing mortgage specialists who are committed to finding the best rate and best mortgage loan for our buyers."

FGB will be offering Islamic Finance and mortgages up to 90% of the value of the residences.

Seashore Villas on the other hand is a project aimed at local buyers. The modern style villas will offer a contemporary lifestyle with 2, 3 and 4 bedroom villas. Seashore Villas also have an extensive leisure area which includes a community center, child care centre, tennis courts, squash courts and many other facilities. This project is expected to be completed by the end of 2006 and is ready for occupation, as early as February 2007.

Eskiocak added "First Gulf Bank is a name synonymous with trust and expertise. These attributes form the foundation of our real estate venture, assuring our buyers of our dedication, quality and delivery like no other developer can do."

First Gulf Bank (fgb.ae) has its headquarters in Abu Dhabi and provides financial services across the UAE, with a wide distribution network of branches in different business & industrial areas like Abu Dhabi, Dubai, Sharjah, Ajman, and Al Ain.

Agency / Source: Promax Middle East

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