Abu Dhabi Finance (ADF), mortgage and financing major, has announced that it has decided to provide mortgages up to 80 per cent to Marina Blue and Ocean Terrace developments in Al Reem Island being established by Green Emirates Properties.

The two developments, slated to be finalized by end of the year, comprise 829 apartments.

The sources informed that the mortgage provider will offer some flexible mortgage repayment options entailing Interest Roll Up, Interest-Only, Repayment and a combination of Repayment and Interest-Only Mortgage Loans ('Part and Part' Mortgages) in the two developments.

The company officials said that clients can repay up to 10 per cent of the outstanding loan amount in the Marina Blue and Ocean Terrace developments every year, free of repayment charges.

As per reports in media, Abu Dhabi Finance already provides end-user finance on Sea Shore Villas, a development handed over by Green Emirates Properties in fiscal
2007 comprising 236 villas and townhouses.