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VICTORY HEIGHTS
Where is this Victory Heights development everyone’s talking about? It’s located in Dubai Sports City, just out by Emirates Road. And what’s so special about it? It’s a beautiful gated community built around a 72 par golf course designed by Ernie Els (the Els Club - 04 425 1010), and dotted with water features and landscaped gardens. What sort of property do they have? There are both townhouses and villas, designed in European, Andalusian or Mediterranean styles and grouped into seven separate ‘villages’. What’s so good about the houses? Apart from the lovely design, there’s the
views over the golf course or lakes, the Poggenpohl kitchens, the techno-dreamy OPUS audivisual systems (with top quality speakers built in to the ceilings) and the amazing set of on-thedoorstep facilities. What sort of thing? Apart from the golf course, you’ll be able to enjoy jogging trails and winding, landscaped walking trails, a ‘Next Generation’ health club (equipped with tennis, squash and badminton courts), the Butch Harmon golf school and the David Lloyd tennis academy. And then there’s a community centre, playgrounds and parks for kids and local schools and nurseries. Plus, of course all the many and varied sporting events which will be going on at the stadia at
Dubai Sports City once they are fully up and running… So how many people have moved in to Victory Heights so far? At the end of July, the 100th set of keys out of just under a thousand properties was handed over, and another 150 are shortly to follow. The first villages to be occupied are the ‘Carmen’ and ‘Estella’ ones, with ‘Oliva’, ‘Novellia’ and ‘Esmeralda’ next in line .
FINANCE
LOAN RANGER
Found your dream property and need to sort out a mortgage? Look no further... BANK
RATE
MIN.DEPOSIT
DURATION
PROCESSING FEE
REDEMPTION FEE
CONTACT
ADCB
8.75% - 9.75%
15%
25 YEARS
1% NO CAPP
FROM 2%
04 398 1886
ABU DHABI FINANCE
8.5% - 9%
15%
30 YEARS
0.75% IF PAID UPFRONT
2% OWN FUNDS 4% BUY OUT
04 398 1886
AL HILAL
9%
15% TO 30% ABU DHABI 30% TO 40% DUBAI
25 YEARS
1%
5% WITHIN 1 YEAR 2% AFTER 1 YEAR
04 398 1886
BARCLAYS
UP TO 9.5%
40% ONLY COMPLETED PROJECTS
25 YEARS
1% CAPPED AT 30,000 AED
1-5%
04 398 1886
DUBAI BANK
9.15%
30%
20 YEARS
1.0% CAPPED AT 15,000 AED
0%
04 398 1886
DUBAI ISLAMIC BANK
7.75% - 8.5%
20% TO 30%
20-25 YEARS
1.25% CAPPED AT 25,000 AED
2% CLOSING 4% BUY OUT
04 398 1886
HSBC
6.95% TO 9.5%
25%
25 YEARS
1% MIN 5,000 AED
3% OF BUY OUT 2,500 AED OWN FDS
04 398 1886
LLOYDS
8.50%
50% VILLAS
20 YEARS
1%
0%
04 398 1886
MASHREQ
7.99% TO 8.25%
25% TO 50%
20 YEARS
1% CAPPED AT 25,000 AED
1% BEFORE 2 YEARS 3% BUY OUT
04 398 1886
EMIRATES NBD
6.68%
20% TO 25%
20 TO 25 YRS
1% MIN 5,000 AED
1-3%
04 398 1886
NOOR ISLAMIC BANK
9% TO 9.5%
15% TO 25%
20 TO 25 YRS
1% CAPPED AT 30,000 AED
2% OWN FUNDS 3% BUY OUT
04 398 1886
RAKBANK
7.49% TO 10.6%
20% TO 30%
25 YEARS
1% MAX 30 000 AED
1-3%
04 398 1886
STANDARD CHARTERED
7.05% TO 8.5%
25%
25 YEARS
1% OF L/A
2%
04 398 1886
For further information on the best mortgage deals call Better Homes on +971 4 407 4600 August 2009