Villa investors can get gold bars as housewarming gift

Deals of the Week Customers who buy an Andalusian villa in the Bawabat Al Sharq development will get a gift worth its weight in gold.

Property investors buying a new villa in the Bawabat Al Sharq development in Bani Yas City during Ramadan will receive gold bars with their new home.

The offer, which runs until the end of the holy month, is available to customers who purchase an Andalusian villa in the third phase of the Dh3 billion development, receiving between two and five one ounce bars depending on the size of the villa, number of bedrooms and location.

Wall Tawil, CEO of Baniyas Investment and Development Company, says: "Each one of these bars is individually registered, sealed in a protective holder along with its official "Assay Certificate" that guarantees the fineness of 999.9 pure gold content at one troy ounce."

Bawabat Al Sharq launched Phase III of their development- featuring three, four and five bedroom homes, which range in size from 271 to 542 square metres - during Cityscape Abu Dhabi last year. Seventy-four villas have been released for sale so far.

The villas are part of Bawabat Al Sharq's luxurious mixed-use development which feature a separate men and women's majlis, pools and private parking spaces as well as retail, entertainment and sporting facilities including a Fifa stand football stadium that seats more than 20,000.

Wall El Ashry, commercial vice president at BID, says: "We at BID always search for new ways of giving added value to our clients when they purchase any of our various property offerings. This Ramadan we celebrate by giving gold to our clients once they purchase a property at BAS. We feel that gold and the property itself complement each other as strong stores of value that appreciate with time."

For more information, call 800 2264927 or log onto


Mashreq Bank is offering a 4.99 per cent interest rate on any mortgages transferred from another bank.

The home loan buyout offer also comes with zero processing fees for two years, making it one of the cheapest mortgage rates currently available on the market.

Other rates include 4.99 per cent from United Arab Bank and 5.49 per cent from HSBC.

Homeowners wanting to take up the Mashreq deal have until September 30 to register for the deal and do not have to transfer their salary into the bank.

For more information call 04 424 4444.


Dubai Bank has launched a search for talented child artists to feature their work in their Eid advertisement promotion.

The Ramadan competition is open to customers' children aged five to 13 with the winners' artwork being published across the UAE.

Entries, centred around the theme of Eid, must be submitted via the bank's website before a shortlist of 20 is drawn up. The finalists will then be invited, with their parents, to a Ramadan gathering where the winner will be announced.

For more information log onto

Published: August 20, 2011 04:00 AM


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