Sorouh and ADCB sign mortgage deal

Sorouh Real Estate and Abu Dhabi Commercial Bank yesterday announced the signing of a MoU for the financing of residential sales at The Gate Towers, part of Sorouh's flagship project Shams Abu Dhabi on Al Reem Island.

"ADCB is a key business partner for Sorouh. We are delighted it has approved residential loans for The Gate Towers as there is great interest in this property," said Sorouh CEO Mounir Haidar. ADCB is the first bank to approve financing for residential property.