Aldar and ADCB Complete First Off-Plan Mortgage in Abu Dhabi
Aldar Properties and Abu Dhabi Commercial Bank (ADCB) have completed Abu Dhabi’s first off-plan mortgage under the newly launched Abu Dhabi Real Estate Centre (ADREC) framework.
The new framework allows eligible Aldar customers who have paid 50% or more of their property value to secure mortgage financing before the property is handed over.
ADCB can finance the remaining instalments during construction, as well as the final handover payment.
Greater Flexibility for Property Buyers
The new financing option can provide eligible buyers with:
- Greater flexibility during construction
- More certainty about financing before handover
- Improved cash-flow management
- An alternative to waiting until completion to arrange a mortgage
- Access to a wider range of financing options and terms
Through Home Finance by Aldar, customers can explore mortgage solutions from participating conventional and Islamic banks without an additional advisory fee.
A New Development in Abu Dhabi Real Estate
The completion of the first off-plan mortgage marks an important step in Abu Dhabi’s property financing market. The new framework gives eligible off-plan buyers another way to manage their financing throughout the construction period and prepare for final handover.