Al-Dar finalizes first off-plan Abu Dhabi financing
Al Dar Company, in cooperation with Abu Dhabi Commercial Bank, announced the successful completion of the first property financing for a off-plan unit in Abu Dhabi under a new framework that includes a condition requiring 50% of the property's value to be paid before the financing. This framework allows the buyer to arrange financing for the off-plan unit during the construction period, offering greater flexibility and reducing the need for funding at the time of handover. This marks an important step in enhancing transparency and confidence in the Abu Dhabi real estate market, while expanding financing options for buyers, all in compliance with the standards of Abu Dhabi Center and the requirements of the Central Bank of the United Arab Emirates.
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