Al Dar Launches First Off-Plan Mortgage in Abu Dhabi
Al Dar Properties Group has launched its first mortgage financing for its clients, secured against their off-plan units in Abu Dhabi, in accordance with the new Abu Dhabi real estate framework. This framework allows for the bank's name to be verified before delivery. The system enables buyers who have paid 50% of the unit's price to arrange cash financing for the remaining amount, in compliance with the requirements of the United Arab Emirates Central Bank. This option provides an alternative to traditional financing at the time of delivery, while enhancing transparency and protecting all parties involved, thereby facilitating the off-plan unit market in Abu Dhabi.
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