Emaar Development and Abu Dhabi Commercial Bank (ADCB) have announced a mortgage partnership giving buyers access to financing across Emaar’s residential portfolio in Dubai, covering both completed and off-plan properties.
The headline offer is a fixed interest rate starting from 3.49 per cent per annum for three years, available for a limited period. ADCB is also waiving processing and valuation fees on qualifying transactions, reducing upfront costs for buyers.
The more distinctive element of the deal is an off-plan financing structure built around annually renewable pre-approvals. Eligible buyers can secure pre-approval for financing of up to 50 per cent of a property’s value, with that approval remaining valid throughout the construction period until handover.
The structure is intended to give buyers greater certainty on financing availability before they reach the handover payment stage, rather than seeking approval closer to completion.
Both companies described the partnership as a response to continued demand in Dubai’s residential market, with Emaar citing its position as a major contributor to the UAE’s broader economic output.
