Abu Dhabi Finance & Aldar Properties Enter Strategic Partnership to Offer Exclusive Home Finance

Press release
Published February 26th, 2020 - 12:56 GMT
Abu Dhabi Finance & Aldar Properties Enter Strategic Partnership to Offer Exclusive Home Finance
Mamsha Al Saadiyat.
Abu Dhabi Finance, the UAE’s only specialised conventional mortgage lender, has announced a strategic partnership with leading Abu Dhabi-based real estate developer Aldar, to offer exclusive home finance rates from 2.99%

 Abu Dhabi Finance (ADF) today announced a landmark partnership with Aldar Properties PJSC (Aldar), to offer Aldar customers exclusive finance rates starting from 2.99% for new and existing customers at The Bridges, Yas Acres, Mamsha, and Jawahar developments in Abu Dhabi. Customers can also benefit from a 10-day processing time, with no applicable fees, as part of the exclusive offer.

The aim of the collaboration between ADF and Aldar is to provide a market-beating offer that ensures that owning property in the UAE’S capital is as accessible as possible. The offer applies to new and existing Aldar customers who are looking to purchase, or have purchased homes and are in the process of making final settlements in the ready-to-move-into communities of Jawaher and Mamsha on Saadiyat Island, as well as the soon-to-be-available Yas Acres on Yas Island and The Bridges on Reem Island.

Commenting on the partnership, Chris Taylor, Chief Executive Officer of Abu Dhabi Finance, said, “We’re delighted to collaborate once again with Abu Dhabi’s leading developer, Aldar, on designing exclusive, best-in-class home finance products that cater for the most discerning of clients. At Abu Dhabi Finance, we strive to maintain an engaging conversation with our clients to ensure our products and services remain relevant and continuously meet the needs of the market.”

He added, “This strategic partnership with Aldar, who share our passion for client-centricity, creates market-leading products that offer unparalleled competitiveness for their clients. We’re confident that our home finance expertise and celebrated customer service will make our joint offering too good to be missed!”

Rashed Al Omaira, Executive Director – Commercial at Aldar Properties, stated, “Our customers are our priority for the entire duration of their relationship with Aldar. As our communities move into the handover phase, we wanted to create the optimal home ownership experience through the provision of a market leading home finance solution in partnership with Abu Dhabi’s best home finance providers.”

“With these products being made available for a broad range of homes – Mamsha, Jawaher, The Bridges and Yas Acres – we believe that they will appeal to a great number of new and existing customers who are attracted to the low rates, zero fees and quick processing time,” he concluded.

Mamsha is a premium apartment and townhouse development located on a 1.4km stretch of pristine beach on Saadiyat Island, and Jawaher is a gated villa community offering four, five and six-bedroom homes. The Bridges is a mid-market apartment development consisting of six buildings in the heart of Aldar’s master-planned community on Reem Island. Yas Acres is Aldar’s flagship golf and waterfront villa community located in the north of Yas Island and in close proximity to all of the island’s amenities.

Background Information

Abu Dhabi Finance

Abu Dhabi Finance is the UAE’s fastest growing leading financial services company mortgage lender, providing individuals and businesses alike with the most relevant real estate financial solutions.

Since being formed in 2008 as a private joint stock company partnership between Mubadala Development Company pjsc, Aldar Properties pjsc and ADCB, Abu Dhabi Finance has grown from strength to strength. This partnership brings years of local financial knowledge and real estate expertise, combined with the most solid financial backing in the UAE and a tangible sense of corporate social responsibility.

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