ADCB and Dubai Holding Real Estate Launch Enhanced Off-Plan Financing for Key Developments

Dubai Holding Real Estate, encompassing Nakheel, Meraas, and Dubai Properties, has forged a strategic partnership with Abu Dhabi Commercial Bank (ADCB) to introduce new off-plan financing solutions. This collaboration aims to provide greater certainty for buyers throughout their property purchase journey and enhance access to home financing for various developments across Dubai.

Key Financing Details

For eligible buyers at specific projects such as Nakheel's Palm Jebel Ali, Meraas' The Acres, and Nad Al Sheba Gardens, home financing solutions become available once 50% of the property's value has been paid to the developer. This offers a unique advantage by allowing financing irrespective of construction progress, simplifying the transition to handover.

Benefits for Buyers

Clients utilising these new financing options will benefit from several advantages, including:

• Pre-approvals valid for up to 18 months
• Competitive pricing starting from 3.49% per annum, fixed for three years
• Waived processing and valuation fees
• Digital onboarding capabilities
• Exclusive rewards and access to ADCB's dedicated Mortgage Centers for end-to-end support.

Beyond the specific projects mentioned, buyers in other residential communities developed by Nakheel, Meraas, and Dubai Properties can also access ADCB's off-plan financing solutions once prescribed construction milestones are met. This extends the benefits across the broader Dubai Holding Real Estate portfolio, which is responsible for iconic destinations and master-planned communities housing nearly 1.6 million residents.