Under a new agreement between Emaar Development and Abu Dhabi Commercial Bank (ADCB), eligible customers can obtain pre-approval for financing up to 50% of the property value.

This financing option includes ready homes and off-plan properties in Emaar Development’s premium residential communities in Dubai.

The pre-approval is valid for 12 months and can be renewed annually during the construction period until the property is handed over.

Ensuring financing during the construction period

The annually renewable structure allows eligible buyers to secure a significant portion of their required funding before the completion of off-plan properties, reducing concerns about access to financing at the time of handover.

Customers can complete their applications through a simplified digital process supported by ADCB’s mortgage services.

The agreement also expands financing options for buyers of completed properties within Emaar Development’s project portfolio.

Rates starting from 3.49 percent

For a limited time, ADCB will offer annual interest or profit rates starting from 3.49 percent, fixed for three years.

Eligible buyers will also be exempt from application processing and property valuation fees, a move that reduces the initial costs of obtaining property financing.

The two companies announced that these financing solutions aim to facilitate homeownership by combining lower upfront costs with greater transparency regarding funding during the construction period.