Dubai: Emaar Development and Abu Dhabi Commercial Bank (ADCB) have announced a strategic partnership aimed at enhancing the home-buying experience for customers purchasing properties across Emaar Development's portfolio of ready and off-plan residential communities in Dubai.The collaboration combines ADCB's mortgage capabilities with Emaar Development's real estate portfolio to provide eligible homebuyers with financing solutions through a streamlined and digitally enabled process.Under the partnership, customers will have access to financing options for both ready and off-plan properties, as well as competitive financing rates designed to simplify the purchasing journey.A key feature of the initiative is a new off-plan financing solution that offers annually renewable pre-approval until a property's handover, providing buyers with greater certainty during the construction period.Under the programme, eligible Emaar Development customers can obtain pre-approval for financing of up to 50% of a property's value.The initial pre-approval remains valid for 12 months and can be renewed annually throughout the construction phase until the property is handed over to the buyer.The companies said the collaboration is intended to provide greater flexibility and confidence for customers purchasing homes in Emaar Development's projects while supporting a smoother and more efficient financing experience.
