ADCB and Dubai Holding Real Estate agree off‑plan finance pact for select Dubai communities
Abu Dhabi Commercial Bank will provide tailored off‑plan mortgage solutions for buyers at Palm Jebel Ali, The Acres and Nad Al Sheba Gardens, offering pre‑approvals, competitive fixed pricing and fee waivers.
ADCB to underwrite off‑plan purchases with extended pre‑approvals and fee relief
Abu Dhabi Commercial Bank (ADCB) has entered a strategic partnership with Dubai Holding Real Estate to offer bespoke off‑plan financing to purchasers across projects associated with Nakheel, Meraas and Dubai Properties. The arrangement is designed to give buyers greater certainty over payment obligations and to simplify the transition from purchase to handover.
Under the terms announced, eligible purchasers at Palm Jebel Ali (Nakheel), The Acres (Meraas) and Nad Al Sheba Gardens (Dubai Properties) will be able to access ADCB home finance once they have paid 50 percent of the property’s value to the developer, irrespective of construction progress. The arrangement therefore allows clients to secure lending ahead of completion, while maintaining a predictable payment profile.
ADCB is offering pre‑approvals valid for up to 18 months and has set a competitive pricing proposition of 3.49 percent per annum, fixed for three years. The bank will also waive processing and valuation fees for qualifying customers and provide digital onboarding to streamline applications. Purchasers will have access to exclusive rewards and dedicated support through ADCB’s Mortgage Centres for end‑to‑end assistance.
The partnership extends beyond the three named communities. Buyers in other residential projects developed by Nakheel, Meraas and Dubai Properties can access off‑plan financing from ADCB once prescribed construction milestones are met, broadening the reach of the offer across these developers’ portfolios.
Officials framed the collaboration as a measure to make homeownership more accessible by reducing uncertainty and administrative friction for off‑plan buyers. By aligning developer payment stages with bank underwriting, the scheme aims to provide a clearer route from initial deposit to mortgage drawdown and final handover.
For prospective purchasers, the combination of an extended pre‑approval window, a fixed introductory rate and waived fees may reduce the financial risk often associated with off‑plan purchases. The digital onboarding and dedicated Mortgage Centres are intended to deliver a more seamless customer experience through the application and transfer process.
While the announcement centres on Dubai projects, the involvement of ADCB — an Abu Dhabi‑based bank — represents a notable federal‑market linkage, reflecting cross‑emirate collaboration in property finance solutions.
Source: WAM