Aldar, ADCB Complete Abu Dhabi’s First Off-plan Mortgage Under New ADREC Framework
Aldar has become the first developer in Abu Dhabi to complete mortgage financing on an off-plan property under the new ADREC framework. This framework allows customers to arrange a mortgage against their off-plan property before handover, providing certainty over financing terms, preserving liquidity, and offering a wider range of financing options.
Fahad Shabbir (@FahadShabbir) published on September 04, 2026: ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 04th Sep, 2026) ...
The new framework enables the financing bank to be named on the mortgage registration certificate before property handover. Customers can pay as little as 50% of the purchase price to secure a mortgage, with the bank funding the remaining installments and final handover payment.
Ghazi Saeed Alateibi, Executive Director - Real Estate Transaction Sector, ADREC, stated: "The completion of this registration demonstrates ADREC’s off-plan mortgage registration service in live market use."
Faisal Falaknaz, Chief Financial and Sustainability Officer at Aldar, added: "As Abu Dhabi continues to develop... its real estate market is growing in both appeal and sophistication. ... We are proud to have worked with ADREC and ADCB..."
Aldar customers can access off-plan financing through 'Home Finance by Aldar', an in-house mortgage advisory service without additional fees.