PHOTO
- Scheme available for a select number of units in Ansam, Al Hadeel and Meera
- Three-year scheme with option to exercise each year
Abu Dhabi: Aldar Properties PJSC (‘Aldar’), today announced that it is launching a new rent to own scheme that offers customers the ability to build equity in their homes over one, two or three years, in a select number of units across Aldar’s sought after, and ready to move into, Ansam, Al Hadeel and Meera communities.
Customers will be able to exercise the rent to own option each year with no rent escalations or fees while building equity. Customers will build up equity positions of 16%, 19% and 22% over years 1,2, and 3. Aldar is also offering a rebate to customers when they exercise the ownership option. Rental rates start at AED120,000 per year in Ansam, from AED140,000 per year in Al Hadeel, and from AED110,000 in Meera,
Commenting on the new scheme, Maan Al Awlaqi, Executive Director – Commercial at Aldar said: “The launch of this scheme brings a new dimension to our commitment to our valued community – allowing for easier access onto the property ladder. We wanted to create an accessible solution where customers can build equity in their homes in as little time as possible, while living in and enjoying their community. This is particularly important to those who want to own a home but are not in a position to handle the large down payments that are usually required. We are excited about this offer and look forward to start rolling it out across our ready to move into Ansam, Al Hadeel and Meera communities.”
Ansam is located on the west side of the iconic Yas Island, comprising 12 low rise apartment buildings with a unique collection of studios and 1-3 bedroom apartments. The development offers access to excellent community facilities and local retail outlets that sit alongside garden style public areas overlooking the Yas Links Golf Course.
Al Hadeel sits on the seafront of Al Raha Beach. The waterfront development comprises studios, 1-3 bedroom apartments and larger 3-5 bedroom townhouses and duplexes.
Meera brings a new style of capital living to Reem Island. The development’s two symmetrical towers each offer 204 apartments in a range of 1-3 bedroom apartments. The buildings are intersected by a public garden and are a short walking distance away from Shams Park, Shams Beach, Shams Marina and the pedestrianised canal network.
-Ends-
For further information, please contact:
Media
Nick Farmer
Aldar Properties
+971 2 810 5555
Lulwa Rizkallah
Brunswick
+971 2 234 4600
ALDAR@brunswickgroup.com
About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
For more information on Aldar please visit www.aldar.com
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
