ADCB offers Emaar homebuyers up to 50% pre‑approval before handover.
Renewable pre‑approval up to half the value
Under the new agreement, eligible customers of Emaar Development can obtain pre‑approval for financing covering up to half of a property's value. The initial approval remains valid for 12 months and can be renewed each year throughout the construction phase, ensuring buyers have funding certainty until the handover date. The scheme applies to both ready‑to‑move‑in units and off‑plan projects across Emaar’s premium residential communities in Dubai.
The renewable structure means buyers can lock in a substantial portion of their mortgage early, reducing the risk of funding gaps when the building is completed. The agreement also extends the financing option to purchasers of already finished homes within the Emaar Development portfolio, broadening the reach of the programme.
Competitive rates and fee‑free structure
ADCB will provide interest or profit rates starting from 3.49% per annum, fixed for three years, for a limited period. This rate applies to the portion of the loan covered by the pre‑approval and is designed to keep borrowing costs predictable for homebuyers.
In addition to the attractive rate, eligible buyers will not pay any processing or valuation fees, cutting down the upfront expenses normally associated with arranging a mortgage. The companies behind the deal said the combination of lower initial costs and clear funding visibility aims to make home ownership more accessible.
Digital application and broader eligibility
Applicants can complete the financing request through a streamlined, digitally enabled process supported by ADCB’s mortgage services. The online platform simplifies documentation and speeds up approval, allowing buyers to focus on selecting their new home rather than navigating paperwork.
Beyond off‑plan projects, the programme now includes buyers of completed properties within Emaar Development’s range, reflecting a push to broaden eligibility. By offering a renewable pre‑approval and fee‑free structure, the bank hopes to ease the path to ownership for a wider segment of the market.
Frequently asked questions
What is the renewable pre-approval scheme offered by ADCB for Emaar properties?
ADCB allows eligible Emaar buyers to obtain pre-approval for up to 50% of a property's value, with the approval remaining valid for 12 months and renewable each year until handover.
How much of the property value can be pre-approved under the scheme?
Buyers can secure pre-approval for up to half (50%) of the purchase price of an Emaar Development property.
What interest rate does ADCB provide for the pre-approved portion?
The bank offers a fixed interest (profit) rate starting from 3.49% per annum for the pre-approved loan amount, locked for three years.
Are there any processing or valuation fees for this financing?
No – eligible buyers do not pay any processing or valuation fees, making the scheme fee-free.
How long does the initial pre-approval remain valid and can it be extended?
The initial approval is valid for 12 months and can be renewed annually throughout the construction phase until the property is handed over.
