Ellington Properties and Abu Dhabi Commercial Bank have announced a strategic collaboration to launch pre-approved mortgage solutions covering both ready residential units and off-plan properties in Dubai. The initiative is designed to make it easier for eligible buyers to access financing throughout different stages of their homeownership journey.

The collaboration provides flexible financing solutions for eligible customers looking to purchase properties within Ellington Properties’ developments. Buyers will benefit from a simplified digital experience, along with direct support from the bank’s relationship managers, helping make the overall process smoother and more convenient.

Financing for Ready and Off-Plan Properties

The new solutions include financing options tailored to both ready homes and properties under construction, while offering competitive financing rates and added flexibility to help customers manage their financial commitments more effectively.

Customers will also have the option to renew their pre-approval annually until the property is handed over. This gives buyers greater flexibility in planning their finances throughout the construction period and allows them to access the required funding in line with the project’s progress.

Financing of Up to 50% of the Property Value

Under the new financing solutions for off-plan properties, eligible Ellington Properties customers can receive pre-approval for mortgage financing of up to 50% of the property’s value.

The initial pre-approval remains valid for 12 months and can be renewed annually, allowing it to stay active throughout the construction period and until the property is delivered.

This arrangement gives buyers greater confidence and flexibility when arranging financing for installment payments during construction, as well as amounts due upon handover as the development moves toward completion.

Rates Starting From 3.49% Per Year

To support customers seeking to own homes within Ellington Properties’ developments, whether ready or under construction, Abu Dhabi Commercial Bank is offering eligible buyers interest or profit rates starting from 3.49% per year.

The limited-time offer includes a fixed rate for three years, along with a waiver of administrative and property valuation fees. These benefits help reduce some of the upfront costs associated with mortgage financing and provide buyers with additional advantages when making a purchase.

Supporting the Homeownership Journey in Dubai

The collaboration between Ellington Properties and Abu Dhabi Commercial Bank expands the financing options available to buyers in Dubai by combining flexibility, simpler procedures, and greater financial planning visibility.

The availability of renewable pre-approvals also gives customers a clearer view of their financing needs from the early stages of the purchase through to the property’s handover, supporting a smoother and more stable experience for those looking to own residential real estate in Dubai.