Aldar Launches New Rent to Own Scheme

 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.