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Abu Dhabi’s Off-Plan Mortgage: Game Changer or Just More Financing?
Abu Dhabi’s Off-Plan Mortgage: Game Changer or Just More Financing?
<p>Abu Dhabi’s property market is getting a new financing option for off-plan buyers, with a first-of-its-kind mortgage framework allowing buyers to secure financing earlier in the property journey. But is it really a game changer? The Central Bank has long allowed financing of up to 50 percent for off-plan properties, while Abu Dhabi developers traditionally offered payment plans below that threshold. So what actually changes for buyers and the wider market? Joining us is Ben Crompton, Managing Partner at Crompton Partners Estate Agents.What exactly is new about Abu Dhabi’s off-plan mortgage framework, and why is it highlighted now?</p>