Abu Dhabi – Mubasher: Aldar Properties will launch a new rent-to-own scheme that enables enrolled customers to build equity in their homes over a period of one, two, or three years in a selected number of units across Aldar’s sought-after and ready to move the three communities of Ansam, Al Hadeel, and Meera.            

Under the new scheme, clients may exercise the rent-to-own option every year with neither rent escalations nor fees. Customers can build up equity positions of 16%, 19%, and 22% over the period set, while they will be offered a rebate upon exercising the ownership options, said a press release on Tuesday.

The rental rates start at AED 120,000 per year in Ansam, while AED 140,000 and AED 110,000 in Al Hadeel and Meera, respectively. 

In this regard, executive director – commercial at Aldar, Maan Al Awlaqi, 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.”

“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,” he added.