Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Abu Dhabi Finance - Land & Construction Finance Abu Dhabi Finance - Land & Construction Finance Minimum Salary: AED 10,000 Salary Transfer: No Early Settlement Fees: No Maximum Term: 25 Years Flat Rate: - Reducing Rate: -
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Overview
Land2Build is a market-leading plot financing solution available for UAE Nationals looking to finance the acquisition of their plot of land or release equity on a plot already purchased. 
Not only that, but Land2Build also allows clients to cover the subsequent construction costs, and even provides the option to finance both the purchase of the land and the cost of construction.
Loan To Value (LTV): Up to 50% of the land value and/or 50% of the construction project costs.

Partial Settlement
If you choose a Variable Interest Rate you can pay up to 20% per year free of Early Repayment Charges (calculated on the outstanding Loan amount as at the date of the Partial Settlement). Partial settlements can be made up to twice per year on your monthly repayment date, subject to a minimum of AED 5,000 per payment. Early Repayment Charges are payable on all Fixed Interest Rate products.

Mortgage Repayment Methods
Capital Repayments for both under construction and completed phases. Interest only option also available for under construction properties (subject to CB regulations)

Payment Holiday
You can benefit from a one month payment holiday each year free of deferment charges, starting in the second year of your mortgage loan.

Loan Protection insurance is mandatory and building insurance is mandatory for completed villas and townhouses.
All Applications and requests for partial settlement & payment holiday are subject to Abu Dhabi Finance approval.

Mortgage Amount:
  • The minimum amount is AED 500,000
  • The maximum amount is AED 15,000,000

Property use
Land2Build is applicable for residential properties in Abu Dhabi and Dubai

Age Requirement:
Minimum age 21 years and maximum age 70
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
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