Use your rent to help buy your home at this new Abu Dhabi residential project

Aldar launches scheme to help people own their properties

Use your rent to help buy your home at this new Abu Dhabi residential project

Abu Dhabi's Aldar Properties has launched a new rent-to-own scheme for a limited number of homes in its West Yas community.

The development, overlooking the natural mangroves that surround Yas Island, has more than 1,000 four and five-bedroom villas, two schools, mosques, sports facilities, shops, a community centre and more.

Using the new scheme, some people will be able to build up their home equity over a five-year period while paying Dhs220,000 in annual rent.

All of those rent payments will be converted into equity in the villa at the end of the five-year period, the developer says.

There are also annual Dhs15,000 management over the full five-year period.

Talal Al Dhiyebi, CEO, Aldar, says: “We know that there is real demand for a rent-to-own scheme at communities like West Yas, so we are delighted to respond with a product that suits the needs of our customers.”

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