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Abu Dhabi, United Arab Emirates
Abu Dhabi Commercial Bank (ADCB) has entered into a partnership agreement with ORA Developers to provide mortgage solutions for the purchase of units under construction in a project between BAYN in Ghantoot between Abu Dhabi and Dubai, after completing the payment of 50% of the value of the property, with the possibility of obtaining preliminary approvals up to 12 months in validity.
The agreement includes the Ben project, which is being developed by Aura Developments as part of its strategic partnership with MODON Holding, and its master plan extends over an area of 4.8 million square meters, while its first phase includes 464 villas and a townhouse.
Under the agreement, eligible customers can obtain real estate financing during the construction phase to cover the remaining amounts due until the delivery date, after half of the unit’s value has been paid, in accordance with the approved payment schedule, regulatory requirements and eligibility criteria of the bank.
Conditions of mortgage financing for the purchase of units of the project «Been»
The partnership allows eligible buyers to benefit from competitive financing rates, initial approvals of up to 12 months, as well as the possibility of submitting financing applications and completing their procedures digitally, and benefiting from the services of Abu Dhabi Commercial Bank’s specialized mortgage centers.
Financing applications are subject to the credit assessment and approval procedures adopted by the Bank, while the announcement did not specify the interest rates, the maximum financing limit or the income requirements necessary to benefit from these facilities.
Najib Sawiris, Chairman of Aura Developments, said that the company continues its commitment to developing integrated communities in the UAE and the Middle East, welcoming the collaboration with Abu Dhabi Commercial Bank to facilitate real estate ownership in the Ben project.
Details of the Ben project in Ghantoot
Aura Developments launched the Bean project in April 2025 in Ghantoot, in the central location of Abu Dhabi and Dubai, on an area of 4.8 million square meters, and the masterplan includes residential, commercial, recreational and integrated service facilities.
The first phase of the project includes 464 villas and a townhouse, while the masterplan includes a 1.2-kilometer waterfront, a yacht marina, lakes, commercial, sports and recreational facilities, as well as open spaces and pedestrian walkways.
In December 2025, the company announced the start of preliminary work for the project, after awarding a contract worth $ 38.7 million (AED 142 million) to NMDC, in preparation for the transition to the subsequent construction stages.
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