Aldar offers post-handover payment plans.

• Position: Aldar Properties PJSC

Abu Dhabi-based developer Aldar is offering post-handover payment plan to property buyers for the first time on its latest projects, reflecting the market trend where developers are resorting to new incentives to prospective buyers amidst falling sales.

The largest property in Abu Dhabi will offer up to 60 per cent post-handover payment plan on its six latest projects - Mamsha, Jawaher, Yas Acres, Mayan, Alghadeer and Reflection. The payment plan, however, excludes the period of construction works.

Maan Al Awlaqi, executive director for commercial at Aldar, said this is first time company is offering post-handover payment plan, which is spread over four to five years.

"Meeting customer demands is a top priority for us, and this promotion is designed to create convenience and flexibility. Under the terms of the new post-handover payment plans, customers will be able to buy dream homes on beneficial terms at a choice of six prime developments in Abu Dhabi," he said.

The developer also offers to charge no registration fee on the purchase of villas, townhouses and apartments.

Property developers across the UAE have been introducing new incentives to the buyers amidst decline in sales. Dubai-based Emaar Properties earlier this year offered three-year renewable business licence from the DMCC and renewable residency visa to customers on the payment of only 20 per...