UAE-based Aldar allocates $51.7 mln for investors, retail partners

By Amwal Al Ghad English On May 6, 2020

UAE-based Aldar Properties has launched cumulative programmes worth 190 million dirhams ($51.7 million) to support residential communities, schools, retail partners, and home buyers in light of COVID-19, Zawya reported on Tuesday.

The different programmes of the Abu Dhabi-based developer include:

60 million dirhams targeting retail partners with a particular focus on SMEs and start-ups
60 million dirhams to support residential buyers and tenants through market beating home finance products, rent to own units and monthly payment plans
50 million dirhams allocated across the education portfolio to support a 20 percent reduction in school fees, provide 10,000 laptops to students, develop online learning platforms
20 million dirhams to other initiatives including national sanitation efforts and waiving all administrative fees associated with transacting with Aldar