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

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