Lease to own in Abu Dhabi

Lease to own in Abu Dhabi! Own your dream apartment in Al Reem Island.
Move in today with only 8% Downpayment.

Register your interest today.


 

Horizon Towers: “The only Rent To Own Scheme Available in Abu Dhabi.”

 


What is Lease to Own? 

 

 

A lease to own agreement, also called rent to own or lease option, is an alternative way to buy a home. When buyers sign this kind of contract, they agree to rent the home for a set amount of time before exercising an option to purchase the property when or before the lease expires.

In a rent-to-own agreement, buyers get to move into the property right away without having to pay a large amount up front. All of the monthly payments are applied to the purchase price to build up the buyer’s equity acting as down payment on a mortgage. At the end of the lease term (2 years in this case), the remaining balance is paid off either through a home loan (mortgage) or self finance and the Title Deed issued to the buyer.

Why buy?

• 8% Downpayment

• 1-Beds from AED 882,566

• 2-Beds from AED 1,325,745

• With over 24-month easy payment plan

Gallery

Choose your apartment:

1-Bedroom | 1 Bathroom | 742 sqft

2-Bedrooms | 2 Bathrooms | 1,109 sqft

PAYMENT PLAN

8%

 Downpayment on signup the reservation agreement


1%

 On signup Sales & Purchase Agreement


1%

  13x Monthly Installments (Months 3-15)


1.25%

  8x Monthly Installments (Months 16-23)


5%

 1x Monthly Installment (Month 24)


Total=37% Equity

63%

Payable as self-finance or home finance


*Terms & Conditions apply. Units are subject to availability.

For more details and pricing, please call Joanna Tate at   +971 (50) 118-8742 or fill the above contact form.

Frequently Asked Questions:

Are the prices negotiable?

No, the prices are fixed.

Is it possible to make the payment plan over three years?

No, the payment plan is fixed.

How many parking slots come with the units?

  • 1-bed = 1 slot
  • 2-beds = 1 slot
  • 3-beds = 2 slots (tandem)

What happens if I lose my job and have to leave Abu Dhabi during the first two years?

The contract can be cancelled with 2 months notice prior to the end of 1st year period, however no refunds will be given.

How do I pay monthly installments?

  • By post dated cheques – 10 cheques to the end of year 1.
  • In year 2, you will provide 12 post-dated cheques.

Can I sell my apartment during the 2 years?

After 30% has been paid, you will be able to sell your apartment.

Do the apartments come with kitchen appliances?

No. You are free to install your own appliances.

Will I have to pay service charges during the 24 month period?

No, you will not have to pay service charges during the 24 month period.

Can I see the floor plans?

Click on our listings to see the floor plans for each unit.

Are there any units available on a low floor?

All available units are above the 23rd floor.