First Abu Dhabi Bank launches exclusive benefits for golden residency holders

First Abu Dhabi Bank, the largest bank in the United Arab Emirates and one of the largest and most secure financial institutions in the world, has partnered with the Abu Dhabi Residents Office to provide UAE Gold Residency holders with exclusive offers on mortgage loans and deposit products, at competitive rates.

Under the agreement, golden residency holders in Abu Dhabi will benefit from various advantages offered by First Abu Dhabi Bank, including fixed interest rates for five years on mortgage loans at rates starting from 2.49% annually with exemption from transaction processing fees, in addition to an interest rate of up to 1.68% on mortgage loans. iSave Deposits. You can apply for these benefits through the First Abu Dhabi Bank website or through its smart application, and obtain the approval of the bank immediately.

Commenting on this, Sameh Al Qubaisi, Executive Director of the Executive Affairs Office at the Department of Economic Development - Abu Dhabi, said: “As the largest bank in the United Arab Emirates and one of the largest financial institutions in the world, First Abu Dhabi Bank has a unique understanding of the investment reality at the regional and international levels. An exceptional ambassador for the Emirate of Abu Dhabi within the financial and business community, as he embodies the spirit of entrepreneurship for which the emirate is famous. His rich record of contributions to enabling and developing businesses in the region. We also unite with First Abu Dhabi Bank a system of shared values, which are the values ​​that move all individuals Our team at the Abu Dhabi Residents Office to achieve our goal of attracting distinguished pioneers around the world to use the Emirate of Abu Dhabi as a headquarters to unleash their potential and achieve their dreams.In the context of our full commitment to support the thriving global community in the Emirate of Abu Dhabi, we look forward to working closely with Abu Dhabi International Bank as our partner in creating programs and services that characterize the Emirate as a global business center and thus contribute to our local economy.”

Fatoon Al Mazrouei, Head of Retail Banking Group in the UAE, said: “The UAE continues to lay strong foundations for a society that embraces diversity and thrive in qualified innovators to support national endeavors to establish a knowledge-based economy. And by offering exclusive benefits on mortgage products. We are working to contribute an active role in supporting these distinguished individuals to build and plan their future lives in Abu Dhabi.We at First Abu Dhabi Bank are always committed to providing all possible means of support to achieve the national strategic plans.In this sense, we are working to cooperate with various Federal authorities and relevant government agencies to provide solutions and services with tangible positive effects on the state and its residents.

The government of the United Arab Emirates launched the Golden Residency Program in 2019 to provide the opportunity to obtain a long-term residence visa to live, work, study and invest in the country.

Those wishing to apply for golden residency can visit the website of the Abu Dhabi Residents Office adro.gov.ae for more information about the golden residency categories and the eligibility criteria for each category.

The office also launched a digital "eligibility determination tool", to help applicants for golden residency identify the category to which they can qualify.

The partnership between First Abu Dhabi Bank and the First Abu Dhabi Residential Office represents a new addition to the series of partnerships launched by the Bank in support of strategic government initiatives.

It cooperates closely with the federal government, national authorities and various financial institutions in the public sector to support the achievement of the economic and social development goals of the United Arab Emirates.

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