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Altar brings in UNB for Water's Edge.

Summary: The bank will offer escrow services for the mid-tier project on Yas Island

Staff Report


Aldar Properties has signed an agreement with Union National Bank to provide escrow services for buyers at its Water's Edge project, the Yas Island's first mid-market property and which comprises 2,255 apartments.

According to Talal Al Dhiyebi, Chief Development Officer at Aldar, "Aldar Properties was the first company to be granted a master-developer License under the Abu Dhabi Real Estate Law, and this agreement marks our third escrow account project. As a waterfront, mid-market apartment development, we are pleased with the strong demand for Water's Edge, and confident that the Escrow accounts with UNB will further support this."

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Publication:Gulf News (United Arab Emirates)
Date:Sep 12, 2017
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