- The recently launched benefits for Golden Visa holders have been made possible through a partnership between FAB and the Abu Dhabi Residents Office
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and most secure financial institutions, has partnered with the Abu Dhabi Residents Office (ADRO) to provide UAE gold visa holders with exclusive mortgage – and to offer deposit products at competitive rates.
Through the partnership, Abu Dhabi Golden Visa recipients will have access to a range of benefits at FAB, including exclusive five-year fixed mortgage interest rates from 2.49% per annum with no fees, in addition to iSave deposit rates of up to 1.68% per annum. year. Applying for these benefits is simple and can be done through FAB’s online banking and mobile app, while the approval process is instant, allowing applicants to receive a decision in minutes.
Speaking about the partnership, Sameh Al Qubaisi, Executive Director – Executive Affairs Office at ADDED said: “As the UAE’s largest bank and one of the largest financial institutions in the world, FAB has a unique understanding of the regional and global investment landscape. This distinguishes the bank as an outstanding ambassador for business in Abu Dhabi, exemplifying the entrepreneurial spirit that has become synonymous with the emirate. With a proven track record of enabling businesses to grow across the region, FAB shares the values that drive each of us at the Abu Dhabi Residents Office to achieve our goal of bringing together the most entrepreneurial and gifted people in the world. to their dreams and potential in Abu Dhabi. As part of our unwavering commitment to support the emirate’s thriving international community, we look forward to working closely with FAB as partners to create programs and offerings that distinguish Abu Dhabi as a world-class business center, local economy is supported. ”
Futoon Almazrouei, Group Head of Consumer Banking Group – UAE, said: “The UAE is building a diverse community of intellectuals and creatives who contribute to the development of its knowledge economy. By providing UAE Golden Visa recipients with exclusive benefits on mortgages and deposit products, FAB is making it easier for global talent to establish a long-term home in Abu Dhabi. At FAB, we will continue to support the UAE’s strategic objectives and work closely with federal and local governments to create impactful solutions for the benefit of the country and its people.”
The Golden Visa program was launched in 2019 by the Government of the UAE. Under the scheme, successful applicants can obtain a long-term residence visa that allows them to live, work, study and invest in the UAE. Candidates wishing to apply for the Golden Visa can visit the Abu Dhabi Residents Office (ADRO) website at adro.gov.ae for more details on each Golden Visa category and their respective criteria. Applicants can also use ADRO’s Golden Visa Eligibility Tool online to determine which visa category they qualify for.
The partnership between FAB and ADRO is the latest in a series of partnerships launched to support strategic government initiatives. FAB works closely with the UAE Federal Government, local governments and other government agencies in the financial domain to support the UAE’s economic and social objectives.