Background


Abu Dhabi Commercial Properties LLC was established by Abu Dhabi Commercial Bank in 2007 to coincide with the signing of a Memorandum of Understanding with the Finance Department of the Government of Abu Dhabi in accordance with which ADCB acquired responsibility for the management of the Commercial Buildings Financing Scheme (CBFS) previously known as the Department of Social Services and Commercial Buildings (DSSCB).

The DSSCB is a division of the Department of Finance, Government of Abu Dhabi which has been in operation for over 30 years and is administered under the auspices of Abu Dhabi Crown Prince Court. Under the Scheme, citizens are granted individual plots of land in the Emirates of Abu Dhabi for the purpose of constructing commercial and/or residential buildings on those plots of land. The Executive Council of Abu Dhabi then sanctions loans to the individuals in order to meet constructions costs.

ADCP's sister company, Abu Dhabi Commercial Engineering Services (ADCE) was established in 2007 to oversee the construction of the DSSCB buildings and upon completion asset management services are delivered by ADCP.