Modon has partnered with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi's first dedicated off-plan home financing solution, marking a significant milestone in the emirate's residential property market. Through a newly signed Memorandum of Understanding (MoU), eligible buyers will be able to obtain financing of up to 75% of a property's value during the construction phase of future Modon developments. The initiative is designed to simplify the home-buying journey by providing financial support from the early stages of development until handover, making homeownership more accessible while strengthening Abu Dhabi's evolving real estate ecosystem.
The agreement was signed in the presence of senior executives from both organisations, including Bill O'Regan, Group CEO of Modon Holding, Ibrahim Al Maghribi, CEO of Modon Real Estate, and Mohamed Abdelbary, Group CEO of ADIB. The partnership reflects growing collaboration between developers and financial institutions to introduce innovative products that address changing buyer expectations while supporting the emirate's long-term housing strategy.
First-of-Its-Kind Financing in Abu Dhabi
The financing solution is the first in Abu Dhabi to provide eligible homebuyers with funding throughout the entire off-plan development journey. Traditionally, buyers relied on developer payment plans until projects reached specific construction milestones before banks could offer mortgages. Under the new arrangement, ADIB will finance up to 75% of the property's value during construction, enabling buyers to secure homes earlier with reduced upfront financial pressure. The offering will initially be available exclusively for Modon's future residential developments.
Improving Access to Homeownership
The partnership has been developed to make homeownership more attainable by lowering the financial barriers associated with purchasing off-plan properties. Earlier access to financing allows buyers to participate in new project launches without relying solely on staged developer payment plans. The initiative is also expected to attract a broader group of end-users and investors seeking flexible financing options backed by a leading Islamic financial institution. According to ADIB, the solution transforms the home-buying experience by supporting customers throughout the property's development cycle rather than only after completion.
Supporting Abu Dhabi's Real Estate Growth
Abu Dhabi's residential market has witnessed sustained demand over the past few years, supported by population growth, investor-friendly regulations and large-scale master-planned communities. Modon has emerged as one of the emirate's leading developers through projects on Hudayriyat Island, Reem Island and other strategic locations. The introduction of innovative financing solutions is expected to further strengthen buyer confidence while supporting continued investment in the off-plan residential segment.
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Benefits for Buyers and the Market
For buyers, the financing programme provides earlier access to mortgage funding, greater financial flexibility and a more streamlined purchasing process. For the broader market, it encourages stronger participation in off-plan developments while helping developers reach a wider customer base. The collaboration also aligns with Abu Dhabi's ambition to enhance its competitiveness as a global real estate investment destination by introducing customer-focused financial products that support sustainable market growth.
Innovation Drives the Next Phase of Property Finance
Both Modon and ADIB view the partnership as an important step towards modernising residential property financing in Abu Dhabi. By integrating Sharia-compliant financing with the off-plan purchase process, the initiative introduces greater convenience and certainty for homebuyers while reinforcing confidence in the emirate's residential market. As demand for quality housing continues to grow, similar financing models could play an increasingly important role in supporting future real estate development across the UAE.
- Modon and ADIB have introduced Abu Dhabi's first off-plan home financing solution.
- Eligible buyers can access financing of up to 75% of the property's value.
- The programme applies to future Modon residential developments.
- The financing supports buyers throughout the construction period until handover.
- The solution is designed to improve affordability and simplify homeownership.
- The partnership supports Abu Dhabi's growing off-plan residential market.
Strengthening Abu Dhabi's Home Financing Landscape
The collaboration between Modon and ADIB introduces a new financing model that enhances accessibility to off-plan homeownership while supporting the continued growth of Abu Dhabi's residential property sector. By combining innovative financing with high-quality residential developments, the partnership is expected to strengthen investor confidence, expand homeownership opportunities and contribute to the emirate's long-term urban development objectives.
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