Modon and ADIB Introduce Abu Dhabi’s First Off-Plan Home Financing Solution
Buying an off-plan home in Abu Dhabi could soon become more accessible following a new partnership between Modon and Abu Dhabi Islamic Bank (ADIB).
The two organisations have signed a Memorandum of Understanding (MoU) to introduce Abu Dhabi's first dedicated off-plan home financing solution, allowing eligible buyers to finance up to 75% of a property's value during the construction phase.
The initiative is designed exclusively for future Modon developments and marks a significant step in making off-plan homeownership more accessible across the emirate.
A New Approach to Off-Plan Home Financing
Traditionally, buyers purchasing off-plan properties have relied on developer payment plans until project completion before arranging a mortgage.
Under the new financing model, eligible buyers can secure funding much earlier in the purchasing journey.
Customers will be able to purchase an off-plan property through a structured payment plan, including a 15% payment during construction and an additional 5% to 10% payment upon handover. Subject to eligibility, ADIB will finance up to 75% of the property's value throughout the construction period, providing buyers with greater financial flexibility.
The new solution aims to simplify the home-buying process while expanding access to off-plan investment opportunities in Abu Dhabi.
Supporting Abu Dhabi's Growing Property Market
Commenting on the partnership, Bill O'Regan, Group Chief Executive Officer of Modon Holding, said Abu Dhabi continues to strengthen its position as one of the world's most attractive destinations for investment and long-term growth.
Abu Dhabi continues to strengthen its position as one of the world's most attractive destinations for investment and long-term growth, creating high demand for new real estate launches. Modon's off-plan financing solution with ADIB will give more buyers access to these opportunities, reflecting the market's ongoing transformation and supporting broader efforts to enhance global competitiveness.
The partnership comes as Abu Dhabi's off-plan market continues to experience strong demand, driven by new residential launches and increasing investor confidence.
Financing Throughout the Development Journey
According to Mohamed Abdelbary, Group Chief Executive Officer of Abu Dhabi Islamic Bank, the new offering changes how buyers can finance off-plan homes by providing funding throughout the property's development.
"Through our partnership with Modon, ADIB is introducing a first-of-its-kind offering in Abu Dhabi that transforms the home-buying experience by providing financing throughout the property development journey. By enabling eligible customers to finance up to 75% of a property's value during construction and through to handover, we are making homeownership more accessible while supporting the continued development of Abu Dhabi's real estate market."
The financing solution is expected to provide buyers with greater confidence when purchasing off-plan properties while supporting long-term growth across the residential sector.
Expanding Opportunities for Homebuyers
The partnership reflects a broader effort to introduce more flexible financing options within Abu Dhabi's real estate market.
By reducing the financial barriers associated with off-plan purchases, the initiative is expected to create more opportunities for both first-time buyers and investors looking to secure homes in upcoming Modon developments.
Ibrahim Al Maghribi, CEO of Modon Real Estate, said the company continues to focus on innovation beyond community development.
"At Modon, innovation extends beyond the communities we create to how we make homeownership more accessible. Our partnership with ADIB represents a significant step forward in redefining off-plan home financing by introducing a game-changing financing solution. By unlocking easier access to Modon's future developments, it expands opportunities for eligible buyers and enhances market accessibility."
What This Means for Buyers
The introduction of Abu Dhabi's first off-plan home financing solution represents an important development for the emirate's property market.
For eligible buyers, financing up to 75% of a property's value during construction could make it easier to purchase homes earlier in the development cycle, while offering greater flexibility throughout the buying process.
As Abu Dhabi continues to launch new master-planned communities, initiatives like this are expected to support wider access to homeownership and encourage continued growth in the off-plan sector.
Frequently Asked Questions
Modon and Abu Dhabi Islamic Bank (ADIB) have partnered to introduce Abu Dhabi’s first off-plan home financing solution. The initiative allows eligible buyers to finance up to 75% of a property’s value during the construction phase for selected future Modon developments.
Eligible customers can receive financing of up to 75% of the property’s value, subject to ADIB’s financing criteria and approval process.
The financing solution will be available exclusively for future off-plan villa developments by Modon. It does not apply to existing projects or developments by other developers.
The solution is designed for eligible buyers purchasing future Modon developments. Investors may also qualify, provided they meet ADIB’s financing requirements and eligibility criteria.
This is the first dedicated off-plan home financing solution in Abu Dhabi, making it easier for eligible buyers to purchase homes earlier in the development cycle while supporting continued growth in the emirate’s property market.
