Modon and ADIB Launch Abu Dhabi’s First Off-Plan Home Financing Solution, Offering Up to 75% Funding
Abu Dhabi, UAE – Modon has entered into a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to unveil a groundbreaking home financing solution for off-plan property purchases in Abu Dhabi. This initiative allows eligible homebuyers to access up to 75% financing for off-plan properties, a first for the emirate. The solution is exclusively available for upcoming Modon developments, enabling customers to secure homes earlier in the development process, thereby enhancing the purchasing experience and marking a pivotal moment in Abu Dhabi’s real estate landscape.
The MoU was formalized during an official ceremony attended by Bill O’Regan, Group CEO of Modon Holding; Ibrahim Al Maghribi, CEO of Modon Real Estate; and Mohamed Abdelbary, Group CEO at ADIB.
Innovative Financing Structure
Under this new offering, customers can purchase off-plan properties through a structured payment plan. This plan includes a 15% payment during the construction phase, followed by an additional 5% to 10% upon handover. ADIB will finance up to 75% of the property’s value, contingent on customer eligibility during both the off-plan and construction phases, thereby providing continuous funding throughout the homeownership journey.
Bill O’Regan emphasized that Abu Dhabi is solidifying its status as a premier destination for investment and sustainable growth, which has led to heightened demand for new real estate projects. He noted that Modon’s collaboration with ADIB will broaden access to these opportunities, reflecting the ongoing transformation of the market and bolstering investor confidence.
Enhancing Homeownership Accessibility
Mohamed Abdelbary highlighted the importance of evolving financing solutions in tandem with the burgeoning real estate market in Abu Dhabi. He stated that this partnership introduces a unique offering that redefines the home-buying experience. By allowing eligible customers to finance a significant portion of a property’s value during the construction phase and up to handover, the initiative aims to make homeownership more attainable and support the ongoing development of the emirate’s real estate sector.
Ibrahim Al Maghribi remarked that innovation at Modon extends beyond the communities they develop. He described the partnership with ADIB as a significant advancement in off-plan home financing, marking a new chapter for the real estate market in Abu Dhabi. By facilitating easier access to future Modon developments, this initiative expands opportunities for eligible buyers and enhances market accessibility.
Implications for Abu Dhabi’s Real Estate Sector
This partnership is poised to foster continued growth in Abu Dhabi’s real estate sector by introducing a novel financing framework that enhances access to off-plan investments. It creates greater flexibility for both buyers and investors, reflecting the commitment of Modon and ADIB to deliver forward-thinking solutions that improve the property ownership experience while aligning with the emirate’s long-term objectives.
For more information, visit Modon or call 800 MODON.
About Modon
Modon is an international holding company based in Abu Dhabi, United Arab Emirates, and is listed on the Abu Dhabi Securities Exchange (ADX). The company is at the forefront of urban innovation, delivering iconic designs and experiences across various sectors, including real estate, hospitality, asset management, and urban infrastructure.
For further inquiries, contact:
- Email: press@modon.com
- Phone: 800 MODON
About Abu Dhabi Islamic Bank (ADIB)
ADIB is a leading financial institution in the UAE, boasting AED 287 billion in assets. The bank provides a comprehensive range of services, including retail, corporate, and wealth management solutions, alongside world-class online and mobile banking facilities. Established in 1997, ADIB’s shares are traded on the Abu Dhabi Securities Exchange (ADX) and it maintains a strong presence in key markets, including Egypt, the UK, Qatar, and Iraq.
Source: www.zawya.com
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Published on 2026-07-09 16:31:00 • By the Editorial Desk
