Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to launch Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases.

For the first time in the emirate, eligible homebuyers will be able to access financing of up to 75% for off-plan properties through ADIB.

Available exclusively for future Modon developments, the innovative financing solution enables customers to secure homes earlier in the development cycle through a more seamless purchasing journey, marking a significant milestone in the evolution of Abu Dhabi’s real estate market.

The MoU was signed 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 of ADIB.

Under the new offering, customers can secure an off-plan property through a structured payment plan, comprising a 15% payment during the construction phase, followed by a further 5–10% payment upon handover. Subject to customer eligibility, ADIB will finance up to 75% of the property's value during the off-plan and construction stages, providing buyers with access to funding throughout their homeownership journey.

The partnership supports the continued growth of Abu Dhabi's real estate sector by introducing an innovative financing framework that expands access to off-plan investment while providing greater flexibility for buyers and investors. It also reflects Modon and ADIB's shared commitment to delivering forward-looking solutions that enhance the property ownership journey and support the emirate's long-term ambitions.

Source: Modon, ADIB introduce Abu Dhabi’s first off-plan home financing solutions