Abu Dhabi Islamic Bank and DAMAC Properties have launched a new home financing solution aimed at easing access to homeownership and reducing financial barriers for buyers across the UAE.
The initiative is designed to provide greater financial stability and affordability for individuals and families seeking to purchase homes, while supporting the continued growth of the UAE real estate sector.
The financing plan offers DAMAC customers flexible financing structures, fee waivers, short-term cost support and complimentary property takaful, or Shariah-compliant insurance, to reduce upfront expenses and simplify the onboarding process for new homeowners.
The ADIB-DAMAC partnership reflects the shared goal of both companies to improve the homeownership experience and expand access to housing solutions in line with the UAE real estate market’s ongoing development and maturity.
Both companies said they will continue exploring additional customer-focused financing solutions to improve accessibility to homeownership and support the evolving needs of UAE residents.
Amira Sajwani MD of Sales & Development – DAMAC Properties
“True leadership is about anticipating the needs of the people you serve to meet aspiration with opportunity. Through our collaboration with ADIB, we are making homeownership simpler and more affordable to individuals and families. In a world of rapid change, the dream of owning a home should be a constant, so we will continue to build pathways to stability and prosperity to support families in finding a place to call their own.”
Amit Malhotra, Global Head of Retail at Abu Dhabi Islamic Bank, said that, “This partnership is a clear demonstration of ADIB’s commitment to revolutionizing the customer experience as part of its vision for 2035. By combining strategic collaborations with leading solutions, such as our straight through digital onboarding for home finance approvals that has reduced onboarding timelines from days to minutes, ADIB is making its vision of becoming the world’s most innovative Islamic bank a reality.”
