Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases.
According to the statement, the eligible homebuyers can now access up to 75 percent financing for off-plan homes through ADIB, a first in the emirate.
Available exclusively for future Modon developments, the innovative 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 at ADIB.
Under the offering, customers can secure an off-plan property through a structured payment plan comprising a 15 percent payment plan during the construction phase and a further 5 to 10 percent payment upon handover.
ADIB will finance up to 75 percent of the property’s value, subject to customers’ eligibility during off-plan and construction, providing customers with access to funding throughout their homeownership journey.
Bill O’Regan Group CEO – Modon
“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. Together, we are helping create the conditions that enable sustainable sector growth while further reinforcing investor confidence.”
Mohamed Abdelbary, Group Chief Executive Officer of Abu Dhabi Islamic Bank, said that, “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 percent 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.”
Ibrahim Al Maghribi, CEO of Modon Real Estate, noted that “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, marking a new chapter for Abu Dhabi’s real estate market. By unlocking easier access to Modon’s future developments, it expands opportunities for eligible buyers and enhances market accessibility.”
