The financing option will be available exclusively for future Modon developments
Buying an off-plan home in Abu Dhabi could soon become much easier, thanks to a new financing solution that allows eligible buyers to borrow up to 75 per cent of a property’s value while it’s still under construction.
Launched through a partnership between Modon and Abu Dhabi Islamic Bank (ADIB), the new scheme is the first of its kind in Abu Dhabi and is designed to make getting onto the property ladder, or investing in a new home, more straightforward.
Until now, buyers purchasing off-plan properties have typically relied on developer payment plans during construction before arranging a mortgage once the property was completed.
The new initiative changes that by allowing eligible buyers to secure financing much earlier in the process, helping to spread the cost of buying a home over a longer period.
The financing option will be available exclusively for future Modon developments and is aimed at giving buyers greater flexibility while making it easier to secure a property before it’s finished.
Under the new payment structure, buyers will contribute 15 per cent of the property’s value during construction, followed by a further five to 10 per cent when the home is handed over.
Subject to eligibility and bank approval, ADIB will finance up to 75 per cent of the property’s value throughout the construction phase.
The launch comes at a time when Abu Dhabi’s property market continues to go from strength to strength.
Demand for new homes remains high, fuelled by population growth, major infrastructure projects and increasing interest from international investors looking to put down roots or expand their property portfolios in the capital.
For many buyers, one of the biggest challenges with purchasing an off-plan property has been managing the upfront costs before traditional mortgage finance becomes available. By introducing financing during construction, the new scheme reduces that hurdle and gives eligible buyers a clearer, more manageable route to homeownership.
It’s expected to appeal to a wide range of buyers, from first-time homeowners and young families to investors looking to secure a property in one of Abu Dhabi’s upcoming communities before completion.
The move also reflects the continued evolution of Abu Dhabi’s real estate market, where developers and financial institutions are increasingly working together to introduce more flexible ways of buying property.
As competition grows and demand for off-plan homes remains strong, innovative financing options such as this could make purchasing a new home more accessible than ever.
