Eligible buyers will be able to access up to 75 percent financing on future Modon developments, covering the construction phase through to handover.
July 14, 2026 | Riya Malhotra | UAE | Real Estate
Modon has signed a Memorandum of Understanding with Abu Dhabi Islamic Bank to introduce Abu Dhabi’s first off-plan home financing solution, marking a major shift in how buyers can access homes under development in the emirate.
Under the new offering, eligible homebuyers will be able to access up to 75 percent off-plan home financing through ADIB for future Modon developments. The solution is designed to support buyers through the full development journey, from construction to handover.
The scheme allows customers to secure an off-plan property through a structured payment plan comprising a 15 percent payment during the construction phase and a further 5 to 10 percent payment upon handover. Subject to customer eligibility, ADIB will finance up to 75 percent of the property’s value during the off-plan and construction period.
The partnership is expected to improve access to homeownership in Abu Dhabi, where off-plan activity has become an increasingly important part of the real estate market. By reducing the upfront capital required during the construction phase, the new financing model could make future Modon launches more accessible to eligible end-users and investors.
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.
Bill O’Regan said Abu Dhabi continues to strengthen its position as an attractive destination for investment and long-term growth, creating strong demand for new real estate launches. He said the financing solution with ADIB would give more buyers access to these opportunities while supporting sustainable sector growth and investor confidence.
Mohamed Abdelbary said financing solutions need to evolve alongside Abu Dhabi’s growing real estate market. He said the partnership introduces a first-of-its-kind offering in the emirate by providing financing throughout the property development journey.
Ibrahim Al Maghribi said the partnership represents a significant step in redefining off-plan home financing and making homeownership more accessible. He added that the solution would unlock easier access to Modon’s future developments and expand opportunities for eligible buyers.
The launch comes as Abu Dhabi’s property market continues to attract strong demand across master-planned communities and major residential destinations. For Modon, the financing framework adds a new layer of accessibility to its future development pipeline. For ADIB, it expands the role of Sharia-compliant home finance in the off-plan segment.
The new model also reflects a wider shift in the UAE real estate market, where developers and financial institutions are working more closely to improve buyer flexibility, support market liquidity and make property ownership more accessible during earlier stages of development.
Source: Official Communications; Zawya - Photo credits
