Buying an off-plan home in Abu Dhabi is about to become much easier.
In a landmark move for the UAE real estate market, Modon and ADIB Introduce Abu Dhabi’s First Off-Plan Home Financing Solutions , allowing eligible buyers to secure up to 75% bank financing while their property is still under construction.
The new initiative changes how buyers finance off-plan homes. Instead of waiting until handover to obtain a mortgage, qualified purchasers can now access financing much earlier in the buying journey. The move is expected to attract more investors, reduce upfront costs, and strengthen Abu Dhabi's growing property market.
A First for Abu Dhabi's Property Market
Traditionally, off-plan buyers have relied mainly on developer payment plans during construction and only arranged mortgage financing after project completion.
The new financing model changes that approach.
Under the partnership between Modon and ADIB, eligible buyers can receive financing of up to 75% of the property's value during construction, making it easier to manage payments while the project is being built.
This is the first solution of its kind introduced in Abu Dhabi and marks a major milestone in the emirate's residential real estate sector.
How the New Financing Works
According to Arabian Business, the financing structure is designed to lower the financial burden on buyers throughout the construction period.
Eligible buyers will typically:
- Receive up to 75% financing from ADIB during construction.
- Pay around 15% during the construction phase.
- Contribute the remaining 5% to 10% at handover, depending on the project.
All financing remains subject to ADIB's standard eligibility requirements, including income verification, credit assessment, and financing approval.
Why This Matters for Buyers
For many homebuyers, saving a large amount for off-plan installments can be challenging.
With bank financing available from the early stages, buyers can spread their financial commitments more effectively instead of funding most payments themselves until completion.
The new model offers several benefits:
- Lower upfront financial commitment.
- Better cash flow during construction.
- Earlier access to mortgage financing.
- Increased confidence when purchasing off-plan homes.
- Greater affordability for eligible first-time buyers and investors.
The initiative is also expected to encourage more end-users to enter Abu Dhabi's property market while supporting long-term investment activity.
Exclusive to Future Modon Developments
The financing solution will initially be available for future residential developments by Modon.
As one of Abu Dhabi's leading master developers, Modon continues to expand its portfolio with large-scale communities designed for modern living. The partnership with ADIB adds another layer of accessibility by simplifying the financing process for prospective homeowners.
Industry Leaders See a Major Shift
Leaders from both organizations described the initiative as an important step toward transforming Abu Dhabi's real estate landscape.
Bill O'Regan, Group CEO of Modon Holding, said the partnership reflects the company's commitment to creating innovative solutions that improve access to homeownership while strengthening Abu Dhabi's position as a global investment destination.
Mohamed Abdelbary, Group CEO of ADIB, said the new financing solution reshapes the home-buying journey by providing financing throughout the development phase rather than waiting until project completion.
Meanwhile, Ibrahim Al Maghribi, CEO of Modon Real Estate, described the initiative as a significant milestone that redefines off-plan home financing and makes the market more accessible for eligible buyers.
A Positive Signal for Abu Dhabi's Real Estate Market
The announcement comes at a time when Abu Dhabi's residential market continues to gain momentum, supported by growing investor demand, major master-planned developments, and government initiatives aimed at attracting local and international buyers.
By removing one of the biggest barriers to off-plan purchases—large upfront payments—the new financing model could encourage more investors to enter the market and increase demand for new residential projects.
It also highlights the growing collaboration between developers and financial institutions to create more flexible homeownership solutions in the UAE.
The Bottom Line
The partnership between Modon and Abu Dhabi Islamic Bank introduces a new era for Abu Dhabi's off-plan property market.
By offering up to 75% financing during construction, the initiative makes buying a new home more accessible, reduces financial pressure on buyers, and supports the continued growth of Abu Dhabi's real estate sector.
As demand for quality residential developments continues to rise, this innovative financing solution could become a model for future off-plan property financing across the UAE.
