DAMAC Properties, the luxury real estate developer in the UAE, and Abu Dhabi Islamic Bank PJSC (ADIB) have partnered to launch a home financing solution, enabling the UAE residents to secure financing for off-plan properties once construction reaches 35 percent completion.
With this pioneering initiative, DAMAC becomes the first developer to offer such a financing option, making homeownership more accessible and convenient for buyers.
This move falls in line with DAMAC and ADIB’s commitment to delivering customer-centric financial solutions that streamline investing in luxury real estate. As market dynamics evolve, this innovative financing plan marks a significant breakthrough, allowing residents and investors to secure prime properties and benefit from market appreciation.
Amira Sajwani MD of Sales & Development – DAMAC Properties
“This is a game-changer for DAMAC, for residents and investors in the UAE. A trusted partner like ADIB is essential in bringing innovative and accessible home financing solutions to the market. It is also a testament to our unwavering commitment to making homeownership a reality for many residents. We are thrilled to be the first developer in the UAE to introduce this solution, which makes luxury living even more accessible and sets a new standard for financial flexibility in real estate investment in the UAE.”
Elie Hayek, Head of Home Finance at ADIB, added that, “At ADIB, we are dedicated to pioneering innovative home financing solutions that empower investors and contribute to the growth of the real estate market in the UAE. Our collaboration with DAMAC Properties exemplifies this commitment, and we are proud to support the introduction of this exclusive plan, which aligns with our vision of providing seamless, Sharia-compliant financing options to homebuyers.”
Transforming flexible financing
DAMAC is setting a new standard in home finance by introducing a more flexible financing plan tailored to evolving market conditions and investor needs. This initiative comes as the UAE’s real estate market is experiencing a rapid growth, and buyer confidence is reaching record levels.
As property values are expected to increase and market dynamics evolve, this initiative ensures that premium real estate investments remain accessible to a diverse range of buyers. With this strategic move, DAMAC continues to strengthen its commitment to investor-friendly solutions and set new real estate financing benchmarks.
