Emirati developer Modon has signed an agreement with Abu Dhabi Islamic Bank (ADIB) to launch the capital’s first off‑plan home financing scheme. The arrangement, announced on 9 July 2026, will allow eligible buyers to obtain up to 75% financing for future Modon projects. The memorandum of understanding was signed in an official ceremony attended by senior executives from both organisations, including 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 scheme, customers can fund an off‑plan property through a structured payment plan that includes a 15% payment during the construction phase and a further 5% to 10% payment upon handover. ADIB will provide the financing subject to eligibility criteria, covering the majority of the property’s value throughout the development cycle. This approach aligns loan disbursements with construction milestones, reducing financial strain for buyers and ensuring a smoother transaction process.
Financing details and eligibility
The offering is exclusive to Modon’s upcoming developments, meaning buyers can lock in a home before construction is complete. By spreading payments, the model aims to ease cash‑flow pressures for purchasers while ensuring a smoother transaction process. The scheme is limited to Modon’s future projects, reinforcing the developer’s commitment to innovative financing solutions that support buyer accessibility.
Eligibility will be assessed by ADIB based on standard credit and income checks. Qualified applicants will receive financing that can be drawn down at key milestones, aligning loan disbursements with the progress of the building work.
Industry response and market implications
“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,”
— Bill O’Regan, Group CEO, Modon Holding
“As Abu Dhabi's real estate market continues to create compelling opportunities and attract strong demand, it is important that financing solutions evolve alongside it,”
— Mohamed Abdelbary, Group CEO, ADIB
Ibrahim Al Maghribi added that the partnership reflects Modon’s broader strategy to make homeownership more accessible and to unlock easier access to its future developments, expanding opportunities for eligible buyers. The executives highlighted that the new financing solution reflects a broader transformation of Abu Dhabi’s property sector. By enabling buyers to secure homes earlier in the development timeline, the scheme is expected to boost demand for Modon’s upcoming projects and reinforce investor confidence in the market.
Both parties see the collaboration as a step toward more accessible homeownership and a catalyst for sustained growth in the emirate’s real estate landscape, underscoring their focus on supporting sustainable sector growth and reinforcing investor confidence.
Frequently asked questions
What is off‑plan home financing scheme?
Modon and ADIB's off‑plan home financing scheme allows eligible buyers to secure up to 75% of an off‑plan property’s value in Abu Dhabi.
How does the payment plan work?
The payment plan includes a 15% payment during the construction phase and a further 5% to 10% payment upon handover, with ADIB providing financing subject to eligibility criteria.
What are the eligibility criteria for the financing scheme?
Eligibility will be assessed by ADIB based on standard credit and income checks, with qualified applicants receiving financing that can be drawn down at key milestones.
Which projects are eligible for the financing scheme?
The financing scheme is exclusive to Modon’s upcoming developments, allowing buyers to lock in a home before construction is complete.
How much financing can be secured through the scheme?
Eligible buyers can secure up to 75% financing for future Modon projects through the scheme.
Who is offering the off‑plan home financing scheme?
The off‑plan home financing scheme is being offered by Modon and Abu Dhabi Islamic Bank (ADIB).
