Modon and ADIB Launch Abu Dhabi's First Off-Plan Home Financing Solution

ABU DHABI, UAE – Modon has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to introduce Abu Dhabi's first off-plan home financing solution, enabling eligible buyers to access financing during the construction phase of residential developments.

Available exclusively for future Modon projects, the new financing model allows eligible homebuyers to secure up to 75% financing through ADIB during construction, creating a more accessible and streamlined purchasing journey while marking a significant milestone in the evolution of Abu Dhabi's residential real estate market.

The agreement 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.

Up to 75% financing during construction

Under the new offering, customers can purchase an off-plan property through a structured payment plan that includes a 15% payment during the construction phase, followed by a further 5% to 10% payment upon handover.

Subject to customer eligibility, ADIB will finance up to 75% of the property's value during construction, providing funding throughout the homeownership journey.

Commenting on the partnership, Bill O'Regan, Group Chief Executive Officer of Modon Holding, said:

"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. Modon's off-plan financing solution with ADIB will give more buyers access to these opportunities, reflecting the market's ongoing transformation and supporting broader efforts to enhance global competitiveness. Together, we are helping create the conditions that enable sustainable sector growth while further reinforcing investor confidence."

Mohamed Abdelbary, Group Chief Executive Officer of Abu Dhabi Islamic Bank, added:

"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. Through our partnership with Modon, ADIB is introducing a first-of-its-kind offering in Abu Dhabi that transforms the home-buying experience by providing financing throughout the property development journey. By enabling eligible customers to finance up to 75% of a property's value during construction and through to handover, we are making homeownership more accessible while supporting the continued development of Abu Dhabi's real estate market."

Supporting greater market accessibility

According to Modon, the partnership reflects the developer's commitment to making homeownership more accessible while introducing innovative financial solutions that support the continued growth of Abu Dhabi's property market.

Ibrahim Al Maghribi, CEO of Modon Real Estate, said:

"At Modon, innovation extends beyond the communities we create to how we make homeownership more accessible. Our partnership with ADIB represents a significant step forward in redefining off-plan home financing by introducing a game-changing financing solution marks a new chapter for Abu Dhabi's real estate market. By unlocking easier access to Modon's future developments, it expands opportunities for eligible buyers and enhances market accessibility."

The partnership introduces a new financing framework designed to expand access to off-plan investment while offering greater flexibility for buyers and investors.

Modon and ADIB said the initiative reflects their shared commitment to delivering forward-looking financial solutions that enhance the property ownership journey while supporting Abu Dhabi's long-term economic and real estate ambitions.