New Home Financing Initiative Allows Buyers to Secure Loans at 35% Construction Completion
Dubai, 4th March 2025 – In a groundbreaking move for the UAE real estate market, DAMAC Properties has partnered with Abu Dhabi Islamic Bank (ADIB) to introduce an innovative home financing solution for off-plan properties. This initiative allows UAE residents to obtain financing once 35% of construction is completed, making DAMAC the first developer in the region to offer such flexibility.
A Game-Changing Approach to Home Financing
This strategic collaboration between DAMAC and ADIB is set to transform homeownership accessibility in the UAE. Eligible buyers who have paid 50% of the purchase price under the Sales and Purchase Agreement (SPA) can now apply for home financing, offering greater financial flexibility and investment security.
Amira Sajwani, Managing Director of Sales & Development at DAMAC Properties, highlighted the significance of this initiative:
“This is a game-changer for DAMAC, UAE residents, and investors. Partnering with a trusted institution like ADIB allows us to bring innovative and accessible home financing solutions to the market. Our commitment to making luxury homeownership a reality has never been stronger. As the first developer in the UAE to offer this financing model, we are setting a new standard in financial flexibility for real estate investment.”
ADIB’s Commitment to Empowering Homebuyers
As a leader in Sharia-compliant home financing, ADIB is equally enthusiastic about the partnership. Elie Hayek, Head of Home Finance at ADIB, emphasized the bank’s dedication to innovation in real estate financing:
“At ADIB, we are committed to pioneering financial solutions that empower investors and contribute to the UAE’s thriving real estate market. This collaboration with DAMAC reflects our vision of offering seamless and Sharia-compliant home financing options, ensuring greater accessibility to premium properties.”
Driving Confidence in the UAE Real Estate Market
The UAE’s property sector is experiencing record growth, with increasing buyer confidence and rising demand for luxury developments. This financing initiative arrives at a crucial time, enabling investors to secure properties early in the development cycle and benefit from market appreciation. By reducing financial barriers, DAMAC and ADIB are broadening access to high-value real estate investments for a wider range of buyers.
Why This Financing Model Stands Out
- Increased Affordability: Buyers can secure a loan without waiting for full project completion.
- Market Advantage: Investors can capitalize on property value appreciation before project handover.
- Flexible Payment Structure: Reduced financial strain with structured financing solutions.
- Sharia-Compliant Financing: Aligns with ADIB’s commitment to ethical, interest-free banking.
DAMAC’s Vision: Redefining Luxury Real Estate
Since 2002, DAMAC Properties has been a leader in the luxury real estate sector, delivering over 48,000 homes and shaping iconic developments across the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Iraq, the Maldives, Canada, the U.S., and the UK.
DAMAC’s partnerships with world-renowned brands like Versace, Roberto Cavalli, and de GRISOGONO have redefined luxury living, offering residents exclusive, high-end experiences. With this latest financing initiative, DAMAC continues to push the envelope in real estate innovation, setting new benchmarks for investor-friendly solutions.
Unlock Your Dream Home Today
The partnership between DAMAC Properties and ADIB marks a pivotal shift in UAE home financing, making property ownership more accessible and financially flexible. Whether you’re a first-time buyer or a seasoned investor, this initiative provides an unmatched opportunity to enter the luxury real estate market with ease.
For more details, visit www.damacproperties.com or follow DAMAC Properties on Facebook, X, Instagram, LinkedIn, and YouTube (@DAMACofficial).