Modon and ADIB introduce Abu Dhabi’s first off-plan home financing solutions

Summary:

Modon and Abu Dhabi Islamic Bank (ADIB) have signed a Memorandum of Understanding to launch Abu Dhabi's first home financing solution for off-plan property purchases, allowing eligible buyers to finance up to 75% of a property's value. This innovative offering includes a structured payment plan with 15% during construction and 5-10% at handover, making homeownership more accessible. The partnership aims to enhance the real estate market and investor confidence in Abu Dhabi, reflecting the emirate's growth as an attractive investment destination.