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

1. Introduction

On July 9, 2026, Modon signed a Memorandum of Understanding with Abu Dhabi Islamic Bank to introduce Abu Dhabi’s first-of-its-kind home financing solution for off-plan property purchases. For the first time in the emirate, eligible homebuyers will be able to access up to 75% off-plan home financing through ADIB — available exclusively for future Modon developments. The MoU 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 at ADIB.

For a market where 87% of residential transactions have historically been cash-funded, this is a structural first — a bank financing an off-plan purchase throughout the entire construction period rather than only at handover, when a completed title deed traditionally becomes the collateral banks require.

2. How the Financing Structure Works

The mechanics of the new offering are precise and represent a genuine departure from how off-plan property has traditionally been financed in Abu Dhabi:

Customers can secure an off-plan property through this structured payment plan while ADIB finances up to 75% of the property’s value, subject to eligibility, during off-plan and construction — providing customers with access to funding throughout their homeownership journey rather than only once the unit is complete and registered.

3. Why This Matters for Abu Dhabi’s Off-Plan Market

Off-plan transactions accounted for 81% of Abu Dhabi’s total residential sales value in Q1 2026, with an average ticket size of AED 5.2 million. Until now, that segment has been overwhelmingly dominated by cash buyers, because mainstream mortgage financing in the UAE has typically only applied once a completed title deed exists. This MoU changes that dynamic specifically for Modon’s future launches — extending bank-backed financing into the construction phase itself, when off-plan pricing is at its most advantageous relative to eventual handover value.

Bill O’Regan, Group CEO of Modon Holding, framed the significance directly: “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.”

For a developer whose active portfolio spans Nawayef Village, Wadeem, Bashayer, Al Naseem, and the Nawayef East and West communities on Hudayriyat Island — collectively responsible for over AED 10 billion in sell-out sales — extending bank-backed financing to future launches removes one of the last remaining friction points between demand and access. Buyers who previously needed to accumulate the full 75% to 80% of a property’s value in cash to participate in Modon’s off-plan launches now have a formal, bank-backed pathway to enter earlier in the development cycle. For buyers exploring how this financing structure applies to specific upcoming projects, working with a professional real estate brokerage in Abu Dhabi that tracks Modon’s launch calendar alongside financing eligibility criteria is the most direct way to prepare in advance.

4. What ADIB Brings to the Partnership

Mohamed Abdelbary, Group CEO of Abu Dhabi Islamic Bank, positioned the offering as a direct response to market evolution: “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.”

ADIB holds AED 287 billion in assets and has a long-standing regional presence spanning the UAE, Egypt, the United Kingdom, Qatar, and Iraq, alongside recognition as World’s Best Islamic Bank by The Banker, a Financial Times publication. That institutional scale is relevant for buyers evaluating the credibility of the financing product — this is not a niche developer-arranged payment plan but a Sharia-compliant financing structure backed by one of the UAE’s largest banking institutions.

5. What This Means for Modon’s Future Buyers

Ibrahim Al Maghribi, CEO of Modon Real Estate, described the partnership as extending beyond product design into the ownership journey itself: “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 unlocking easier access to Modon’s future developments, it expands opportunities for eligible buyers and enhances market accessibility.”

The practical implication for prospective buyers of Modon’s upcoming Hudayriyat Island phases and any future master-planned communities is a materially lower cash barrier to entry. Where previous Modon launches — such as Wadeem’s AED 3.2 million starting price with a 50/50 payment plan — required substantial upfront cash commitment, future launches under this financing framework could allow eligible buyers to commit a fraction of that in cash while accessing bank financing for the remainder throughout construction. For investors and end-users who have been priced out of Modon’s off-plan sell-outs due to cash requirements alone, this MoU is the clearest signal yet that the barrier to entry is being deliberately lowered. For guidance on eligibility and how to position ahead of Modon’s next launch under this new framework, consulting a capital appreciation specialist in Abu Dhabi is the most efficient starting point.

6. Conclusion

The Modon and ADIB partnership is a structural first for Abu Dhabi’s off-plan market — extending genuine bank financing to a segment that has historically operated almost entirely on cash. Up to 75% financing, a payment structure of just 15% during construction and 5% to 10% at handover, and the institutional backing of one of the UAE’s largest Islamic banks together lower the barrier to entry into Modon’s future developments significantly. For a market where off-plan already represents 81% of transaction value, formal financing infrastructure of this kind does not just support demand — it expands who can participate in it.