AI
Saudi Arabia
UAE
EgyptDAMAC and ADIB Join Forces to Offer Groundbreaking Home Financing for UAE Residents
2 min
DAMAC becomes the first UAE developer to provide home financing for off-plan projects at this stage.
The initiative makes luxury real estate more accessible to residents.
ADIB aims to enhance flexibility in housing finance and support the property market.
The UAE’s real estate sector continues to experience rapid growth and rising demand.
The partnership aligns with both companies’ strategies to offer tailored financial solutions for investors.
Owning a home in the UAE is now more attainable for residents, thanks to a pioneering initiative by DAMAC Properties and Abu Dhabi Islamic Bank (ADIB). The collaboration enables expatriates and investors to secure financing for properties under construction, provided the project has reached 35% completion—a significant step that makes DAMAC the first real estate developer in the country to offer such a service.
This financing model opens up new possibilities for buyers looking to invest in luxury real estate without waiting for project completion. It also reflects DAMAC’s continued commitment to making homeownership more accessible while adapting to evolving market trends.
“We see this partnership as a game-changer for the UAE’s real estate market,” said Amira Sajwani, Managing Director of Sales and Development at DAMAC Properties. “By offering financing options at this stage of construction, we are breaking barriers and ensuring that more residents can secure their dream homes with greater ease and flexibility. This initiative underscores our mission to set new industry standards for financial accessibility and luxury living.”
ADIB, a leading financial institution known for its customer-centric approach, views this partnership as an extension of its mission to support homebuyers. “We are always looking for innovative ways to empower property investors and end-users,” said Elie Hayek, Head of Real Estate Finance at ADIB. “Our collaboration with DAMAC reflects our shared vision of providing tailored financial solutions that align with market needs and help drive long-term growth in the real estate sector.”
The UAE’s property market is currently experiencing a surge in demand, driven by increasing investor confidence and strong economic growth. With real estate prices rising steadily, this financing solution is expected to attract a wide range of buyers looking to capitalize on market trends.
By combining ADIB’s financial expertise with DAMAC’s reputation for luxury developments, this initiative is set to redefine accessibility in the property market. For residents and investors alike, the path to homeownership just became significantly more flexible.
