UAE Real Estate Developer And Bank Team Up For Game-changing Property Financing Offer

A leading UAE real estate developer and bank are teaming up for a “game-changing” finance solution to make home ownership more accessible.

DAMAC Properties has partnered with Abu Dhabi Islamic Bank (ADIB) to introduce a home financing solution that enables UAE residents to secure financing for off-plan properties once construction reaches 35 per cent completion.

This makes DAMAC the first developer to offer such a financing option, making homeownership more accessible and convenient for buyers.

UAE real estate financing

This initiative aligns with DAMAC and ADIB’s commitment to providing customer-centric financial solutions that simplify investing in luxury real estate.

As market dynamics evolve, this financing plan represents a leap forward, enabling residents and investors to secure prime properties and benefit from market appreciation.

Amira Sajwani, Managing Director of Sales and Development at DAMAC Properties, said: “This is a game-changer for DAMAC, for residents and investors in the UAE. A trusted partner like ADIB is essential in bringing innovative and accessible home financing solutions to the market.

“It is also a testament to our unwavering commitment to making homeownership a reality for many residents. We are thrilled to be the first developer in the UAE to introduce this solution, which makes luxury living even more accessible and sets a new standard for financial flexibility in real estate investment in the UAE.”

Elie Hayek, Head of Home Finance at ADIB, said: “At ADIB, we are dedicated to pioneering innovative home financing solutions that empower investors and contribute to the growth of the real estate market in the UAE.

“Our collaboration with DAMAC Properties exemplifies this commitment, and we are proud to support the introduction of this exclusive plan, which aligns with our vision of providing seamless, Sharia-compliant financing options to homebuyers.”

DAMAC is pushing the envelope in home finance by introducing a more flexible financing plan tailored to evolving market conditions and investor needs.

This initiative comes as the UAE’s property market is witnessing a significant surge, and buyer confidence is reaching record levels.

As property values are expected to climb and market dynamics evolve, this initiative ensures that premium real estate investments remain accessible to a wider pool of buyers.

With this strategic move, DAMAC continues to reinforce its commitment to investor-friendly solutions and set new real estate financing benchmarks.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.
RECENT NEWS

Startups In Abu Dhabis Hub71 Secured $2.17bn In Funding Last Year

Hub71 startups in Abu Dhabi saw massive increase in funding in 2024 as innovation economy thrives Read more

UAE Fintech Pay10 First To Launch On Central Banks Open Finance Framework

The company has acknowledged the Central Bank of the UAE's crucial role in facilitating a responsible and secure rollou... Read more

PayPal Expands In MEA Region With Its Newly Launched Hub In Dubai

Will serve 80 countries in Middle East and Africa from its Dubai Internet City hub; Has signed several deals with regio... Read more

New Board Certifies DMCC Tradeflow As Fully Shariah Compliant

Shariah Supervisory Board appointed to oversee Tradeflow’s Islamic finance offering; Certified fully-compliant with A... Read more

Google-backed AI Firm NeurochainAI Teams Up With W Chain For Smart Payment Solutions

W Chain and NeurochainAI will combine forces to offer smart global payment tools, with real-time fee adjustment and fra... Read more

Al Ansari Exchange Renews Strategic Partnership With Visa

Promises to unlock new opportunities and deliver significant value across the financial services ecosystem and accelera... Read more