Modon and ADIB Launch 75% Off-Plan Financing

Abu Dhabi's off-plan property market has gained a new financing option. Modon Holding has signed a Memorandum of Understanding with ADIB to introduce the emirate's first home financing solution designed for off-plan purchases. Eligible buyers can secure bank lending of up to 75% of a property's value, with funding available during construction and continuing through handover.Key takeawaysModon and ADIB have introduced Abu Dhabi's first dedicated off-plan home funding solution.Eligible buyers can secure financing of up to 75% of a property's value.Bank lending starts during construction and extends through handover.Buyers pay 15% during construction and another 5% to 10% at handover.The scheme currently applies to future Modon residential developments.When was the deal signed?The Memorandum of Understanding was signed on July 9, 2026, by Bill O'Regan, Group CEO of Modon Holding, Ibrahim Al Maghribi, CEO of Modon Real Estate, and Mohamed Abdelbary, Group CEO of ADIB. The agreement establishes a new payment framework for future Modon developments and marks the first off-plan home finance solution of its kind in Abu Dhabi.How does the payment plan break down?Under the announced payment structure, eligible buyers would pay 15% of the property's value during construction and another 5% to 10% at handover, depending on the selected development. ADIB would finance up to 75% of the property's value, subject to eligibility, with funding available during construction through to handover.The breakdown below shows when each payment is due.StagePayment SharePaid ByDuring construction15%BuyerAt handover5% to 10%BuyerOff-plan and construction periodUp to 75%ADIB (subject to eligibility)Why does the partnership matter?Off-plan financing has been rare in Abu Dhabi up to now. Banks have traditionally backed completed properties. Buyers therefore relied on personal savings or developer payment plans during construction. The new structure changes that pattern by bringing bank funding into the construction phase itself. That shift extends the market to buyers who might not have had the capital to purchase early.What the leadership saysBill O'Regan, Group CEO of Modon Holding, said the financing option strengthens Abu Dhabi's property market by giving eligible buyers access to funding earlier in the purchase process.Mohamed Abdelbary, Group CEO of ADIB, described the solution as the first of its kind in Abu Dhabi. He said eligible buyers can access bank lending from the construction stage through handover.Ibrahim Al Maghribi, CEO of Modon Real Estate, said the new framework will support homeownership across Modon's future residential developments by giving buyers another purchasing option.Eligibility for Modon's off-plan lendingThe financing applies to future Modon residential developments and is subject to ADIB's eligibility requirements. Approval and mortgage terms may vary between applicants.ADIB has extensive experience in Islamic home loans across the UAE. The partnership introduces bank backing to Abu Dhabi's off-plan market, an area where home purchasing options have been limited until now.Final thoughtsThe announcement could influence howoff-plan properties in Abu Dhabiare financed if similar partnerships emerge in the future. Buyers planning tobuy a flat in Abu Dhabican watch for upcoming project launches that adopt the new structure. People comparing astudio for rent in Abu Dhabiwith homeownership may also see new purchasing options emerge if similar partnerships expand across the market.Want to be the first to know when the next eligible Modon project launches? Register your interest with a real estate specialisttoday and keep up with the new launches by following the real estate blogs.