Abu Dhabi Off-Plan Finance
Modon and ADIB’s 75% Solution, Explained
UAE banks can normally lend only 50% on an off-plan home, which is why off-plan has been a cash market. Modon and ADIB have announced a structure that finances up to 75%. Here is what it changes — and what it does not.
A Bank in the Deal Before the Building Exists
On 9 July 2026 Modon announced a memorandum of understanding with Abu Dhabi Islamic Bank, signed two days earlier, for what both describe as Abu Dhabi’s first off-plan home financing solution. ADIB will finance up to 75% of a property’s value during construction, subject to eligibility, while the buyer pays 15% across the construction phase and a further 5% to 10% at handover.
That matters because of what it replaces. The UAE Central Bank’s mortgage regulations cap lending on off-plan purchases at 50% of value — for every buyer, at every price — because the bank is lending against a building that does not yet exist. Off-plan buyers have therefore had to fund the construction period out of savings, and developers have competed on payment plans instead of financing.
One caution before the numbers. A payment plan defers cost; financing converts it into debt. A buyer who could not previously afford the milestones now can, but arrives at handover owing up to 75% of the value with a profit rate attached. That is a different risk position from a self-funded purchase.
The published structure
At the top of the range the figures sum to 100% (15 + 10 + 75). Approved for less than 75%? The shortfall comes from your own funds.
What 75% Looks Like on a Real Purchase
Assuming the full 75% is approved and the buyer pays 10% at handover. Illustrations of the announced structure, not quotes — ADIB has not published rates, fees or tenors.
| Property value | Across construction (15%) | At handover (10%) | Financed (75%) |
|---|---|---|---|
| ٢٬٠٠٠٬٠٠٠ درهم إماراتي | 300,000 درهم إماراتي | 200,000 درهم إماراتي | ١٬٥٠٠٬٠٠٠ درهم إماراتي |
| 3,500,000 درهم إماراتي | AED 525,000 | AED 350,000 | AED 2,625,000 |
| ٦٬٠٠٠٬٠٠٠ درهم إماراتي | AED 900,000 | AED 600,000 | AED 4,500,000 |
Compare that to the standard 50% cap. On the AED 3.5M home you would need AED 1,750,000 of your own money; under the announced structure you need AED 875,000, and only AED 525,000 of it before handover. That is the whole point of the product.
What the table cannot show is the cost of the finance. ADIB is an Islamic bank, so this will be a Sharia-compliant facility with a profit rate rather than interest — and the rate, tenor and fees were not published with the announcement. Treat the monthly obligation at handover as an open variable. Our UAE mortgage guide covers the lending side in more detail.
Four Things the Announcement Does Not Say
Not reasons to dismiss it — questions to put to the bank before you plan a purchase around it.
It is a memorandum of understanding
An MoU records an intention to work together. It is not a product with published terms and an approval process. Ask ADIB whether the facility is actually open for applications.
“Future Modon developments” only
Not an emirate-wide change, not other developers, and worded around future launches rather than existing inventory. Confirm eligibility project by project.
75% is a ceiling, not an entitlement
Every mention is qualified by “up to” and “subject to eligibility”. Income, existing debt, employment and residency all shape the offer you actually get.
When the money is drawn is unstated
No drawdown schedule, nothing on what happens if construction is delayed, nothing on how the facility converts at handover. Get those in writing.
الأسئلة المتداولة
Financing Changes What You Can Buy
Tell us your budget and the emirate you are considering, and we will work through what is reachable with finance and what is not — in Abu Dhabi and in Dubai.
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