DAMAC Properties has joined forces with Abu Dhabi Islamic Bank PJSC (ADIB) to launch a home financing solution that allows UAE residents to obtain financing for off-plan properties once construction reaches 35% completion. This makes DAMAC the first developer to introduce such an option, enhancing accessibility and convenience for prospective homeowners.
This initiative reflects DAMAC and ADIB’s shared commitment to delivering customer-focused financial solutions that simplify luxury real estate investments. As market trends shift, this financing plan marks a significant step forward, enabling residents and investors to acquire prime properties while capitalising on market growth.
Commenting on this milestone, Amira Sajwani, Managing Director of Sales & Development at DAMAC Properties, stated, “This marks a transformational moment for DAMAC, UAE residents, and investors. Having a trusted partner like ADIB is crucial in bringing innovative and accessible home financing solutions to the market. It also reaffirms our steadfast commitment to making homeownership a reality for many residents. We are proud to be the first developer in the UAE to introduce this solution, which enhances accessibility to luxury living and establishes a new benchmark for financial flexibility in real estate investment.”
Transforming Home Financing With Greater Flexibility
DAMAC is redefining home financing by introducing a more adaptable payment plan tailored to evolving market conditions and investor requirements. This initiative coincides with a surge in the UAE’s property market, where buyer confidence has reached unprecedented levels. As property values continue to rise and market dynamics shift, this solution ensures that premium real estate investments remain within reach for a broader range of buyers. With this strategic move, DAMAC reinforces its commitment to investor-friendly solutions and continues to set new benchmarks in real estate financing.
