DAMAC Properties has formed a partnership with Abu Dhabi Islamic Bank PJSC (ADIB) to introduce an innovative home financing solution aimed at UAE residents. This new offering allows residents to secure financing for off-plan properties once construction reaches 35 percent completion. With this initiative, DAMAC becomes the first developer to provide such a financing option, making homeownership more accessible for potential buyers. To qualify for this financing, residents must have paid 50 percent of the purchase price under the sales and purchase agreement (SPA).

This collaboration reflects the shared commitment of DAMAC and ADIB to deliver customer-centric financial solutions that simplify the investment process in luxury real estate. As the market continues to evolve, this financing plan is seen as a significant advancement, enabling both residents and investors to secure prime properties while benefiting from potential market appreciation.

Amira Sajwani, the managing director of sales and development at DAMAC Properties, highlighted the significance of this milestone by stating that it is “a game-changer for DAMAC, for residents and investors in the UAE.” She emphasized that having a trusted partner like ADIB is crucial in providing innovative and accessible home financing solutions, reinforcing their dedication to making homeownership a reality for many residents. Sajwani expressed excitement about being the first developer in the UAE to introduce this solution, which enhances accessibility to luxury living and sets a new standard for financial flexibility in real estate investment.

ADIB also shared its enthusiasm regarding this collaboration. Elie Hayek, the head of home finance at ADIB, mentioned that the bank is committed to pioneering innovative home financing solutions that empower investors and contribute to the growth of the UAE’s real estate market. He stated that the partnership with DAMAC Properties exemplifies this vision and that they are proud to support the introduction of this exclusive plan, which aligns with their goal of providing seamless, Sharia-compliant financing options to homebuyers.

Through this initiative, DAMAC aims to revolutionize flexible financing by offering a plan that addresses the changing market conditions and the needs of investors. As the UAE property market experiences a notable surge and buyer confidence reaches unprecedented levels, this financing option ensures that high-value real estate investments remain accessible to a broader range of buyers. This strategic move reinforces DAMAC’s commitment to investor-friendly solutions and sets new benchmarks for real estate financing.

For additional information, visit www.damacproperties.com.