Abu Dhabi Buyers Can Now Finance Up to 75% of an Off-Plan Home During Construction

Update, October 2026: the financing is now live. Wadeem Gardens, launched on 30 September 2026, is the first Modon community to offer it. The sections below have been updated.

A First for Abu Dhabi's Off-Plan Market

On 7 July 2026, Modon signed a Memorandum of Understanding with Abu Dhabi Islamic Bank (ADIB) to introduce off-plan home financing that covers the development journey, from construction through handover. It's a first for the emirate: eligible buyers can access up to 75% financing on selected Modon developments, rather than waiting until a building is complete before a bank will lend against it.

Now Live at Wadeem Gardens

The first community to offer the financing is Wadeem Gardens on Hudayriyat Island, which Modon describes as Abu Dhabi's first villa community with up to 75% off-plan home finance. According to Modon:

• Eligible buyers can receive pre-approval within two hours, free of charge and with no obligation to proceed
• The buyer pays 25% of the price in five instalments of 5%
• ADIB finances up to 75%, paid in two stages: 20% during construction and 55% at handover
• UAE National buyers receive a non-transferable 5% rebate on the property price

How the Payment Structure Works

When the MoU was signed, Modon and ADIB described a framework of roughly 15% paid by the buyer during construction, a further 5–10% at handover, and up to 75% financed by ADIB. Wadeem Gardens follows that shape, with the buyer's 25% spread across the construction period.

In practice, that means a buyer no longer has to fund the bulk of a property's value out of pocket while it's being built. The financing runs alongside the construction timeline itself, rather than kicking in only once keys change hands.

It applies to selected Modon developments only, not all existing off-plan inventory, and the exact schedule can differ from one community to the next.

Why It Matters

The timing lines up with a run of sell-outs on Hudayriyat Island. Hudayriyat Golf Estates reportedly generated a UAE sales record of more than AED 13 billion within days of its July 2026 launch, and Bashayer's final phase sold out within 24 hours. Off-plan demand is clearly there, and construction-phase financing widens who can act on it, without a single unit being discounted.

For ADIB, it's a first-mover position: most Abu Dhabi banks lend once there's a completed, mortgageable asset, not against a unit still under construction. Structuring a product around that says as much about ADIB's confidence in Modon's delivery track record as it does about the product itself.

What It Means If You're House-Hunting

If you're considering a Modon launch, the practical takeaway is to check ADIB eligibility early, before assuming you need to self-fund the construction period. With pre-approval taking as little as two hours, there's little reason not to.

That said, "up to 75%, subject to eligibility" is doing real work in that sentence. The financed portion is a mortgage you repay to ADIB, approval isn't guaranteed, and eligibility rules can differ for non-residents. Confirm the approved amount, profit rate, fees and repayment start date with ADIB, and size any commitment against your own financial position rather than the headline number.

If you want to know which upcoming Modon launches this financing is likely to apply to, or want your eligibility checked ahead of a launch date, get in touch for a private consultation.