ADIB and DAMAC Launch UAE Home Financing Plan Offering Up to 85% Property Value

Buying a home in the UAE could soon become easier for many residents and investors following a new partnership between Abu Dhabi Islamic Bank (ADIB) and DAMAC Properties.

The two companies have introduced a flexible home financing solution designed to lower upfront costs and make property ownership more accessible. The initiative comes at a time when the UAE's real estate market continues to attract strong demand from both local and international buyers.

Financing of Up to 85% of Property Value

Under the new agreement, eligible buyers purchasing DAMAC properties can secure financing of up to 85 percent of the property's value upon handover.

In addition to the high financing ratio, customers will also benefit from several incentives aimed at reducing the overall cost of buying a home. These include subvention support equivalent to finance profit charges for up to six months, helping buyers ease into homeownership without facing immediate financing pressures.

The package also includes waived property valuation fees and complimentary property takaful insurance, reducing upfront expenses while offering additional financial protection.

The initiative is designed to simplify the buying process and help more people enter the property market with greater confidence.

Making Homeownership More Achievable

For many residents, the biggest challenge to purchasing a property is the initial financial commitment. By lowering entry costs and providing more flexible financing terms, ADIB and DAMAC hope to remove some of these barriers.

Industry observers believe such partnerships could encourage more long-term residents to shift from renting to owning, particularly as the UAE continues to promote stable communities and long-term residency programs.

The move also aligns with the broader growth of the country's residential real estate sector, which has remained resilient despite global economic uncertainties.

DAMAC Focuses on Long-Term Housing Solutions

Commenting on the partnership, Amira Sajwani, Managing Director of DAMAC Properties, said the company remains focused on creating practical solutions that help individuals and families achieve homeownership.

She noted that making homes more affordable and accessible is essential for supporting long-term stability and prosperity, especially as demand for quality residential properties continues to grow across the UAE.

According to Sajwani, the collaboration reflects DAMAC's commitment to adapting to changing customer needs and providing innovative options in an increasingly competitive property market.

ADIB Strengthens Its Digital Banking Vision

For ADIB, the partnership is part of a larger strategy to enhance customer experience and expand its digital Islamic banking services.

Amit Malhotra, Global Head of Retail at ADIB, said the bank is focused on creating seamless and efficient financial solutions that simplify the customer journey.

He highlighted ADIB's recent digital transformation initiatives, including a digital onboarding platform introduced earlier this year that reduced home finance application times from several days to just a few minutes.

The latest financing program also supports ADIB's Vision 2035 strategy, which aims to position the bank among the world's leading Islamic financial institutions by combining technology, innovation, and customer-centric services.

UAE Property Market Continues to Attract Strong Demand

The launch of the new financing package comes as the UAE property market continues to perform strongly.

Growing investor confidence, economic diversification, population growth, and government initiatives promoting long-term residency have all contributed to rising interest in residential real estate across the country.

Flexible financing options are increasingly becoming a major factor influencing purchasing decisions, particularly among first-time buyers and end users looking for long-term investment opportunities.

With developers and financial institutions working more closely together, buyers are gaining access to a wider range of solutions tailored to their financial needs.

Looking Ahead

The partnership between ADIB and DAMAC highlights a broader trend within the UAE real estate sector: making property ownership more accessible through innovation and collaboration.

By offering higher financing limits, reduced upfront costs, and a simplified customer experience, the new initiative is expected to strengthen buyer confidence and support sustainable growth in the housing market.

As the UAE continues to position itself as a global destination for investment and lifestyle, flexible home financing solutions like these are likely to play an increasingly important role in shaping the future of residential real estate.