Dubai Holding Real Estate, one of Dubai’s largest master developers, has signed a strategic partnership with Abu Dhabi Islamic Bank (ADIB) to streamline access to Sharia-compliant home financing. The agreement covers properties across its major consumer brands, including Nakheel, Meraas, and Dubai Properties, aiming to create a more integrated homeownership journey for buyers in the emirate.
Quick Facts
- Strategic partnership between Dubai Holding Real Estate and ADIB.
- Covers both off-plan and completed residential properties.
- Offers flexible financing terms for up to 25 years.
A Dual-Track Framework for Homebuyers
The collaboration introduces a comprehensive financing framework for both properties under construction and completed units ready for handover. This dual-track system offers buyers competitive profit rates and a clear, milestone-based payment structure for off-plan purchases, adding transparency and flexibility to the process.
By providing a structured path to ownership, the partnership aims to make Dubai’s often-competitive off-plan market more accessible to a wider range of eligible customers seeking Islamic financing options.
Boosting Confidence in Dubai’s Property Market
This move is part of Dubai Holding Real Estate’s broader strategy to enhance its customer financing solutions and support Dubai’s standing as a global real estate hub. By joining forces, the developer and bank intend to build stronger buyer confidence at every stage.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, commented on the deal: “Our partnership with Abu Dhabi Islamic Bank is another important step in expanding access to structured home financing across our residential portfolio. By enabling eligible customers to access Sharia-compliant solutions across both off-plan and completed properties, we are creating clearer pathways to ownership and strengthening confidence at each stage of the customer journey.”
Mohamed Abdelbary, Group Chief Executive Officer of Abu Dhabi Islamic Bank, added: “Our partnership with Dubai Holding Real Estate reflects ADIB’s commitment to delivering innovative Sharia-compliant financing solutions that meet the evolving needs of customers. By supporting both off-plan and completed home purchases, we are helping more customers access structured and flexible home financing solutions.”
About Dubai Holding Real Estate
Dubai Holding Real Estate is a major integrated master developer in the region, combining the portfolios of Nakheel, Meraas, and Dubai Properties. Its developments house over 1.2 million residents and include iconic projects such as Palm Jumeirah, Jumeirah Beach Residence (JBR), Bluewaters, and Mohammed Bin Rashid Al Maktoum City.
About Abu Dhabi Islamic Bank (ADIB)
ADIB is a leading Islamic bank in the UAE with assets totaling AED 287 billion. Established in 1997, the bank provides retail, corporate, business, and private banking solutions. It has a significant presence in five key markets, including Egypt, the United Kingdom, Qatar, and Iraq.
Source: Zawya
