ADIB and DAMAC Partner to Launch UAE Home Finance Solution for Buyers

Abu Dhabi Islamic Bank (ADIB) and DAMAC Properties have entered into a strategic partnership to launch integrated home finance solutions for property buyers in the UAE. The collaboration provides Sharia-compliant mortgage options for customers looking to purchase units across DAMAC’s residential portfolio. Financing Terms and Digital Pre-Approvals The agreement allows prospective homeowners and investors to access ADIB’s mortgage products with repayment tenures extending up to 25 years. The financing covers a range of assets, including ready-to-move-in homes and off-plan properties. To streamline the acquisition process, the partnership introduces digital integration designed to provide faster pre-approvals, reducing the administrative timeframe for real estate transactions. Market Context and Strategic Impact The launch of this financial solution coincides with sustained demand in the UAE residential market. By aligning DAMAC’s property inventory with ADIB’s Islamic banking services, the companies aim to facilitate market entry for first-time buyers. ADIB will also provide dedicated financial advisory services to DAMAC clients to assist with long-term investment planning. Recent…