Modon and ADIB 75% Off-Plan Financing: How It Works

Modon and Abu Dhabi Islamic Bank have agreed a new way to finance off-plan homes in Abu Dhabi. Announced on 7 July 2026, the scheme will allow eligible buyers of future Modon developments to apply for ADIB finance covering up to 75% of the property value while the home is still under construction.

The announced payment structure asks the buyer to contribute 15% during construction and a further 5%-10% at handover. ADIB supplies the financed share during the build and carries that funding through to completion. In practical terms, the bank-funded portion covers part of the money due to Modon on the buyer’s behalf, reducing the amount the buyer has to pay from personal funds as construction progresses.

Both companies describe the arrangement as the first off-plan home-finance solution of its kind in Abu Dhabi. It will be offered exclusively on future Modon developments and remains subject to ADIB approving the customer for finance.

The announcement at a glance:

Announced: 7 July 2026

Developer: Modon

Finance provider: Abu Dhabi Islamic Bank

Maximum finance: Up to 75% of the property value

Buyer contribution during construction: 15%

Buyer contribution at handover: 5%-10%

Eligible properties: Future Modon developments in Abu Dhabi offered with the facility

Approval: Subject to ADIB’s customer eligibility assessment

How the Modon and ADIB financing scheme is designed to work

The arrangement brings the bank into the purchase while the property is being built. That is the central feature of the scheme.

A buyer selects a home in an eligible future Modon development. The facility is linked to forthcoming Modon launches that are offered with ADIB financing.
The buyer applies to ADIB. ADIB assesses the customer and decides how much finance it will approve, up to the announced ceiling of 75% of the property value.
The buyer pays 15% during construction. Modon’s project payment schedule will set out when those instalments fall due.
ADIB funds the approved share during the build. The bank financing covers construction-stage amounts due under the purchase plan, allowing Modon to receive the financed portion on the buyer’s behalf as the development progresses.
The buyer pays a further 5%-10% at handover. The handover percentage will follow the payment schedule issued for the eligible project and unit.

ADIB is the lender and Modon is the developer. The buyer remains responsible for the personal contribution set out in the sale and purchase agreement, while the approved bank finance supplies much of the remaining purchase money during construction and through to handover.

What the payment plan looks like on an AED 2 million property

The figures below show the announced percentages against a property priced at AED 2 million.

Part of the purchase	Announced share	AED 2 million example
Buyer contribution during construction	15%	AED 300,000
Buyer contribution at handover	5%-10%	AED 100,000-AED 200,000
ADIB finance	Up to 75%	Up to AED 1,500,000

The 75% figure is the maximum available under the announcement. ADIB will set the approved amount after assessing the buyer, and the payment schedule for each qualifying launch will show how the full purchase price is divided across the construction and handover stages.

Who pays Modon during construction?

The buyer pays the announced 15% construction contribution from personal funds. ADIB provides the approved bank-funded share during the off-plan and construction period. That bank funding is designed to meet part of the purchase payments due to Modon while the home is being built.

This reduces the cash commitment during construction for a buyer who qualifies for the facility. Modon’s own guidance says its off-plan developments commonly use payment plans such as 40/60 or 50/50, where a sizeable portion of the price is paid before handover. The ADIB partnership reduces the buyer-funded construction share to 15% on eligible future launches, with the bank entering the transaction earlier.

For buyers, the practical benefit is straightforward: a smaller amount of personal capital is tied up during the build. The finance decision also happens earlier in the purchase, giving an approved customer a bank-backed route from the off-plan stage through to completion.

When does the 75% financing take effect?

Modon and ADIB announced the agreement on 7 July 2026. The facility is intended for future Modon developments and will become available to buyers when those developments are launched with the ADIB finance option.

Modon invited prospective buyers to register their interest in future developments when it announced the partnership. Each eligible launch will carry its own project payment schedule and application route. Existing purchases continue under the payment terms already agreed for those units.

Projectory’s Modon Holding guide covers the developer’s current Abu Dhabi portfolio, including its communities on Hudayriyat and Reem Island.

Who can apply?

The official announcement describes the facility as available to eligible homebuyers. ADIB will assess each applicant and approve a finance amount based on its lending criteria. A buyer approved for finance may receive less than 75%, since the published percentage is a maximum.

The application therefore has two connected parts: the property must be a future Modon development offered under the scheme, and the customer must qualify with ADIB. Buyers should complete the bank assessment alongside the reservation process so the approved finance and personal contribution are clear before signing the sale and purchase agreement.

Why this is a significant change for Abu Dhabi off-plan buyers

Off-plan buyers have traditionally relied heavily on cash and developer instalment plans during construction, with mortgage finance often concentrated around handover. The Modon and ADIB arrangement moves bank funding into the development period.

That earlier access to finance can help end-users secure a home without funding a large series of construction instalments entirely from savings. Investors can preserve more working capital during the build, while Modon gains a wider pool of buyers who can qualify for a home through ADIB.

ADIB Group Chief Executive Mohamed Abdelbary said the bank intends to provide financing “throughout the property development journey”. Modon Group Chief Executive Bill O’Regan said the partnership is designed to give more buyers access to future launches as demand for Abu Dhabi property grows.

The scheme also gives finance a defined place in the launch process. Buyers will be able to assess the Modon property, their required cash contribution and the ADIB facility together at launch, well before completion.

Which Modon developments will use the scheme?

The partnership covers future Modon developments in Abu Dhabi that launch with the ADIB facility. Current projects retain their existing payment plans, while forthcoming launches can introduce the 15% construction contribution and bank-financed structure described in the announcement.

Buyers researching Modon’s existing portfolio can read Projectory’s guides to Bashayer on Hudayriyat Island and Nawayef East. Projectory’s complete Abu Dhabi off-plan guide explains the wider buying, registration and handover process.

The bottom line

The Modon and ADIB agreement creates a construction-stage finance route for future Modon homes in Abu Dhabi. Eligible buyers will contribute 15% during construction and 5%-10% at handover, while ADIB can finance up to 75% of the property value during the build and through to completion.

Its value lies in the timing of the finance. Buyers who receive ADIB approval can use bank funding while the project is under construction, leaving less of the purchase price to be carried from personal cash before handover. The first future Modon launch offered with the facility will put that structure into practice.

Frequently asked questions

What did Modon and ADIB announce?

They announced an off-plan home-finance scheme for future Modon developments in Abu Dhabi. Eligible buyers can apply to ADIB for finance covering up to 75% of the property value during construction and through to handover.

Does ADIB make the construction payments to Modon for the buyer?

ADIB provides the approved bank-financed share of the purchase during the off-plan and construction period. That funding covers part of the payments due to Modon on the buyer’s behalf. The buyer pays the personal contribution set out in the project payment schedule.

How much does the buyer pay during construction?

The announced structure sets the buyer’s construction contribution at 15% of the property value. A further 5%-10% is due from the buyer at handover.

Is every buyer entitled to 75% finance?

The 75% figure is a maximum. ADIB assesses each customer’s eligibility and sets the approved finance amount.

When will buyers be able to use the scheme?

The agreement was announced on 7 July 2026 and applies to future Modon developments. Buyers will be able to apply when an eligible future launch is offered with the ADIB facility. Modon is already accepting registrations of interest for forthcoming developments.

Does it apply to existing Modon purchases?

The announcement places the facility on future developments. Existing Modon purchases follow the payment schedule in their signed sale and purchase agreement.

Official sources

Also read: Abu Dhabi vs Dubai for Off-Plan Investment: Costs, Returns and Lifestyle