Abu Dhabi Islamic Bank (ADIB) has joined hands with Binghatti to launch a new Islamic financing option for UAE property buyers. The scheme allows buyers to apply for home loans once a Binghatti project reaches 35% completion—making it easier to buy property without waiting for final handover.
This move aims to support off-plan sales and improve access to real estate for first-time buyers and end-users.
Opening Doors to Early Financing Options
The partnership helps remove a key barrier in the market. Buyers often struggle to secure loans for properties under construction. Now, with earlier access to Sharia-compliant financing, more residents can take a step toward homeownership.
Engr. Katranalda Binghatti, CEO of Binghatti, called the move a “game-changer” and said:
“This partnership helps reduce the upfront burden for buyers and allows them to benefit from property appreciation early.”
Mohamed Abdelbary, CEO of ADIB, said the initiative aligns with the bank’s mission to promote financial inclusion:
“We want to empower more individuals and families to take the first step toward property ownership, while following Islamic banking principles.”
Boosting a Fast-Growing Development Pipeline
Binghatti is one of Dubai’s fastest-growing developers, with 18,600 units under construction in key areas like Downtown Dubai, Business Bay, JVC, and Dubai Science Park. The company recorded AED 11.6 billion in sales in 2024, a 161% increase from the previous year.
The developer recently launched Binghatti Aquarise, a 1,600-unit residential project. It also continues to expand its portfolio through brand collaborations with Mercedes-Benz, Bugatti, and Jacob & Co.
As demand for off-plan properties remains strong, this partnership gives buyers more affordable, flexible ways to enter the market. It also highlights a growing trend toward ethical, Sharia-compliant finance in the UAE real estate sector.
