May 22, 2026
Abu Dhabi Islamic Bank and DAMAC Properties have introduced a new home financing initiative aimed at making property ownership more accessible and affordable across the UAE.
The partnership combines Islamic banking solutions with flexible real estate financing to reduce the financial pressure often faced by first-time homebuyers and families looking to purchase a home. The initiative reflects both companies’ commitment to supporting the long-term growth of the UAE’s real estate market while improving the overall homeownership experience.
Under the new financing plan, DAMAC customers can benefit from flexible payment structures, reduced upfront expenses, fee waivers, and short-term financial support. The offer also includes complimentary property takaful, a Shariah-compliant insurance solution, helping buyers transition into homeownership with greater ease and confidence.
Amira Sajwani, Managing Director of DAMAC Properties, highlighted the importance of creating opportunities that align with the aspirations of residents and families in the UAE. She stated that the collaboration with ADIB is focused on simplifying the home-buying journey and making luxury living more attainable for a wider audience.
Meanwhile, Amit Malhotra emphasized that the partnership supports ADIB’s Vision 2035 strategy, which focuses on innovation and customer experience. He noted that the bank’s digital onboarding system for home finance approvals has significantly reduced approval timelines, allowing customers to complete the process in minutes rather than days.
Both organizations also confirmed plans to continue exploring customer-focused financing solutions that can further improve access to homeownership while contributing to the development of the UAE’s property sector.
Founded in 1997, ADIB has grown into one of the UAE’s leading Islamic financial institutions, offering retail, corporate, private banking, and wealth management services across multiple international markets, including Egypt, Qatar, Iraq, and the United Kingdom.
DAMAC Properties, established in 2002, remains one of the Middle East’s leading luxury real estate developers. The company has delivered more than 50,000 homes globally and continues to expand its portfolio with high-end residential, commercial, and lifestyle developments in several international markets.
