Dubai’s real estate sector is always evolving, and the latest innovation in off-plan financing is set to make property investment even more accessible. In a groundbreaking move, master developer DAMAC has partnered with Abu Dhabi Islamic Bank (ADIB) to offer mortgage financing once a project reaches just 35% completion—a significant improvement from the standard 50% threshold.
This initiative opens up new possibilities for investors and homebuyers alike, allowing them to secure a mortgage much earlier in the construction phase. With mortgage rates softening due to recent US Federal Reserve interest rate cuts, the timing couldn’t be better for those looking to invest in Dubai’s thriving property market.
How Does This Financing Option Work?
For buyers looking to take advantage of this opportunity, the process is simple:
- Make a 50% down payment directly to DAMAC.
- Become eligible for ADIB’s mortgage financing once the project reaches 35% completion.
- Secure financing sooner, reducing the initial capital required to own property in Dubai.
This new approach aligns with the growing trend of developers collaborating with financial institutions to make real estate investments more flexible and attractive.
Why Is This a Big Deal for Investors?
The Dubai real estate market continues to grow, with developers introducing innovative financing solutions to keep the city’s off-plan sector competitive. This initiative provides:
- Easier entry into the market – Investors can secure prime properties with less capital upfront.
- Stronger buyer confidence – The flexibility of mortgage financing at 35% completion offers greater financial security.
- Long-term growth potential – As Dubai’s property landscape evolves, early adopters of such financing schemes could see significant appreciation in their assets.
Navigating Dubai’s Off-Plan Market? Get Expert Guidance!
While this financing option is a major game-changer, making the right investment decision still requires expert insight. Prop Shop Global, a leading luxury real estate brokerage, specializes in Dubai’s off-plan market and can help you find the best opportunities tailored to your investment goals.
Whether you’re considering DAMAC projects or other prime developments, our team of real estate experts is here to guide you every step of the way. Contact us today to explore exclusive off-plan opportunities and secure the best deals in Dubai’s dynamic property market.