ADIB, Binghatti team up to offer easier Islamic home financing in UAE

Dubai: UAE residents looking to buy homes now have another financing option. Real estate developer Binghatti has signed an agreement with Abu Dhabi Islamic Bank (ADIB) to offer Sharia-compliant home loans, including for off-plan properties.

Under the new deal, homebuyers will be able to apply for financing once a Binghatti project is 35% complete, helping more residents access property ownership without waiting for full handover.

The move is expected to support demand for off-plan properties and make real estate more accessible to first-time buyers and end-users.

“This is a game-changer,” said Binghatti CEO Engr. Katranalda Binghatti. “The partnership helps reduce the upfront burden for buyers and allows them to benefit from property appreciation early.”

ADIB CEO Mohamed Abdelbary said the collaboration will expand access to home financing in line with Islamic banking principles and promote financial inclusion in the UAE.

“We want to empower more individuals and families to take the first step toward property ownership,” he added.

Why this matters

The UAE property market has seen strong growth, especially in off-plan sales. But financing options for such purchases can be limited. By allowing earlier access to home loans for projects still under construction, this partnership could encourage more people to enter the market.

Binghatti, one of Dubai’s fastest-growing developers, has 18,600 units under construction across major areas like Downtown Dubai, Business Bay, JVC, and Dubai Science Park. It sold AED 11.6 billion worth of property in 2024, up 161% from the previous year.

The company recently launched Binghatti Aquarise, a 1,600-unit project, and continues to make headlines through collaborations with global brands like Mercedes-Benz, Bugatti, and Jacob & Co.

With real estate demand in the UAE staying strong, partnerships like this could further widen access to affordable homeownership, especially for those seeking Islamic finance options.