Dubai’s real estate market is seeing a game-changing move as master developer DAMAC introduces a new financing option for off-plan buyers in partnership with Abu Dhabi Islamic Bank (ADIB). Buyers can now secure mortgage financing once a project reaches 35% completion, a significant improvement from the usual 50% threshold.

This initiative allows buyers to access home loans earlier in the construction phase, making property ownership more accessible. To qualify for the mortgage, buyers need to make a down payment of 50% or more directly to DAMAC, after which they become eligible for ADIB’s financing.

Several high-profile DAMAC projects will benefit from this scheme, including Cavalli Tower in Al Sufouh 2, DAMAC Lagoons in Dubailand, and DAMAC Hills 2. This move aligns with the broader trend of developers collaborating with financial institutions to offer more flexible financing solutions, keeping Dubai’s off-plan market competitive and attractive for investors.

The timing of this initiative is favorable as mortgage rates in the UAE have softened following recent interest rate cuts by the US Federal Reserve. With further gradual adjustments expected, this financing option provides a compelling opportunity for investors to secure properties with less upfront capital.

As Dubai’s real estate market continues to evolve, more developers are likely to introduce similar off-plan financing options, ensuring sustained momentum in the sector. This trend strengthens investor confidence and supports long-term growth in the city’s thriving property landscape.

Expert Guidance for Investing in Dubai’s Off-Plan Market

For those looking to invest in Dubai’s off-plan market, expert guidance is crucial. The fäm Properties Mudon office is here to help you navigate the best opportunities, from DAMAC projects to other prime developments.

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