ADIB Off-Plan Finance

Abu Dhabi Islamic Bank finances up to 75% of a Wadeem Gardens villa during construction, with pre-approval in two hours and no processing or valuation fee for eligible buyers. On a 4-bedroom villa that is up to AED 6,525,000, and UAE nationals get AED 435,000 back.

Wadeem Gardens is the first community sold with the off-plan home finance Modon and Abu Dhabi Islamic Bank (ADIB) agreed in July 2026. Modon's launch release of Sep 30, 2026 calls it "the first in Abu Dhabi to offer up to 75% off-plan home finance", and the terms below were all still on Modon's pages on Nov 12, 2026.

What Modon has stated

How much	Up to 75% of the price, for eligible buyers
When	During the off-plan period, from construction to handover
Kind of finance	Sharia-compliant home finance from ADIB
Pre-approval	Within two hours, free, with no obligation to proceed
Fees waived	Processing fee and valuation fee, for eligible applicants
Existing ADIB customer needed	No
Who decides	ADIB assesses every application under its own credit policy

The first four rows are from the launch release, the rest from the FAQ on Modon's Wadeem Gardens page. The FAQ is plain about the division of work: "ADIB provides the finance and assesses your application", and Modon "has facilitated access to these preferential terms".

In dirhams

Our arithmetic on Modon's starting prices:

	4-bedroom	5-bedroom	6-bedroom
Starting price	AED 8,700,000	AED 10,200,000	AED 11,600,000
Most ADIB may finance (75%)	AED 6,525,000	AED 7,650,000	AED 8,700,000
Least you pay yourself (25%)	AED 2,175,000	AED 2,550,000	AED 2,900,000
UAE national rebate (5%)	AED 435,000	AED 510,000	AED 580,000
A UAE national's own money after the rebate (20%)	AED 1,740,000	AED 2,040,000	AED 2,320,000

"Up to" matters. The bank sets the share for each applicant, and the release promises nothing above what ADIB approves.

The rebate for UAE nationals

The launch release says UAE national buyers "will also receive a non-transferable 5% rebate on the property price, equivalent to the final 5% payment due at handover". Read literally, a UAE national who is financed at 75% pays 20% over the build and nothing at handover. "Non-transferable" suggests the rebate stays with the first buyer and does not pass to someone who buys the villa from them before handover. Modon has not published the rebate's conditions, so confirm that reading before relying on it.

How the agreement was first described

The July 2026 announcement of the memorandum between the two companies described the structure in general terms, before any project was named: "a 15% payment plan during the construction phase and a further 5 to 10% payment upon handover", with ADIB financing up to 75% "during off plan and construction". It said the offer was "available exclusively for future Modon developments". Wadeem Gardens, launched twelve weeks later, is the first to carry it.

15% plus 10% and 20% plus 5% both come to the 25 in Wadeem Gardens' 25/75, which is why we read the plan as the buyer's share against the bank's (Payment Plan).

What has not been published

Neither Modon nor the release gives the profit rate, the term in years, when repayments begin, the early settlement terms, or what happens to the finance if you resell before handover. Those five answers decide what the villa really costs a financed buyer, and none of them is on a public page.

We think the cost of the 75% matters more here than the headline. Finance drawn during construction is money owed for more than four years before the house can be lived in or let, and whether profit is charged on it during the build is the first question to put to the bank.

Because the product is Sharia-compliant, ADIB will structure it as one of the Islamic home finance contracts and not as an interest-bearing loan; the release does not say which contract.