Abu Dhabi Islamic Bank and DAMAC Properties have jointly launched a home financing package aimed at reducing the upfront costs of buying property in the UAE, the two companies announced.
Under the arrangement, DAMAC customers gain access to flexible financing structures, fee waivers, and short-term cost support, as well as complimentary property takaful — the Shariah-compliant equivalent of insurance. The companies say the combined offer is designed to smooth the path for first-time buyers and families who face high initial costs when entering the market.
ADIB’s contribution to the package includes a fully digital onboarding process for home finance applications. Amit Malhotra, Global Head of Retail Banking at ADIB, said the bank’s straight-through digital system “has reduced onboarding timelines from days to minutes,” framing the partnership as part of a broader ambition to position ADIB as the world’s most innovative Islamic bank by 2035.
Amira Sajwani, Managing Director of DAMAC Properties, described the collaboration as an effort to meet aspiration with opportunity. “The dream of owning a home should be a constant,” she said, “so we will continue to build pathways to stability and prosperity to support families in finding a place to call their own.”
The two companies said they plan to develop further initiatives under the partnership, though no specific products or timelines were announced.
The tie-up is the latest sign of closer coordination between UAE banks and developers as both sectors look to sustain demand in a property market that has seen sharp price growth over the past three years.
