In a strategic move aimed at enhancing Islamic home financing in the UAE, Binghatti Holding has announced the signing of a Memorandum of Understanding with Abu Dhabi Islamic Bank (ADIB) to provide Sharia-compliant home financing solutions, including financing for off-plan properties.
Under this agreement, buyers will be able to obtain property financing once a project reaches 35% completion, making it easier for them to own residential units in Binghatti’s developments located in areas such as Downtown Dubai, Business Bay, Jumeirah Village Circle, Al Jaddaf, and Dubai Production City.
Engineer Katharnatha Binghatti, CEO of Binghatti, stated that this partnership represents “a qualitative shift in the Islamic home financing sector,” noting that it will help boost sales of under-construction projects and support the sustainability of the real estate market.
For his part, Mohamed Abdel Bary, Group CEO of Abu Dhabi Islamic Bank, affirmed that this partnership reflects the bank’s commitment to expanding the scope of residential financing in the UAE, enabling more individuals and families to own homes through Sharia-compliant solutions.
Binghatti currently manages 23 projects in Dubai, comprising more than 18,600 residential units, including the “Binghatti Aquarise” project launched in May 2025, which includes 1,600 residential units.
In 2024, the company recorded AED 11.6 billion in sales — a 161% increase compared to the previous year — driven by the launch of 16 new projects and the handover of 3,700 units. Binghatti has also collaborated with luxury brands such as Mercedes-Benz, Bugatti, and Jacob & Co., and worked with high-profile clients like Neymar Jr. and Andrea Bocelli.
This partnership comes at a time when the UAE real estate market is witnessing remarkable growth, with off-plan sales reaching AED 90 billion by mid-May 2025, driven by attractive investment returns and flexible financing schemes.
For more details, you can view the agreement at the following link: ADIB News
