Abu Dhabi Property: State Developer and Bank Offer Up to 75% Mortgages on Off-Plan UnitsA · FULL TRANSLATION
# overseas property# Abu Dhabi# off-plan mortgage
Key Points
- Abu Dhabi state developer MODON and major bank ADIB partnered on off-plan mortgages
- Under-construction units can borrow up to 75%
- Shows the Middle East using generous mortgages to attract overseas property capital
Analysis
Abu Dhabi state developer MODON Holding and UAE bank ADIB partnered on new mortgages for off-plan (pre-completion) units, lending up to 75% on under-construction properties. Not a Japan story, but a useful contrast for overseas-property investors: the Middle East is actively courting international buyers with high loan-to-value, government-backed mortgages — different from Japan's path of attracting foreign buyers mainly via a weak yen. For cross-border property allocators, it is a reference point in the competition for capital. Details per the companies.