Sobha Realty Partners ADIB on Sharia-Compliant Off-Plan Financing

Sobha Realty has announced a new partnership with Abu Dhabi Islamic Bank (ADIB) aimed at expanding access to Sharia-compliant home financing for off-plan property buyers in the UAE.

Under the collaboration, UAE residents purchasing Sobha off-plan properties will be eligible to access home financing once construction reaches 35% completion. The initiative is designed to lower upfront financial barriers and provide buyers with earlier access to structured financing during the construction phase.

The financing framework aligns with Sobha Realty’s delivery-led development model, which emphasises construction control, quality assurance, and long-term customer confidence. By enabling financing at an earlier stage of development, the partnership seeks to offer buyers greater predictability and planning certainty throughout the off-plan purchase journey.

Speaking on the collaboration, Ravi Menon, Chairman of Sobha Group, said: “At Sobha, we’ve never viewed a home as a transaction. It’s a legacy built brick by brick, on a foundation of trust. This partnership with ADIB is an extension of that philosophy, offering our off-plan buyers a financing path that’s as thoughtfully constructed as our homes.”

Francis Alfred, Managing Director of Sobha Realty, added: “Today’s buyers seek clarity, credibility, and convenience. Our collaboration with ADIB brings exactly that to the off-plan journey. It’s a progressive step that aligns financial accessibility with the certainty Sobha Realty is known for, ensuring our customers can plan their future with both confidence and ease.”

From the banking perspective, the partnership reflects ADIB’s focus on expanding access to structured, Sharia-compliant retail financing products tailored to evolving consumer needs.

Amit Malhotra, Global Head of Retail Banking, said: “We are pleased to collaborate with Sobha Realty in this initiative. At ADIB, we are consistently looking for innovative ways to serve our customers and align our financial solutions with their evolving lifestyle needs.

This initiative ensures a more accessible and structured route to homeownership, built on the principles of transparency and Sharia compliance.”

As the UAE’s property market continues to mature, the partnership highlights a broader shift towards financing models that integrate earlier into the off-plan purchase cycle. For buyers, the initiative provides an alternative pathway to homeownership that combines structured financing, construction-linked milestones, and regulatory compliance.

Sobha Realty said the collaboration reinforces its broader approach to development, where delivery standards, quality controls, and customer experience extend beyond construction to include how homes are financed and planned for over the long term.