Sobha Realty Partners with Abu Dhabi Islamic Bank (ADIB)
Sobha Realty and Abu Dhabi Islamic Bank Launch Sharia-Compliant Financing Partnership
Sobha Realty has announced a new partnership with Abu Dhabi Islamic Bank (ADIB) to offer innovative home finance solutions for off-plan property buyers. The initiative, announced on 28 January 2026, reflects a joint commitment to supporting homeownership in the UAE property market.
Early Financing Access for Buyers
Under this collaboration, UAE residents will be able to access Sharia-compliant home financing facilities upon just 35% construction completion of Sobha off-plan properties. This initiative is designed to make homeownership more accessible by reducing the financial entry barrier for buyers.
This financing milestone represents a meaningful shift in off-plan purchasing dynamics. Traditionally, buyers have faced extended waits for completed properties before accessing financing; this structure enables earlier access to capital as construction progresses, streamlining the path to ownership.
Developer and Bank Perspectives
Ravi Menon, Chairman of Sobha Group, framed the partnership as an extension of the developer's foundational philosophy. "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 that "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."
Amit Malhotra, Global Head of Retail Banking at ADIB, stated: "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."
About the Financial Partners
ADIB is a leading bank in the UAE with AED 281 billion in assets. The bank was established in 1997, and its shares are traded on the Abu Dhabi Securities Exchange (ADX). Named World's Best Islamic Bank by The Financial Times by The Banker publication, ADIB has a rich track record of innovation.
Established in 1976 as an interior decoration firm in Oman by PNC Menon – a visionary entrepreneur – the company has grown its presence with developments and investments in the UAE, Oman, and India. For nearly five decades, Sobha Realty has been redefining the real estate value chain through 'Backward Integration' by leveraging its inherent in-house capabilities of conceptualization, design, and development.