Binghatti and ADIB Work Together to Provide Islamic Home Loans in the UAE
Dubai real estate company Binghatti Holding has made an agreement with Abu Dhabi Islamic Bank (ADIB) to provide home loans that follow Sharia rules. These loans will also be available for buying properties before they are built.
Binghatti-ADIB Deal
Binghatti and ADIB made an agreement to make it easier for home buyers to get loans. When a project is 35% built, homeowners can start applying for home financing. This was announced on Tuesday.
Katranalda BinGhatti, the CEO of Binghatti, said, “We want to help more customers get loans more easily for our projects in Dubai. This will also help them benefit if property prices go up.”
Binghatti is currently building 18,600 homes in 23 projects in popular areas of Dubai like Downtown, Business Bay, Jumeirah Village Circle, and more.
In early May, Binghatti started a new project called Binghatti Aquarise with 1,600 homes.
Sales Performance
In 2024, Binghatti sold $3.2 billion worth of homes, which is 161% more than last year. This happened because they launched 16 new projects and finished 3,700 homes on time.
Binghatti works with famous luxury brands like Mercedes-Benz, Bugatti, and Jacob & Co. Famous people like football player Neymar Jr. and singer Andrea Bocelli are also customers. This helps Binghatti be more popular.
Binghatti recently bought over 13 million square feet of land, worth more than $7.1 billion, to build more projects in the future.
Surprising Fact
In March, Fitch Ratings improved Binghatti’s credit rating from B+ to BB-, showing the company is more stable now.
Published: 28th May 2025
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