Modon Unveils Wadeem Gardens Villas With Up to 75% Off-Plan Finance
The Hudayriyat Island villa community offers eligible buyers two-hour finance pre-approval, while UAE nationals can receive a 5% property-price rebate.
Abu Dhabi developer Modon has launched the first phase of Wadeem Gardens, a new villa community on Hudayriyat Island that introduces an off-plan financing option covering up to 75% of the property value for eligible buyers.
The financing arrangement has been introduced through a partnership between Modon and Abu Dhabi Islamic Bank (ADIB). Buyers who meet the applicable requirements can receive finance pre-approval within two hours, with the service provided free of charge and without an obligation to complete the purchase.
The launch adds another residential offering to Modon's wider Wadeem masterplan on Hudayriyat Island, one of the developer's major destinations in Abu Dhabi.
Four-, five- and six-bedroom villas
Wadeem Gardens will feature a selection of four-, five- and six-bedroom villas.
Buyers will have different options for exterior finishes and interior layouts, allowing them to select configurations according to their preferences.
The community is planned with landscaped neighbourhoods, walking and running trails and waterfront promenades. Residents will also have access to amenities and services planned across the wider Wadeem development.
Wadeem masterplan built around 2.3km urban spine
The wider Wadeem development is organised around a 2.3-kilometre urban spine designed to link residential areas with key community destinations.
The masterplan is intended to combine residential neighbourhoods with public spaces, amenities and other services, creating an integrated environment on Hudayriyat Island.
The Wadeem Gardens launch forms part of Modon's continued expansion of its residential portfolio across the island.
Up to 75% financing for eligible buyers
A key feature of the new project is the financing arrangement agreed between Modon and ADIB.
Under the scheme, eligible purchasers can obtain financing of up to 75% of the value of an off-plan property.
The pre-approval process can be completed within two hours and is offered at no cost, with buyers not required to proceed with the property purchase after receiving the pre-approval.
The financing terms are subject to buyer eligibility and the applicable requirements of the financing provider.
5% rebate available to UAE nationals
UAE national buyers purchasing in Wadeem Gardens will also be eligible for a non-transferable 5% rebate on the property price.
According to the launch announcement, the rebate corresponds to the final 5% payment due when the property is handed over.
This incentive is separate from the financing arrangement and applies to eligible UAE national buyers under the stated programme terms.
Modon expands Hudayriyat Island residential portfolio
The Wadeem Gardens launch adds to Modon's broader development programme on Hudayriyat Island.
Bill O'Regan, Group Chief Executive Officer of Modon Holding, said the project forms part of the company's wider vision for Hudayriyat Island and its approach to developing integrated destinations.
Ibrahim Al Maghribi, Chief Executive Officer of Modon Real Estate, said the development is designed around connectivity, quality of life and access to amenities while creating additional ownership opportunities for residents and investors.
With its villa offering and new financing arrangement, Wadeem Gardens adds another residential component to the growing pipeline of developments on Hudayriyat Island.
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