MPM Properties supporting Abu Dhabi’s luxury Jubail Island development
Jubail Investment Company has signed a strategic partnership with Abu Dhabi Islamic Bank, which includes a remit for its real estate consultancy and management arm MPM Properties.
The key focus of the partnership is the further development of Jubail Island, a large master-planned luxury residential and lifestyle development along Abu Dhabi’s coastline. Positioned between Yas Island and Saadiyat Island, Jubail Island will, once completed, house more than 10,000 residents in villas, luxury residences and apartments across its 40 million-square-metre development, which is spread across six villages.
Alongside its residential offering, the development features extensive mangroves, parks and waterways, as well as more than 30 km of waterfront. Jubail Island is already operational, with more than 1,000 homes completed and handed over to residents. The remaining components of the masterplan are expected to be completed through the remainder of 2026 and 2027.
The financing of Jubail Island has been backed by Abu Dhabi Islamic Bank from the very beginning, with the bank the sole financer for the island project from inception through to completion. “From initial project structuring, finance and funding to facilitating home ownership for end buyers, Abu Dhabi Islamic Bank has acted as a one-stop financial partner, supporting the successful progress and delivery of Jubail Island,” said Mohamed Abdelbary, CEO of the Islamic financial institution.
Renewed and expanded partnership
Building on this collaboration, Jubail Investment Company and Abu Dhabi Islamic Bank have signed a Memorandum of Understanding (MoU) to further enhance the financial services available to customers financing properties within Jubail Island.
Under the partnership, Abu Dhabi Islamic Bank will provide a comprehensive range of Shari’a-compliant financing, including home finance, personal finance and tailored banking services for Jubail Investment Company customers.
The bank’s property advisory and management arm, MPM Properties, will provide property management services for the Jubail Island project.
“Our partnership with Jubail Investment Company reflects our ability to support transformative real estate developments through a fully integrated banking model,” said Abdelbary. “By supporting this project from inception through to delivery, we have reinforced our integrated banking model, combining corporate financing with home finance, banking solutions and property management capabilities to support customers and partners across the full real estate lifecycle.”
Mounir Haidar, Managing Director and Board Member at Jubail Investment Company, said: “Jubail Island was envisioned as more than a residential development; it is a strategic contribution to Abu Dhabi’s long-term vision of building sustainable, future-ready communities that enhance quality of life while preserving the emirate’s natural heritage.”
“Together with Abu Dhabi Islamic Bank and MPM Properties, we are enabling a development that supports economic diversification, attracts investment and reinforces Abu Dhabi’s position as a global destination for refined, nature-led living.”
