A Strategic Partnership Transforming Real Estate

Majid Al Futtaim, a leading developer in the Middle East, has partnered with Emirates NBD, one of the region’s largest banks, to launch off‑plan mortgage financing for residential buyers in Dubai. This collaboration marks a significant milestone in the emirate’s property market, offering structured financing solutions during the construction phase.

Key Benefits of the Initiative

Early mortgage access: Buyers can apply for financing once 50% of the property value is paid.

Extended repayment terms: Emirates NBD offers repayment periods of up to 25 years.

Eligibility for nationals and residents: Financing is available to UAE citizens and expatriates subject to credit approval.

Reduced upfront costs: Structured payments ease the financial burden compared to traditional developer plans.

Enhanced investor confidence: Bank‑backed financing adds credibility and security to off‑plan projects.

Why This Matters for Dubai's Property Market

Traditionally, Dubai's off‑plan market has relied on developer‑led installment plans. By introducing bank‑backed mortgage financing, Majid Al Futtaim and Emirates NBD are bridging the gap between construction‑phase payments and post‑handover mortgages. This move is expected to accelerate project absorption, improve affordability for end‑users, and align Dubai's property sector with global financing practices.

Impact on Buyers and Investors

End‑users: Families and professionals benefit from reduced upfront costs and manageable monthly payments.

Investors: Structured financing increases liquidity and lowers risk, making Dubai's off‑plan market more attractive.

Developers: Confidence in sales grows as bank financing reassures buyers about project credibility.

Conclusion

The partnership between Majid Al Futtaim and Emirates NBD represents a strategic milestone for Dubai's real estate sector. By offering off‑plan mortgage financing, the collaboration empowers buyers, strengthens investor confidence, and sets a new benchmark for property transactions in the region.