Dubai’s real estate market continues to evolve with innovative solutions designed to make property ownership more accessible. Majid Al Futtaim, a leading regional group known for its shopping malls, communities, retail, and leisure projects, has signed a partnership with Emirates NBD, one of the UAE’s leading banks, to introduce mortgage financing for off-plan properties.
This new agreement allows homebuyers to secure bank financing after paying 50% of their property value. The partnership aims to make off-plan property purchases easier, offering greater flexibility for investors and residents across Dubai.
How the New Mortgage Solution Works
Off-plan properties refer to homes that are still under construction, where buyers usually pay in installments during the development phase. Traditionally, banks preferred to provide loans only for completed properties due to their resale value.
Through this partnership, buyers can pay 50% of the property directly to Majid Al Futtaim and then access Emirates NBD’s mortgage solutions for the remaining amount. This approach reduces the upfront financial burden, allowing buyers to plan their finances more efficiently.
The agreement ensures a smooth and transparent process, giving buyers confidence in their investment and securing financing from a reliable banking partner.
Benefits for Homebuyers
This new mortgage initiative offers multiple advantages for buyers in Dubai.
Reduced Initial Financial Pressure
Paying only half of the property value upfront makes it easier for buyers to manage their finances. First-time homeowners and investors can enter the market without committing their full capital at once.
Flexible Payment Options
Buyers can structure their payments according to their financial capabilities. The remaining 50% financed through Emirates NBD offers more flexibility and reduces financial stress.
Access to Premium Developments
Majid Al Futtaim’s residential projects are known for modern design, high-quality construction, and strategic locations. The partnership allows buyers to access these premium homes with a more manageable financial plan.
Increased Confidence in Investment
With Emirates NBD as a banking partner, buyers can feel secure about the mortgage process. The bank ensures transparent approvals and reliable financing terms, giving peace of mind to homeowners.
Impact on Dubai’s Residential Market
Dubai’s real estate sector has always attracted global investors and residents. This off-plan mortgage solution is expected to encourage more investment by reducing barriers for buyers.
The flexible financing makes homeownership more inclusive, catering to first-time buyers, expatriates, and seasoned investors. Developers, including Majid Al Futtaim, benefit from faster sales cycles and increased visibility for their projects.
Experts predict this partnership could become a model for off-plan financing in Dubai, inspiring other developers and banks to offer similar solutions.
About Majid Al Futtaim Residential Projects
Majid Al Futtaim is recognized for delivering residential developments that focus on lifestyle, sustainability, and community living. Their projects include luxury apartments, townhouses, and family-friendly villas, all designed to meet the diverse needs of Dubai residents.
Partnering with Emirates NBD allows buyers to access these high-quality homes without the financial strain of paying the full property value upfront. The collaboration supports Majid Al Futtaim’s vision of creating integrated communities where residents can enjoy convenience, amenities, and long-term value.
About Emirates NBD
Emirates NBD is one of the UAE’s largest and most trusted banks, offering a wide range of mortgage products tailored to various customer needs. Through this partnership, the bank strengthens its role in supporting Dubai’s real estate market by providing practical and secure financing solutions for off-plan properties.
The bank’s involvement ensures transparency and reliability, giving buyers confidence in their investment decisions.
Why This Partnership Matters
This collaboration marks an important development in Dubai’s residential property market. It combines Majid Al Futtaim’s expertise in delivering premium properties with Emirates NBD’s financial strength and mortgage experience.
By allowing buyers to pay only 50% upfront, the initiative removes financial barriers and makes homeownership more accessible. This approach benefits both developers and buyers while enhancing confidence in the market.
Looking Ahead
The Majid Al Futtaim and Emirates NBD partnership represents a growing trend in Dubai: creating buyer-centric solutions that make property investment easier and more flexible.
As the city continues to attract international residents and investors, demand for residential properties is expected to rise. Flexible mortgage solutions like this not only encourage more buyers but also support the long-term stability and growth of Dubai’s real estate market.
Such collaborations are likely to inspire similar partnerships, creating more opportunities for buyers to secure homes with manageable payments. For those looking to invest in Dubai, this initiative provides an ideal way to own premium homes while planning finances effectively.
The partnership demonstrates that securing a home in Dubai does not have to be financially overwhelming. Buyers can now invest confidently, access flexible payment plans, and enjoy the benefits of living in thoughtfully designed communities.
Majid Al Futtaim and Emirates NBD have set a new benchmark for off-plan property financing in Dubai, making homeownership more practical, secure, and appealing for residents and investors alike.
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