Majid Al Futtaim has signed a Memorandum of Understanding with Emirates NBD to offer mortgage financing during the off-plan phase for buyers across its residential portfolio in Dubai.
Under the agreement, customers who have completed 50 per cent of their property payments can apply for home-loan financing with Emirates NBD.
The offering includes interest rates, repayment periods of up to 25 years, and eligibility for UAE nationals and residents who meet the bank’s credit and income criteria.
Dubai homebuyers can now secure mortgages during off-plan phase through new partnership
The partnership allows buyers to manage their remaining tranche and handover payments through a single banking partner. Previously, buyers could not secure mortgage financing until after the handover phase.
“Buying a home is one of the biggest decisions people will make, and financial clarity plays a huge role in that. Working with Emirates NBD gives our customers an option that feels both familiar and flexible, especially for those who want the stability of a mortgage before handover. Majid Al Futtaimโs portfolio attracts a diverse mix of homeowners, and this step strengthens our commitment to making the journey as accessible and straightforward as possible. As the market evolves, people are looking for financing pathways that fit their long-term plans, and we intend to bring these options to more of our developments over time,” Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Development said in a statement.
The initiative marks a change in how homebuyers in Dubai can plan their investments. The setup provides buyers with visibility of their commitments as they move towards ownership.
“Dubaiโs property market continues to attract a diverse buyer base, from young families to long-term investors, with a growing preference for more structured payment arrangements. By working closely with Majid Al Futtaim, we are offering a financing route that gives buyers room to plan ahead while still benefiting from the value of off-plan opportunities. As a leading national bank in the region, we are committed to supporting customersโ home financing needs and this partnership is a natural extension of our ongoing efforts to support sustainable homeownership across the UAE,” Rohit Garg, Group Head of Retail Products and RBWM Chief Digital Officer at Emirates NBD added..
Majid Al Futtaim and Emirates NBD offer 25-year mortgages for off-plan properties
The agreement addresses a gap for customers who prefer mortgage financing while purchasing at the off-plan stage. Dubai’s residential market has shown demand for structured payment options.
With mortgage access now available midway through the payment plan, first-time buyers who previously viewed off-plan purchases as a challenge may find the option more realistic.
Customers considering a Majid Al Futtaim property are expected to find it easier to commit once they have clarity on future payment structures.
