UAE off-plan homebuyers to get preferential mortgage rates under new Sobha-NBQ deal
Eligible buyers of Sobha Realty off-plan homes in the UAE will receive preferential mortgage rates and financing terms under a new partnership with NBQ.
People buying eligible off-plan homes from Sobha Realty in the UAE will be offered preferential mortgage rates and financing terms under a new partnership with National Bank of Umm Al Qaiwain (NBQ) aimed at making home ownership more accessible.
The agreement will provide eligible customers with competitive mortgage rates, preferential financing and a streamlined application process for residential purchases across Sobha Realty developments, supporting both end-users and property investors.
Under the memorandum of understanding (MoU), eligible customers purchasing off-plan residential units from Sobha Realty will benefit from:
- Competitive mortgage rates
- Preferential financing terms
- A streamlined mortgage application process
- Greater convenience and flexibility throughout the home-buying journey
Supporting the UAE property market
The companies said the collaboration reflects their commitment to supporting the UAE’s real estate sector by making home ownership more accessible.
According to the announcement, the UAE property market continues to demonstrate strong momentum, supported by robust economic fundamentals, investor confidence, progressive government policies and growing demand from both local and international buyers.
The companies added that partnerships between financial institutions and developers are becoming increasingly important in supporting sustainable market growth and improving access to financing.
Francis Alfred, Managing Director of Sobha Realty, said, “At Sobha Realty, we are committed to creating exceptional living experiences while ensuring that the path to homeownership is as seamless and accessible as possible. Our partnership with NBQ reflects a shared vision of delivering greater value to customers through integrated solutions that simplify the home-buying journey and empower buyers to make confident investment decisions.
“As demand for high-quality residential communities continues to grow across the UAE, access to flexible and reliable financing has become increasingly important. By combining Sobha Realty’s legacy of craftsmanship, quality, and customer-centricity with NBQ’s expertise in residential financing, we are enhancing the overall customer experience and supporting the long-term growth of the UAE’s real estate sector. We look forward to enabling more individuals, families, and investors to access the exceptional lifestyle offered across our developments.”
Which developments are included?
The agreement allows customers to obtain mortgage financing for homes purchased within Sobha Realty’s flagship master-planned communities in Umm Al Quwain, including:
- Sobha Siniya Island
- Downtown UAQ | Sobha Realty
- Other Sobha Realty developments across the UAE
Adnan Al Awadhi, CEO of National Bank of Umm Al Qaiwain, said, “At NBQ, we believe responsible financing is a key enabler of sustainable development and one of the most effective ways to support the continued development of the UAE’s real estate sector. Our partnership with Sobha reflects our commitment to helping individuals and families to realise their dream homes and providing investors with flexible financing solutions that allow them to capitalise on the opportunities offered by one of the world’s most dynamic property markets.
“We are focused on providing a seamless and personalised banking experience that empowers our customers to make confident financial decisions. Through strategic partnerships with trusted developers such as Sobha, we continue to expand our financing solutions that combine convenience, flexibility and long-term value, while contributing to the UAE’s vision for sustainable growth. This MoU reinforces NBQ’s broader strategy of building partnerships across key sectors of the economy and delivering innovative solutions that create lasting value for customers, businesses, and communities”.
