NBQ and Sobha Realty Sign MoU to Provide Home Financing Solutions for Off-Plan Projects - Business Today Middle East
National Bank of Umm Al Qaiwain (NBQ)andSobha Realtyhave signed a Memorandum of Understanding (MoU) to offer preferential mortgage and financing solutions for customers purchasing off-plan residential units. . .
National Bank of Umm Al Qaiwain (NBQ)andSobha Realtyhave signed a Memorandum of Understanding (MoU) to offer preferential mortgage and financing solutions for customers purchasing off-plan residential units across Sobha Realty’s developments. The partnership underscores both organisations’ commitment to supporting the UAE’s real estate sector by improving accessibility to homeownership and providing tailored financing options that meet the evolving needs of end-users and property investors. Under the agreement, eligible customers purchasing residential units from Sobha Realty will benefit from competitive mortgage rates, preferential financing terms, and a simplified application process designed to enhance convenience and flexibility throughout the property acquisition journey. The collaboration brings together Sobha Realty’s expertise in delivering high-quality, master-planned communities with NBQ’s customer-focused banking services and residential financing capabilities. This synergy aims to enable buyers to make informed property decisions supported by flexible and reliable financial solutions. The UAE real estate market continues to show strong growth momentum, driven by solid economic fundamentals, investor confidence, supportive government policies, and increasing demand from both local and international buyers. As financing becomes increasingly central to sustaining market expansion, partnerships between developers and financial institutions are playing a key role in improving accessibility and supporting long-term sector growth. Francis Alfred, Managing Director of Sobha Realty, said the partnership reflects a shared vision to make homeownership more accessible while enhancing the overall customer experience. He noted that as demand for high-quality residential communities rises across the UAE, flexible financing solutions are essential to supporting buyers and investors and strengthening the real estate ecosystem. He added that by combining Sobha Realty’s focus on craftsmanship and customer-centric development with NBQ’s expertise in residential financing, the collaboration will help more individuals, families, and investors access premium living experiences across its communities. Adnan Al Awadhi, Chief Executive Officer of NBQ, said responsible financing plays a vital role in supporting sustainable development and advancing the UAE’s real estate sector. He highlighted that the partnership reflects NBQ’s commitment to helping customers achieve homeownership through flexible and accessible financial solutions. He added that NBQ continues to focus on delivering a seamless and personalised banking experience, and through strategic partnerships with leading developers, aims to expand financing options that provide long-term value while supporting the UAE’s broader economic vision. The agreement enables customers to access mortgage financing for homes within Sobha Realty’s flagship master-planned communities in Umm Al Quwain, including Sobha Siniya Island and Downtown UAQ | Sobha Realty, as well as other developments by the company. These projects reflect Sobha Realty’s long-term vision to develop thoughtfully designed communities that enhance quality of life, attract investment, and contribute to the UAE’s wider urban and economic development goals.