Sobha Realty and NBQ Team up to Offer Home Financing Solutions for Off-plan projects across the UAE - Middle East Business News and Information - mid-east. info
Umm Al Quwain, UAE -July 2026: Sobha Realty, a leading luxury real-estate developer globally and National Bank of Umm Al Qaiwain NBQ, have signed a Memorandum of Understanding (MoU) to provide pref…
Umm Al Quwain, UAE -July 2026: Sobha Realty, a leading luxury real-estate developerglobally and National Bank of Umm Al Qaiwain NBQ, have signed a Memorandum of Understanding(MoU) to provide preferential mortgage and financing solutions for customers purchasing off planresidential units across Sobha Realty’s developments. The partnership reflects the commitment towards supporting the UAE’s dynamic real estate sectorby making homeownership more accessible and delivering tailored financing solutions that meet theevolving needs of both end-users and property investors. Eligible customers purchasing residential units from Sobha will benefit from competitive mortgagerates, preferential financing terms, and a streamlined application process designed to providegreater convenience and flexibility throughout their home-buying journey. The collaboration combines Sobha’s reputation for delivering high-quality, master-plannedcommunities with NBQ’s customer-centric banking services and expertise in residential financing,enabling customers to make informed property decisions supported by reliable and flexible financialsolutions. The UAE’s real estate sector continues to demonstrate strong momentum, driven by robusteconomic fundamentals, investor confidence, progressive government policies, and growing demandfrom local and international buyers. As financing plays an increasingly important role in facilitatingsustainable market growth, partnerships between leading financial institutions and developers arebecoming essential to enhancing accessibility and supporting long-term investment. Mr. Francis Alfred, Managing Director of Sobha Realty said: “At Sobha Realty, we arecommitted to creating exceptional living experiences while ensuring that the path to homeownershipis as seamless and accessible as possible. Our partnership with NBQ reflects a shared vision ofdelivering greater value to customers through integrated solutions that simplify the home-buyingjourney and empower buyers to make confident investment decisions. As demand for high-quality residential communities continues to grow across the UAE, access toflexible and reliable financing has become increasingly important. By combining Sobha Realty’slegacy of craftsmanship, quality, and customer-centricity with NBQ’s expertise in residentialfinancing, we are enhancing the overall customer experience and supporting the long-term growthof the UAE’s real estate sector. We look forward to enabling more individuals, families, and investorsto access the exceptional lifestyle offered across our developments. ”Mr. Adnan Al Awadhi, Chief Executive Officer of National Bank of Umm Al Qaiwain, said:“At NBQ, we believe responsible financing is a key enabler of sustainable development and one ofthe most effective ways to support the continued development of the UAE’s real estate sector. Ourpartnership with Sobha reflects our commitment to helping individuals and families to realize theirdream homes and providing investors with flexible financing solutions that allow them to capitalizeon the opportunities offered by one of the world's most dynamic property markets. ”He added: “We are focused on providing a seamless and personalized banking experience thatempowers our customers to make confident financial decisions. Through strategic partnerships withtrusted developers such as Sobha, we continue to expand our financing solutions that combineconvenience, flexibility and long-term value, while contributing to the UAE’s vision for sustainablegrowth. This MoU reinforces NBQ’s broader strategy of building partnerships across key sectors ofthe economy and delivering innovative solutions that create lasting value for customers, businesses,and communities”. The agreement will allow customers to avail mortgage loans on homes purchased within SobhaRealty’s flagship masterplans in Umm Al Quwain; Sobha Siniya Island and Downtown UAQ | SobhaRealty and across all of the other developments of Sobha Realty. Together, these landmark developments underscore Sobha Realty’s long-term commitment toshaping the future of UAE through thoughtfully designed communities that elevate quality of life,attract investment, and support the emirate’s broader economic and urban development ambitions. About Sobha Realty:Sobha Realty is an international luxury developer committed to redefining the art of living through sustainablecommunities. Established in 1976 as an interior decoration firm in Oman by PNC Menon – a visionary entrepreneur –the company has grown its presence with developments and investments in the UAE, Oman, and India. For nearlyfive decades, Sobha Realty has been redefining the real estate value chain through ‘Backward Integration’ byleveraging its inherent in-house capabilities of conceptualization, design, and development. Today, the firm hasdeveloped into one of the most prominent and premium real estate developers in the UAE and aims to become aglobal real estate developer with its essence, the ‘The Art of Detail,’ remaining deeply embedded in the organization’sDNA. With a proven track record of delivering projects ahead of schedule, the company has sixteen masterplansacross the UAE and is expanding its presence in new international markets such as the US and Australia. The flagshipcommunity of Sobha Realty (Sobha Hartland) is a thriving community that is home to over 11,000 residents. Sobha Siniya Island, Sobha Realty's masterplan and its very first-ever luxury island project, features luxury villas,mansions, and resorts within a serene island setting. About NBQ:Established in 1982, the National Bank of Umm Al Qaiwain (NBQ) is a leading UAE national bank offering acomprehensive range of retail, corporate, and treasury banking solutions. Headquartered in the Emirate of Umm AlQuwain, NBQ is committed to supporting the UAE’s economic growth through customer-centric services, digitalinnovation, and sustainable banking practices. The Bank continues to strengthen its market position through strategicpartnerships, prudent financial management, and a strong focus on governance and compliance.