Majid Al Futtaim, the regional shopping mall, communities, retail and leisure group, has signed a Memorandum of Understanding (MoU) with Emirates NBD, one of the UAE’s leading banking groups, to introduce mortgage financing for off-plan properties across Majid Al Futtaim’s residential developments.
The agreement marks a first for Majid Al Futtaim customers, allowing homebuyers to apply for financing during the off-plan phase once 50 per cent of their property payments are completed. Buyers can access competitive interest rates and repayment periods of up to 25 years, with eligibility open to both UAE nationals and residents meeting Emirates NBD’s lending criteria.
The initiative simplifies the ownership journey by enabling customers to manage remaining payments through a single banking partner, offering clearer long-term financial visibility and confidence in planning.
Ahmed El Shamy, CEO of Majid Al Futtaim Development, said: “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.
“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.”
Rohit Garg, Group Head of Retail Products and RBWM Chief Digital Officer at Emirates NBD, said: “Dubai’s 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.”
The MoU supports Emirates NBD’s efforts to expand sustainable homeownership solutions while complementing Majid Al Futtaim’s strategy to make high-quality communities more accessible.
Both organisations view the partnership as a long-term framework to introduce new financing models that reinforce buyer confidence and stability in Dubai’s maturing real estate market.
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