The move marks a shift in how off-plan buyers in Dubai can structure long-term payments.
Majid Al Futtaim has signed an MoU with Emirates NBD that will allow buyers of its residential properties to access mortgage financing during the off-plan phase for the first time.
The move marks a shift in how off-plan buyers in Dubai can structure long-term payments, giving them access to traditional bank financing once half of the property price has been paid.
Under the agreement, customers who have completed 50 percent of their payments can apply for home-loan financing from Emirates NBD, with repayment periods of up to 25 years and eligibility for both UAE nationals and residents who meet standard credit criteria.
Buyers will also be able to manage their remaining instalments and handover payments through the bank, consolidating their financial commitments under one provider.
Majid Al Futtaim said the partnership addresses a long-standing customer demand for mortgage options at the off-plan stage, especially as structured payment plans become more common in Dubai’s residential market.
“Buying a home is one of the biggest decisions people will make, and financial clarity plays a huge role in that,” said Ahmed El Shamy, Chief Executive Officer of Majid Al Futtaim Development.
He said the agreement gives customers access to a financing path that feels “familiar and flexible” for those who prefer mortgage stability before handover.
For Emirates NBD, the collaboration extends its position in the home-financing market and introduces a tool the bank says will support responsible buying behavior.
Rohit Garg, Group Head of Retail Products and RBWM Chief Digital Officer, said offering mortgages midway through an off-plan payment plan gives buyers more room to plan ahead while continuing to benefit from off-plan value.
The introduction of off-plan mortgages is expected to appeal to first-time buyers who previously viewed off-plan purchases as difficult to finance, while also helping existing Majid Al Futtaim customers commit earlier with a clearer understanding of future payments.
Both organizations see the MoU as the start of a wider shift in financing options across Majid Al Futtaim’s residential developments, with the model intended to support more predictable pathways to homeownership and reinforce confidence in Dubai’s real-estate market.
