Emirates NBD has partnered with Shamal Holding to offer mortgage financing to buyers of Shamal's off-plan homes in Dubai, giving them access to a loan once they have paid half the property price.

Under the arrangement, buyers who reach the 50% payment milestone can tap into Emirates NBD financing that continues through to handover, rather than waiting until the property is fully paid for or completed before seeking a mortgage.

How the financing works

Emirates NBD's mortgage options for these buyers come with early clarity on rates and a streamlined approval process, according to the bank. Flexible payment support is also built in once the 50% threshold is met, aimed at easing the transition between the construction-linked payment plan and long-term financing.

The move gives buyers of Shamal's Dubai developments a clearer financial path from the point they are roughly halfway through their payment schedule, rather than treating financing as a separate step to be arranged only near or after handover.

Why the partnership matters

Yousuf Saeed Mohd, Group Head of Priority and Personal Banking, and Retail Banking Sales at Emirates NBD, said: "The collaboration empowers customers to make informed investment and home ownership decisions with greater security and confidence."

Abdulla Binhabtoor, Chief Executive Officer of Shamal Holding, said: "This partnership with Emirates NBD adds a vital new layer to our premium real estate strategy, extending that same standard of excellence to how our customers finance their homes."

About the two companies

Emirates NBD is based in Dubai and operates across 13 countries spanning the Middle East, North Africa, Türkiye and South Asia region. The bank's involvement in Shamal's off-plan sales process reflects a broader effort by lenders and developers to link financing more closely to the stages of a property's construction and payment plan.

For buyers considering Shamal's Dubai off-plan properties, the partnership means the 50% payment point now doubles as a financing milestone, with Emirates NBD's mortgage terms and approval process designed to carry them through to the day they receive their keys.

Reported by Fintech News UAE.