Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia has signed a Memorandum of Understanding (MoU) with Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region.
Under the MoU, buyers across Majid Al Futtaim’s residential communities will now be able to secure mortgage financing while their properties are still in the off-plan phase. This breakthrough marks a significant evolution in the options available to Dubai homebuyers as they plan for long-term investment.
Through this new offering, Majid Al Futtaim customers who have completed 50 percent of their property payments can now seamlessly apply for home-loan financing with Emirates NBD. The initiative offers competitive interest rates, repayment periods of up to 25 years, and eligibility for both UAE nationals and residents who meet the bank’s standard credit and income criteria.
The setup also allows buyers to manage their remaining tranche and handover payments through a single banking partner, offering a clearer view of their commitments as they move toward ownership.
The partnership allows Majid Al Futtaim to better serve customers who value the certainty of traditional mortgage financing, even when buying off-plan. As Dubai’s residential market moves increasingly toward structured payment solutions, the introduction of this approach signals rising demand for stable, bank-backed alternatives.
The partnership supports Emirates NBD’s long-standing role as a trusted home-financing provider in the UAE. By enabling off-plan mortgage options, the bank aims to strengthen market confidence and foster more responsible, well-informed buying practices.
Ahmed El Shamy CEO – Majid Al Futtaim Properties
“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. Majid Al Futtaim’s portfolio attracts a diverse mix of homeowners, and this step strengthens our commitment to making the journey as accessible and straightforward as possible. 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 that, “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. As a leading national bank in the region, we are committed to supporting customers’ home financing needs and this partnership is a natural extension of our ongoing efforts to support sustainable homeownership across the UAE.”
The MoU is set to reshape the customer purchase journey. With mortgage access now available midway through the payment plan, off-plan buying becomes a more attainable option for first-time purchasers. Existing prospects, meanwhile, gain greater clarity on future payments, making it easier to commit to a Majid Al Futtaim property.
Off-plan mortgages are designed to support the company’s mission to deliver accessible, high-quality communities while strengthening stability and confidence in Dubai’s real estate market.
