Sobha Realty and the 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-plan residential units across Sobha Realty’s developments in the UAE.
The partnership makes homeownership more accessible by offering financing solutions for both end-users and property investors.
Under the agreement, eligible customers purchasing residential units from Sobha Realty will benefit from competitive mortgage rates, preferential financing terms, and a streamlined application process.
The collaboration combines Sobha Realty’s residential developments with NBQ’s expertise in home financing to provide customers with flexible financing options and support informed property purchase decisions.
The agreement also enables customers to obtain mortgage financing for homes purchased in Sobha Siniya Island and Downtown UAQ | Sobha Realty in Umm Al Quwain, in addition to all other Sobha Realty developments across the UAE.
The companies said that the partnership reflects their shared commitment to supporting the UAE’s real estate market, where demand continues to be supported by economic growth, investor confidence, government initiatives, and interest from both domestic and international buyers.
Francis Alfred MD – Sobha Realty
“Our partnership with NBQ reflects a shared vision of delivering greater value to customers through integrated solutions that simplify the home-buying journey and empower buyers to make confident investment decisions. By combining Sobha Realty’s legacy of craftsmanship, quality, and customer-centricity with NBQ’s expertise in residential financing, we are enhancing the overall customer experience and supporting the long-term growth of the UAE’s real estate sector.”
Adnan Al Awadhi, Chief Executive Officer of National Bank of Umm Al Qaiwain (NBQ), remarked that, “Our partnership with Sobha reflects our commitment to helping individuals and families to realize their dream homes and providing investors with flexible financing solutions that allow them to capitalize on the opportunities offered by one of the world’s most dynamic property markets. This MoU reinforces NBQ’s broader strategy of building partnerships across key sectors of the economy and delivering innovative solutions that create lasting value for customers, businesses, and communities.”
