Luxury real-estate developer Sobha Realty and 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.
The partnership reflects a commitment towards supporting the UAE’s dynamic real estate sector by making homeownership more accessible and delivering tailored financing solutions that meet the evolving needs of both end-users and property investors.
Eligible customers purchasing residential units from Sobha will benefit from competitive mortgage rates, preferential financing terms, and a streamlined application process designed to provide greater convenience and flexibility throughout their home-buying journey.
“At Sobha Realty, we are committed to creating exceptional living experiences while ensuring that the path to homeownership is as seamless and accessible as possible.
“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. As demand for high-quality residential communities continues to grow across the UAE, access to flexible and reliable financing has become increasingly important.
“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.
“We look forward to enabling more individuals, families, and investors to access the exceptional lifestyle offered across our developments.”
Mr. Francis Alfred, Managing Director, Sobha Realty
The collaboration combines Sobha’s reputation for delivering high-quality, masterplanned communities with NBQ’s customer-centric banking services and expertise in residential financing, enabling customers to make informed property decisions supported by reliable and flexible financial solutions.
The UAE’s real estate sector continues to demonstrate strong momentum, driven by robust economic fundamentals, investor confidence, progressive government policies, and growing demand from local and international buyers.
As financing plays an increasingly important role in facilitating sustainable market growth, partnerships between leading financial institutions and developers are becoming essential to enhancing accessibility and supporting long-term investment.
“At NBQ, we believe responsible financing is a key enabler of sustainable development and one of the most effective ways to support the continued development of the UAE’s real estate sector.
“Our partnership with Sobha reflects our commitment to helping individuals and families to realise their dream homes and providing investors with flexible financing solutions that allow them to capitalise on the opportunities offered by one of the world’s most dynamic property markets. We are focused on providing a seamless and personalised banking experience that empowers our customers to make confident financial decisions.
“Through strategic partnerships with trusted developers such as Sobha, we continue to expand our financing solutions that combine convenience, flexibility and long-term value, while contributing to the UAE’s vision for sustainable growth.
“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”.
Mr. Adnan Al Awadhi, Chief Executive Officer of National Bank, Umm Al Qaiwain
The agreement will allow customers to avail mortgage loans on homes purchased within Sobha’s flagship masterplans in Umm Al Quwain, Sobha Siniya Island and Downtown UAQ.
Together, these landmark developments underpins the company’s long-term commitment to shaping the future of the UAE through thoughtfully designed communities that elevate quality of life, attract investment, and support the emirate’s wider economic and urban development ambitions.
