Emirates NBD expands off-plan financing — Sobha Realty, Nakheel, Meraas added to developer panel

Emirates NBD has formalised new off-plan property financing partnerships with several of Dubai’s largest developers, broadening the range of projects eligible for ENBD home finance and streamlining the post-pre-approval documentation process for buyers.

What changed

ENBD has signed off-plan lending partnership agreements with the following developers, joining its existing partnership with Majid Al Futtaim from December 2025:

• Sobha Realty
• Dubai Holding Real Estate — covering Nakheel, Meraas, and Dubai Properties

ENBD’s wider off-plan financing scope is not limited to these new partnerships. The bank continues to finance projects from a broader panel of approved developers including Ellington Properties, Omniyat, Emaar Properties, DAMAC Properties, Aldar Properties (Dubai projects), Binghatti Developers, and Al Wasl Group.

Key conditions for off-plan financing

• Minimum 50% own contribution from the buyer’s own resources.
• Project must be at least 30% complete as verified through the Dubai Land Department (RERA) app — 40% completion required for resale transactions.
• Construction milestone-linked payment plans are not mandatory; ENBD will also finance buyers holding SPAs with time-based payment plans.
• A desktop property valuation is required.
• No preferential rates or fee waivers are currently being offered under these specific partnerships — standard ENBD rates apply.

What happens after pre-approval

Post pre-approval, the buyer must provide a No Objection Certificate (NOC) and a Statement of Account (SOA) from the respective developer. The good news: this process has been pre-aligned with the partnered developers, so collection should be faster and smoother than ad-hoc developer paperwork. Disbursement and property registration steps for off-plan transactions remain unchanged.

What it means for buyers

If you are buying off-plan from any of the partnered developers above, ENBD is now a stronger contender for your mortgage — the documentation flow is pre-aligned, reducing back-and-forth between you, the developer, and the bank.

The 50% own-contribution requirement is unchanged from ENBD’s standing off-plan policy, so this update doesn’t loosen affordability — it’s about smoother execution. For buyers who can meet the 50% threshold, this materially shortens the time from SPA to disbursement.