Mashreq launches Off-Plan Mortgage financing — 50% LTV on under-construction Dubai property
Mashreq Bank
Mashreq Bank has launched Off-Plan Mortgage financing — letting buyers of under-construction Dubai property secure a mortgage before handover. The product offers up to 50% loan-to-value and a maximum loan of AED 10 million, pre-approved for Emaar, Dubai Holding and Aldar projects.
Eligibility & key terms
| Criterion | Requirement |
|---|---|
| Customer segment | UAE residents only |
| Minimum salary | AED 40,000/month (salaried) · AED 50,000/month (self-employed) |
| Maximum LTV | 50% |
| Maximum loan amount | AED 10,000,000 |
| Buyer's prior payment | Must have already paid a minimum of 50% of the property |
| Property location | Dubai properties only |
| Self-employed pricing | Same rates for both Full Doc & Low Doc policies |
Eligible projects
- Project must have at least 35% construction completed, with handover expected within 24 months.
- Pre-approved developers: Emaar, Dubai Holding, and Aldar.
- All other developers/projects require specific approval from Mashreq's Business and Policy teams.
What it means for buyers
This is a meaningful addition to Dubai's off-plan financing landscape:
- Finance before handover: buyers who've already paid ~50% into an under-construction unit can now bring in mortgage financing for the balance, rather than funding it all from cash.
- The 50% LTV cap reflects the higher risk of off-plan — you'll still need substantial equity, but it frees up cash that would otherwise be locked into the developer payment plan.
- The salary bar is high (AED 40k/50k) — this is aimed at the premium end. If you don't meet it, compare against other developer tie-up products (DIB and Arab Bank both ran Jebel Ali Village handover offers earlier this year).
Off-plan financing terms vary sharply by bank and developer — an advisor can map your specific project and payment stage against who lends and on what terms.
Need to talk it through? Mortgease's advisory team can help you map this against your specific situation — free, no obligation.
Chat on WhatsApp