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.