Sobha Realty has partnered with the National Bank of Umm Al Qaiwain (NBQ) to offer preferential home financing solutions for eligible buyers purchasing off-plan residential properties across its developments in the UAE.
July 03, 2026 | Riya Malhotra | UAE | Real Estate
Sobha Realty has signed a Memorandum of Understanding (MoU) with the National Bank of Umm Al Qaiwain (NBQ) to provide home financing solutions for eligible customers purchasing off-plan residential units across the developer's projects in the UAE.
The partnership will offer preferential mortgage rates, competitive financing terms and a streamlined application process designed to simplify the home-buying journey for both end-users and investors.
The financing programme will apply to homes across Sobha Realty's portfolio, including its flagship developments Sobha Siniya Island and Downtown UAQ in Umm Al Quwain, as well as other residential communities developed by the company across the UAE.
The collaboration comes as developers increasingly partner with financial institutions to improve financing accessibility for off-plan buyers. Such arrangements are becoming more common across the UAE as the residential market continues to attract growing interest from both domestic purchasers and international investors.
Francis Alfred, Managing Director of Sobha Realty, said the partnership is intended to make homeownership more accessible while providing buyers with greater confidence throughout the purchasing process.
He added that flexible financing has become increasingly important as demand for high-quality residential communities continues to grow across the UAE.
Adnan Al Awadhi, Chief Executive Officer of NBQ, said the agreement reflects the bank's commitment to supporting sustainable growth in the UAE's real estate sector through responsible financing and customer-focused mortgage solutions.
He noted that strategic partnerships with developers enable the bank to expand financing options while delivering greater flexibility and convenience for homebuyers and investors.
The agreement reflects a broader trend within the UAE property market, where developers and banks are working more closely to reduce barriers to homeownership and improve customer access to mortgage products. By integrating financing solutions into the purchasing process, such partnerships aim to provide buyers with greater certainty while supporting transaction activity across the residential sector.
The collaboration also supports Sobha Realty's long-term strategy of expanding its residential footprint while strengthening customer access to financing across its growing portfolio of master-planned communities.
Sources: Sobha Realty and National Bank of Umm Al Qaiwain (NBQ) joint announcement, 1 July 2026
