Sobha Realty and RAKBANK have signed an agreement to offer preferential mortgage solutions for eligible buyers, covering ready homes and selected off-plan properties across the UAE.
October 14, 2026 | Palak Kataria | UAE | Developer | 3 Min Read
Image Courtesy: Sobha Realty
Sobha Realty has partnered with RAKBANK to introduce preferential home financing solutions for eligible property buyers, bringing mortgage assistance closer to the home-buying process.
The agreement, announced on October 12, 2026, establishes a framework for financing ready residential properties in Dubai and Abu Dhabi, alongside selected off-plan developments in Dubai.
The collaboration is designed to offer buyers greater convenience when exploring mortgage options, with dedicated banking representatives available at selected Sobha Realty premises.
Under the agreement, eligible buyers of completed Sobha properties in Dubai and Abu Dhabi can apply for financing immediately, subject to RAKBANK’s lending criteria and approval.
For selected off-plan properties in Dubai, financing becomes available once buyers have paid at least 50% of the property’s value and the development has reached the prescribed construction milestone.
This arrangement provides an additional financing route for purchasers at different stages of their property acquisition.
The partnership also extends home financing solutions to eligible non-resident buyers of ready residential properties, including Golden Visa holders.
A central feature of the collaboration is the presence of RAKBANK representatives at selected Sobha locations.
Buyers will be able to discuss financing options, receive guidance on eligibility and obtain assistance with the mortgage application process.
Francis Alfred, Managing Director of Sobha Realty, said the partnership reflects the developer’s focus on making property purchases more convenient and transparent.
RAKBANK will also offer access to its Home in One mortgage product, which allows savings held in a linked account to help reduce mortgage interest costs while remaining accessible to the account holder.
Shehzad Hameed, Managing Director of Retail Banking at RAKBANK, highlighted the value of combining financing solutions with direct customer support during the property purchase journey.
The agreement reflects the growing importance of collaboration between property developers and financial institutions in supporting residential transactions.
For buyers, having financing guidance available alongside property sales consultations can help make the purchasing process easier to navigate.
With the partnership covering both resident and eligible international purchasers, Sobha Realty and RAKBANK aim to support a broader range of customers seeking residential property ownership in the UAE.
Sources: Sobha Realty; RAKBANK; Joint Press Release, October 12, 2026
