Dubai's real estate market has received a fresh boost as Emirates NBD (ENBD) announces significant mortgage policy changes for secondary market off-plan properties and select top-tier developer projects.
This update is set to improve financing accessibility, create new opportunities for investors, and enhance liquidity in Dubai's competitive property sector.
Premium Funding for Secondary Market Off-Plan Properties
ENBD will now permit secondary market funding for off-plan properties from approved developers.
Key highlights include:
- Loan Amount Basis: Funding will be calculated using the lower of the current purchase price/Memorandum of Understanding (MOU) or the current market value.
- Completion Requirement: The property must be at least 40% completed before financing is approved.
- Maximum Loan-to-Value (LTV): Capped at 50%.
đź’ˇ Why it matters: This offers greater flexibility for buyers interested in high-demand resale off-plan projects, especially in sought-after Dubai communities.
Off-Plan Financing for Projects by Leading Developers
ENBD has expanded off-plan mortgage financing to include projects from some of Dubai’s most reputable developers, such as:
Funding terms:
- Up to 75% of the original purchase price during construction (plus any premium for secondary market cases).
- The remaining 25% is payable on handover.
- Funding becomes available once 30% of the project is completed for all developers.
Additional Mortgage Terms and Limits
- LTV: remains at 50% in line with ENBD’s lending policies.
- Customer-Level Cap: AED 25 million per customer for off-plan funding.
- Business Verification (BV): Waived for non-ALE companies if the client meets these conditions:
- More than one year with the current employer.
- One-year bank statement showing salary credits.
- Clean AECB credit history for loan products over 12 months.
Impact on Dubai’s Property Market
- For Buyers: Access to financing for premium off-plan and resale projects will make prestigious communities more attainable.
- For Sellers: This policy can improve secondary market liquidity, making it easier to sell off-plan properties nearing completion.
- For Investors: Strategic opportunities now exist to enter Dubai’s most in-demand developments earlier, using mortgage leverage for potentially higher ROI and capital appreciation.
Why This Policy Update Is a Game Changer
With financing now extended to high-profile projects and secondary market resales, ENBD is positioning itself as a go-to bank for serious investors and end-users alike. Many of the approved developers are behind Dubai’s landmark communities, meaning these changes could accelerate transactions in prime areas like Downtown Dubai, Dubai Marina, Business Bay, and beachfront districts.
Bottom Line
This policy opens doors for smarter investment strategies in Dubai real estate. Whether you’re a buyer, seller, or investor, this is a prime time to explore opportunities with the right financing partner.
If you are ready to take advantage of these financing options, contact us today to match the right mortgage solution with your property goals.