NBQ and Sobha Realty Partner to Offer Off-Plan Home Financing Solutions

UMM AL QAIWAIN, UAE – National Bank of Umm Al Qaiwain (NBQ) and Sobha Realty have signed a Memorandum of Understanding (MoU) to provide preferential mortgage and financing solutions for customers purchasing off-plan residential units across Sobha Realty's developments. According to WAM, the partnership aims to make homeownership more accessible while supporting the continued growth of the UAE's real estate sector.

The collaboration is designed to deliver tailored financing solutions for both end-users and property investors, reflecting the growing importance of accessible home financing in an increasingly active residential market.

Eligible customers purchasing residential units from Sobha Realty will benefit from competitive mortgage rates, preferential financing terms, and a streamlined application process designed to provide greater convenience and flexibility throughout their home-buying journey.

The partnership combines Sobha Realty's expertise in delivering master-planned communities with NBQ's customer-focused banking services and residential financing capabilities, enabling buyers to make informed property decisions supported by flexible financial solutions.

The UAE's real estate sector continues to demonstrate strong momentum, driven by robust economic fundamentals, sustained investor confidence, progressive government policies, and growing demand from both local and international buyers. As financing plays an increasingly important role in supporting long-term market growth, collaborations between financial institutions and developers are becoming a key component of improving market accessibility.

Francis Alfred, Managing Director of Sobha Realty, said:

"At Sobha Realty, we are committed to creating exceptional living experiences while ensuring that the path to homeownership is as seamless and accessible as possible. Our partnership with NBQ reflects a shared vision of delivering greater value to customers through integrated solutions that simplify the home-buying journey and empower buyers to make confident investment decisions.

As demand for high-quality residential communities continues to grow across the UAE, access to flexible and reliable financing has become increasingly important. By combining Sobha Realty's legacy of craftsmanship, quality, and customer-centricity with NBQ's expertise in residential financing, we are enhancing the overall customer experience and supporting the long-term growth of the UAE's real estate sector. We look forward to enabling more individuals, families, and investors to access the exceptional lifestyle offered across our developments."

Adnan Al Awadhi, Chief Executive Officer of National Bank of Umm Al Qaiwain, said:

"At NBQ, we believe responsible financing is a key enabler of sustainable development and one of the most effective ways to support the continued development of the UAE's real estate sector. Our partnership with Sobha reflects our commitment to helping individuals and families to realise their dream homes and providing investors with flexible financing solutions that allow them to capitalise on the opportunities offered by one of the world's most dynamic property markets."

He added:

"We are focused on providing a seamless and personalised banking experience that empowers our customers to make confident financial decisions. Through strategic partnerships with trusted developers such as Sobha, we continue to expand our financing solutions that combine convenience, flexibility and long-term value, while contributing to the UAE's vision for sustainable growth. This MoU reinforces NBQ's broader strategy of building partnerships across key sectors of the economy and delivering innovative solutions that create lasting value for customers, businesses, and communities."

Under the agreement, customers will be able to access mortgage financing for homes purchased within Sobha Realty's flagship master-planned developments in Umm Al Quwain, including Sobha Siniya Island and Downtown UAQ | Sobha Realty, as well as across the developer's wider portfolio of projects.

The partnership further reinforces Sobha Realty's long-term commitment to delivering thoughtfully planned communities that enhance quality of life, attract investment, and contribute to the UAE's ongoing economic and urban development.