Abu dhabi: Expo City Dubai has entered into an agreement with Emirates NBD, a prominent banking group in the Middle East, North Africa, and Trkiye (MENAT) region, to provide customized mortgage and home financing solutions aimed at assisting buyers across its extensive residential portfolio.
According to Emirates News Agency, the collaboration signifies robust long-term growth in Dubai's residential real estate sector, with a rising demand for structured financing solutions. These include options for ready-to-handover and off-plan properties, facilitating various stages of an investor's journey to home ownership.
This partnership, available to all buyers of Expo City Dubai properties subject to standard banking and regulatory requirements, streamlines the transaction process. It offers enhanced convenience for investors while ensuring greater payment assurance during the remaining development and delivery phases.
Ahmed Al Khatib, Chief Development and Delivery Officer at Expo City Dubai, emphasized that the collaboration with Emirates NBD demonstrates shared confidence in the ongoing stability and strength of Dubai's residential real estate market. These solutions provide investors with clarity and reassurance when purchasing property within Expo City Dubai's expanding residential communities.
Yousuf Saeed Mohd, Group Head of Priority and Personal Banking, and Retail Banking Sales at Emirates NBD, expressed pride in partnering with Expo City Dubai. He highlighted that the collaboration offers innovative and competitive offerings to prospective homeowners, making their journey to owning a residence within Expo City Dubai's vibrant community seamless and rewarding. This partnership not only reinforces Emirates NBD's commitment to driving the growth of Dubai's dynamic real estate sector but also strengthens its position as a trusted partner in advancing national priorities.
The partnership aligns with Dubai's broader vision for sustainable urban growth and long-term economic development, illustrating the momentum of Expo City Dubai's transformation into a fully integrated city. The city is set to welcome its first residents by the end of this year.