A partnership between Expo City Dubai and Emirates NBD to facilitate real estate financing
Dubai, June 29 / WAM / Expo City Dubai announced the signing of a strategic partnership agreement with Emirates NBD Bank, the leading banking group in the Middle East, North Africa and Turkey region, to provide customized financing solutions for real estate investment and residential home ownership within its portfolio of diverse residential projects.
This partnership comes in line with the strong momentum witnessed by the residential real estate sector in Dubai, and is a response to the growing demand for customized financing solutions – including for properties ready for delivery or those still under construction, which aim to facilitate the investor’s experience in owning a home.
The financing solutions and facilities provided simplify the purchase and financing process, providing greater convenience to investors with greater payment guarantee during the remaining development and delivery stages. These solutions will be available to all buyers of Expo City Dubai properties, in accordance with the usual banking and regulatory conditions and requirements.
Ahmed Al Khatib, CEO of Real Estate Development and Delivery at Expo City Dubai, said that the partnership with Emirates NBD embodies the shared confidence in the stability of the residential real estate market in Dubai and the solid foundations on which it is based, while the financing solutions it provides contribute to supporting our investors in their journey towards home ownership, while providing more transparency and flexibility to enhance the real estate purchasing experience smoothly and easily within the constantly growing residential communities in Expo City Dubai.
For his part, Yousef Saeed Mohammed, Head of Priority Banking, Personal Services, and Retail Banking Sales for the Emirates NBD Group, said that this partnership embodies the group’s commitment to empowering sectors pivotal to national development based on it being a reliable banking partner to advance the wheel of progress in Dubai and the UAE.
The partnership supports Dubai’s comprehensive vision for sustainable urban growth and long-term economic development, and embodies the continued momentum in transforming Expo City Dubai into an integrated city, with the reception of its first residents by the end of this year.
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