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Wasl Group has announced its partnership with Emirates NBD to facilitate housing finance procedures for qualified buyers wishing to purchase units within the Wasl Properties projects under construction in Dubai.
Under the partnership, a dedicated team will manage customer relations and help them explore financing options, learn about eligibility requirements and required documents, and follow up on applications until they are processed and disbursed.
All applications are subject to the Bank’s credit policies, eligibility criteria and internal requirements, in addition to the applicable laws and regulations. The declaration did not specify interest rates, financing ratios or repayment terms, nor did it mention a certain repayment rate that the buyer must reach before applying for financing.
Rashid Al Awadi, Chief Real Estate Officer at Wasl, said that the partnership comes within the Group’s drive to develop a customer-centric experience by combining the expertise of both parties and providing specialized financing solutions.
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said the collaboration aims to provide support to customers while considering financing options for the purchase of properties under construction.
Wasl Group is one of the largest real estate assets development and management companies in Dubai and was established by Dubai Real Estate Corporation – DREC to oversee the management of its assets and expand its real estate portfolio. Al Wasl Group recently announced in a promotional video that its portfolio includes more than 70,000 residential and commercial units, 1,343 buildings, 23 major projects, in addition to 5,970 plots of land. The portfolio also includes 37 hotels offering about 9,000 hotel rooms, 14 community malls, more than 8 golf courses and 380 restaurants.
During 2026, Emirates NBD announced similar financing agreements for projects under construction with North Holding, H&H Development and Sobha Realty, and signed a Memorandum of Understanding (MoU) with Dubai Holding to provide financing solutions for Meraas, Nakheel and Dubai Properties projects. The bank linked the availability of financing to 50% of the unit’s repayment in its agreements with North Holding and H&H Development, while it did not announce a similar condition in the Wasl agreement.
The importance of identifying the conditions of mortgage financing before the purchase of the units under construction, especially with regard to the first installment, financing rates, interest rates and repayment dates. Buyers can see the Dubai-UAE Mortgage Finance Manual prepared by Al Masdar Real Estate to understand the financing requirements and associated costs. Also helps the guide to buying a property on the map or the ready-made property in Dubai? Buyers are on a comparison of the two options in terms of financial liabilities, delivery dates and potential risks.
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