Mashreq has launched an off-plan home loan product for UAE residents.
The offering is designed to meet the growing demand for off-plan financing, a segment that accounted for roughly 70% of Dubai property market transactions in 2025.
The mortgage provides a structured financing option for buyers purchasing under-construction properties in substantially progressed developments.
It includes zero pre-approval fees, repayment tenures of up to 25 years, and flexible repayment structures to help buyers manage cash flow.
However, the financing is strictly limited to select projects by leading developers. The property handover must be expected within 24 months for the development to be eligible.
To qualify for the loan, construction completion must have reached a minimum of 35%. Additionally, the buyer must have already paid at least 50% of the property’s transaction value.
“As the UAE continues to strengthen its position as a global destination for investment, the way customers engage with banking and financial services is evolving rapidly,”
said Fernando Morillo, Group Head of Retail Banking at Mashreq.
The new product complements the bank’s existing home loans for ready properties across the country.
Featured image credit: Edited by Fintech News UAE, based on image by digitizesc via Magnific
