Sobha Realty Partners with National Bank of Umm Al Quwain (NBQ) for Off-Plan Home Financing Across UAE Developments
Partnership Brings Preferential Financing to Sobha Realty's Off-Plan Portfolio
Sobha Realty and National Bank of Umm Al Qaiwain (NBQ) have signed a Memorandum of Understanding to provide preferential mortgage and financing solutions for customers purchasing off-plan residential units across Sobha Realty's developments. The agreement, signed on July 1, 2026, expands access to home financing across the developer's entire UAE portfolio.
The agreement allows customers to avail mortgage loans on homes purchased within Sobha Realty's flagship masterplans in Umm Al Quwain—Sobha Siniya Island and Downtown UAQ—and across all other Sobha Realty developments.
Financing Terms and Eligibility
Eligible customers purchasing residential units from Sobha 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 collaboration combines Sobha Realty's legacy of craftsmanship, quality, and customer-centricity with NBQ's expertise in residential financing, enhancing the overall customer experience and supporting the long-term growth of the UAE's real estate sector.
Market Context: Sobha's Expansion and Financial Strength
Sobha Realty completed around 3,000 residential units ahead of schedule and launched approximately 15,000 new units during 2025, driven by four major master developments including Sobha Solis, Sobha Central, and Sobha Skyparks in Dubai and Downtown UAQ in Umm Al Quwain.
As of 2025, the developer's UAE portfolio exceeded 39,000 units across 14 master-planned projects in Dubai and Umm Al Quwain. The company's expansion momentum continued into 2026 with the launch of Sobha Sanctuary in Dubai and Sobha City in Abu Dhabi, bringing Sobha Realty's total UAE master developments to 16.
The developer's successful tie-ups for off-plan financing are credited to Sobha's financial foundation and on-time delivery of projects—the fact that buyers can secure financing even in the current environment reflects both the strength of the market and the strength of the Sobha brand.
Sobha Siniya Island and Downtown UAQ: Flagship Waterfront Projects
Sobha Siniya Island, Sobha Realty's first-ever luxury island project, features luxury villas, mansions, and resorts within a serene island setting. The luxury waterfront community in Umm Al Quwain offers a collection of beachfront villas, sea-facing mansions, marina residences, and premium apartments, with private beaches, yacht marina, waterfront amenities, and excellent connectivity to Ras Al Khaimah and Dubai.
Located 50 minutes from Dubai, Sobha Siniya Island beautifully harmonises luxury with nature, offering an exquisite collection of resorts, mansions, villas and residences, while capturing the tranquillity of untouched natural beauty and preserving pristine mangroves and wildlife such as rare turtles, gazelles, and flamingos.
NBQ's Role in UAE Real Estate Finance
Established in 1982, the National Bank of Umm Al Qaiwain (NBQ) is a leading UAE national bank offering a comprehensive range of retail, corporate, and treasury banking solutions, headquartered in the Emirate of Umm Al Quwain and committed to supporting the UAE's economic growth through customer-centric services, digital innovation, and sustainable banking practices.
NBQ's CEO Adnan Al Awadhi stated that the partnership reflects the bank's commitment to helping individuals and families to realise their dream homes and providing investors with flexible financing solutions that allow them to capitalize on the opportunities offered by one of the world's most dynamic property markets.
Developer's Broader Growth Strategy
Sobha Realty was established in 1976 as an interior decoration firm in Oman by PNC Menon—a visionary entrepreneur—and has since grown its presence with developments and investments in the UAE, Oman, and India.
With a proven track record of delivering projects ahead of schedule, the company has sixteen masterplans across the UAE and is expanding its presence in new international markets such as the US and Australia.