Mashreq launches off-plan mortgage: conditions and requirements for UAE residents
In short
Mashreq has launched a mortgage dedicated to off-plan properties for UAE residents: max LTV 50%, tenure up to 25 years, zero pre-approval fees. Accessible for developments with ≥35% construction completion, handover within 24 months, and buyers who have already paid at least 50% of the property price. Financing available up to AED 10 million.
Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of its Off-Plan Home Loan, a mortgage product specifically designed for the purchase of properties under construction. The product is reserved for UAE residents and addresses the growing demand for financing in the off-plan segment, which in May 2026 alone accounted for 74% of residential transactions registered by the Dubai Land Department.
Loan terms: 50% LTV, tenure up to 25 years
The product offers a maximum loan-to-value (LTV) of 50% on the off-plan property, in line with the limits set by the Central Bank of the UAE (CBUAE) for financing on properties not yet completed. The maximum tenure is 25 years, with flexible repayment structures designed to optimise the buyer's liquidity during the construction phase. Zero pre-approval fees apply — a distinguishing element compared to other similar products on the market.
The financeable amount can reach up to AED 10 million. Mashreq has stated that the goal is to allow buyers to optimise liquidity and manage cash flow more effectively during the construction period, without having to immobilise the entire capital before handover.
Eligibility requirements: construction, buyer and timing
Mashreq's Off-Plan Home Loan imposes specific conditions both on the property and on the buyer. On the construction side: the project must have reached at least 35% progress and handover must be scheduled within 24 months from the loan application date. On the buyer side: at least 50% of the total property price must have already been paid — meaning the financing covers the residual share of the purchase price, not the first instalments.
- Maximum LTV: 50% of the off-plan property value
- Tenure: up to 25 years
- Zero pre-approval fees
- Amount: up to AED 10 million
- Construction requirement: progress ≥35%
- Timing requirement: handover scheduled within 24 months
- Buyer requirement: at least 50% of the price already paid
Context: off-plan is 70% of Dubai's residential market
Mashreq's launch is not coincidental. The off-plan segment represented around 70% of Dubai residential transactions in 2025 and continues to dominate in 2026: in May it generated 7,079 contracts worth AED 14.18 billion out of 9,507 total residential transactions (DLD data). Specific financing for this segment was previously limited, with most developers managing payment plans independently during construction. Mashreq's product fills a structural gap in the market.
Original source
Article based on Mashreq Expands Its Mortgage Offering with the Launch of Off-Plan Home Loan Financing for UAE Residents — Al Bawaba · 2 Jun 2026. Reading, analysis and commentary are original.
Frequently asked
What is Mashreq's Off-Plan Home Loan?
A mortgage launched in June 2026, reserved for UAE residents, to finance the purchase of off-plan properties in advanced construction phase.
What is the maximum LTV for Mashreq's off-plan mortgage?
50% of the property value, in line with CBUAE limits for properties not yet completed.
What are the construction requirements to access the loan?
The project must have reached at least 35% completion and have a handover date scheduled within 24 months from the loan application.
Can a non-resident Italian investor access this mortgage?
No: the product is reserved for UAE residents. Non-residents can however explore Mashreq's dedicated products for non-residents, which have different and more restrictive LTV conditions.
What is the maximum tenure of Mashreq's off-plan mortgage?
Up to 25 years, with flexible repayment structures. Zero pre-approval fees apply.
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