ADCB said the solution is designed to simplify the home-buying journey and provide greater clarity for customers committing to long-term property investments.
The new offering allows eligible customers to secure mortgage pre-approval of up to 50 per cent of a property’s value when purchasing off-plan units from leading developers, giving buyers greater certainty at the planning stage of their home purchase.
The initiative comes at a time when off-plan transactions account for a dominant share of residential activity in Dubai and other emirates, reflecting strong investor appetite, flexible developer payment plans and sustained population growth across the UAE.
Under the scheme, pre-approvals remain valid for up to 12 months and can be renewed annually until the property is handed over. At completion, customers can transition seamlessly into a full mortgage facility at prevailing market rates, ensuring continuity from booking to final ownership.
The bank said the solution is designed to simplify the home-buying journey and provide greater clarity for customers committing to long-term property investments.
Interest or profit rates under the programme start from 3.49 per cent per annum fixed for three years, with financing available for eligible properties developed by major UAE developers. ADCB is also waiving processing and valuation fees for a limited period as part of the launch offer.
Industry analysts say such products are becoming increasingly important as off-plan purchases continue to reshape the structure of the UAE’s residential market, particularly in Dubai where developers have expanded project pipelines to meet sustained demand from investors and end-users.
By enabling buyers to secure financing earlier in the purchase cycle, banks are helping reduce uncertainty associated with payment milestones during construction and strengthening confidence among first-time homeowners as well as long-term investors.
The move also reflects intensifying competition among UAE lenders to capture mortgage demand in a market supported by strong economic fundamentals, rising employment and continued inflows of high-net-worth residents and professionals.
ADCB said the new solution forms part of its broader strategy to enhance customer experience through simplified financing processes and digital access channels. Customers can apply for conventional mortgage pre-approval by sending an SMS request, while Islamic home finance options are also available through a similar application route.
The launch underscores the banking sector’s expanding role in supporting the UAE’s real estate ecosystem, which remains one of the key pillars of non-oil economic growth and investment activity across the country.
Commercial Bank International (CBI) has reported a pre‑tax net profit of Dh52.1 million for the first quarter of 2026, marking a 14% increase compared to the same period last year, as the bank continued to benefit from steady core banking performance and prudent risk management.
The results underscore CBI’s continued focus on strengthening its fundamentals amid improving regional economic conditions, with the bank maintaining a disciplined approach to growth while supporting its customer base across key segments.
Commenting on the results, Ali Sultan Rakkad Al Amri, Chief Executive Officer of CBI, said the strong quarterly performance reflects the effectiveness of the bank’s strategy and operational focus.
“Our Q1 2026 results demonstrate the resilience of CBI’s business model and our continued emphasis on sustainable, well‑managed growth,” Al Amri said. “The 14% year‑on‑year increase in pre‑tax profit highlights the progress we are making in enhancing efficiency and strengthening our core banking activities.”
CBI said the improvement in profitability was driven by stable operating income, controlled costs and a continued focus on asset quality, allowing the bank to deliver consistent results despite a competitive banking landscape.
The bank added that its balance sheet remained robust during the quarter, supported by prudent capital management and a disciplined approach to lending.
“We remain focused on preserving balance‑sheet strength while selectively supporting growth opportunities that align with our risk appetite,” Al Amri said. “This approach allows us to deliver value to our stakeholders while continuing to serve our customers effectively.”
During the first quarter, CBI continued to advance initiatives aimed at operational efficiency and customer-centric banking, in line with its broader transformation agenda. The bank said these efforts are helping it remain agile and responsive to evolving market conditions.
Looking ahead, CBI said it remains cautiously optimistic about the outlook for the remainder of the year, supported by easing inflationary pressures and solid economic activity in the UAE.
“As we move forward, we will continue to prioritise sustainable profitability, strong governance and disciplined execution,” Al Amri said. “Our focus remains on building long‑term value while navigating market conditions with caution and confidence.”
News Source: https://www.khaleejtimes.com/business/finance/adcb-launches-off-plan-mortgage-scheme-to-ease-home-financing-for-buyers?_refresh=true
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