For Emirates NBD, the mandate underscores its position as a trusted financial partner
Emirates NBD and CPI Property Group, a leading European real estate company, have successfully executed an AED 367.3mn (EUR 86mn loan facility secured against a portfolio of ultra-luxury residential units in Dubai.
CPIPG owns 19 luxury residences in Dubai, including 15 units under construction by leading local developers. The development properties are located across four of Dubai’s most distinctive residential projects including Bvlgari The Lighthouse (Jumeirah Bay) and One Canal (Dubai Water Canal).
For Emirates NBD, the mandate underscores its position as a trusted financial partner of choice for international real estate groups seeking to access the UAE market through locally executed financing solutions.
Innovative financing
“CPIPG is delighted to partner with Emirates NBD on this innovative financing. The loan facility enhances our Group’s flexibility and reaffirms the quality of our investments in Dubai,” stated David Greenbaum, CEO, CPI Property Group.
“The transaction also highlights our demonstrated expertise in structuring strategic lending facilities and reinforces confidence in the UAE’s resilient financial ecosystem amid continued regional investment momentum,” remarked Hitesh Asarpota, CEO, Emirates NBD Capital.
