A major European private bank headquartered in Zurich has formally launched its UAE mortgage desk, bringing fresh competition to the trophy villa financing segment. The bank is offering Lombard-backed blended structures from 3.99% all-in for clients with transferable AUM above USD 5 million — the most aggressive opening pricing we have seen from a new entrant in the Dubai market.
What they are offering
- Lombard + conventional mortgage blends starting at 3.99% for AED 25M+ villas.
- AUM requirement: USD 5M transferable, with relationship scaling benefits.
- Target market: Emirates Hills, Palm Jumeirah Signature Villas, and custom builds.
- Processing time: 3–4 weeks for new relationships, faster for existing global clients.
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