Emirates NBD has arranged a AED367.3 million ($100 million) credit facility for Luxembourg-based CPI Property Group (CPIPG) to support deferred payments linked to its Dubai real estate developments through to 2027.
According to a statement from the Dubai-listed bank, the loan is backed by a portfolio of ultra-prime residential properties in the emirate.
CPIPG currently holds 19 luxury homes in Dubai, including 15 residences still under development by local property firms. The assets are located in high-end projects such as Bvlgari The Lighthouse on Jumeirah Bay, Casa Canal and One Canal along the Dubai Water Canal, and Mr. C Residences Downtown.
The financing package has been structured to match CPIPG’s phased investment strategy, taking into account the expected cash flow and lifecycle of the assets while supporting the deployment of international institutional capital into Dubai’s premium residential sector.
The company plans to gradually sell the properties after construction is completed, the statement added.
Hitesh Asarpota, chief executive of Emirates NBD Capital, said the agreement demonstrates the bank’s commitment to delivering customised financing solutions that help corporate clients achieve sustainable growth.
Emirates NBD operates across 13 countries and serves more than 10 million active customers. The banking group reported total assets of AED1.2 trillion as of 31 March 2026.