Dubai, UAE – Ora Developers, a leading luxury real estate developer, announced the signing of a Memorandum of Understanding (MoU) with Ubi, a global fintech company and unicorn. This collaboration represents a significant shift in the UAE real estate market, moving financing from traditional models to a sophisticated, AI-powered digital ecosystem that prioritizes faster transactions, transparency, and buyer convenience.

This partnership represents an evolution in the real estate financing mechanism, enabling buyers to dispense with separate dealings with several distinct financial institutions, and instead rely on a unified digital model through the Ubi Real Estate Finance platform, which supports Ora Developers clients through a single interface that includes:

• AI-powered allocation accuracy : The Ubi platform relies on artificial intelligence technologies to match applicants' files with the requirements of more than 25 funding agencies, which contributes to raising approval rates and enhancing decision-making efficiency.
• Instant preliminary approvals : By automating document verification and matching with lenders, the mortgage financing journey is simplified and made smoother and more efficient .
• Integrated digital service : The platform provides comprehensive support throughout the entire mortgage financing cycle, from initial eligibility assessment to disbursement of financing, with digital access to repayment schedules and copies of relevant documents.

Commenting on the partnership, Mohammed Shata, Chief Financial Officer of Ora Developers Group, said: “This strategic partnership comes to enhance the added value we offer our clients, by providing a more seamless and integrated ownership experience. Our collaboration with Ubi MENA embodies our commitment to facilitating access to real estate financing solutions while adhering to the highest standards of transparency and service excellence.”

Gaurav Kumar, CEO of Ubi MENA, added : “ We are proud to partner with Aura, a brand that embodies quality and trust in the real estate sector. By enhancing the financing cycle infrastructure for lenders in the Middle East and Africa, we aim through this partnership to simplify real estate financing and enable those seeking financing to access clearer and easier solutions, supporting informed decision-making and contributing to accelerating the property ownership process .”

This initiative is expected to contribute to raising mortgage approval rates, converting customers, and enhancing homeownership in the region, in addition to boosting liquidity and vitality levels in the UAE mortgage market.

About Ora Developers :

Ora Developers is a leading global real estate development group renowned for creating transformative spaces that enhance everyday living. Founded in 2016, the group now boasts assets exceeding US$4 billion and a portfolio of real estate projects valued at over US$45 billion across Egypt, Cyprus, Pakistan, the UAE, and Iraq. Its portfolio includes a distinguished selection of projects such as Ayia Napa Marina in Cyprus, Etten in Pakistan, Bayn in Abu Dhabi, and Madinat Al Ward in Iraq, along with seven projects in strategic locations in Egypt, reflecting its commitment to building integrated communities that harmonize with nature and local culture. The group's hospitality assets include Silversands Grand Inns and Silversands Beach Hall in Grenada in the Caribbean, a planned five-star hotel in Mykonos, and other hospitality projects under development.

Aura's portfolio includes residential, hospitality, leisure, and commercial projects, focusing on multi-functional spaces that offer a balanced and enriching experience for residents. Aura's real estate projects are guided by the principles of excellence, balance, and happiness, setting new standards in sustainable, community-centric design. Aura boasts extensive experience in creating vibrant environments inspired by the allure of their surroundings, such as Silversands North Coast, whose details reflect the distinctive character of the Mediterranean, as well as five-star hospitality projects in the Caribbean, providing exceptional guest experiences and unparalleled tranquility.

For more information:

Please visit our website: ora-uae.com

Follow the company's LinkedIn page: linkedin.com/company/ora-developers-uae

And on Instagram: @oradevelopers and @baynuae

About Ubi Mina :

Ubi MENA is a company specializing in providing consulting and brokerage services in the field of mortgages, providing independent financing solutions based on customer needs, through strategic partnerships with leading banks and financial institutions in the United Arab Emirates .

Disclaimer :

AuraQ Development Limited and its affiliates do not provide any financial advisory or mortgage brokerage services . Any mortgage services utilized are provided independently and exclusively by UbiMENA . Therefore, AuraQ Development Limited and its affiliates assume no legal responsibility for any financing arrangements, advice, recommendations, decisions, approvals, or refusals made by financial institutions, or for any transactions between the buyer(s) and the mortgage brokerage service provider and/or financial institution.

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