Dubai/Luxembourg, [21] May 2026 – Emirates NBD, the leading banking group in the Middle East, North Africa and Turkey, and CPI Property Group, one of Europe’s leading real estate companies, announced the successful completion of a AED 367.3 million (approximately €86 million) bank loan facility to finance a portfolio of luxury residential units in Dubai.

CPI Property owns 19 luxury residential units in Dubai, 15 of which are still under construction by some of the city’s leading developers. These properties are spread across four of the city’s most prestigious residential projects: the Bulgari Lighthouse on Jumeirah Bay Island, Casa Canal and One Canal on the Dubai Water Canal, and Mr. C Residences Downtown in Downtown Dubai.

The aforementioned banking facility will be used to cover a significant portion of the deferred payments due on CPI Property Group’s development portfolio during 2026 and 2027, reflecting Emirates NBD’s confidence in the quality of the Group’s real estate assets and its credibility as a borrower.

CPI Property’s investment in the UAE reflects its deep belief in Dubai’s continued position as a preferred destination for high-net-worth individuals seeking luxury residences. This is driven by the emirate’s excellent infrastructure, safe environment, vibrant economy, and extensive global connectivity, as well as the UAE’s growing role as a leading global business and investment hub. CPI Property plans to sell these properties in phases upon completion to achieve attractive returns in a market that continues to attract buyers from Europe, Asia, and the wider Middle East region.

This transaction also reinforces Emirates NBD's position as a preferred and trusted financial partner for global real estate companies seeking to enter the UAE market, providing tailored local financing solutions to support their needs. The banking facility was structured in line with the cash flows and asset lifecycle within CPI Property Group's phased investment strategy. The bank's consideration of these factors contributes to attracting global capital towards Dubai's luxury residential real estate market, further solidifying the UAE's position as a leading destination for high-net-worth individuals seeking global real estate investments.

On this occasion, David Greenbaum, CEO of CPI Property Group, said: "We are delighted to be collaborating with Emirates NBD on this innovative transaction that enhances our group's resilience and underscores the quality of our investments in Dubai."

Hitesh Asarputa, CEO of Emirates NBD Capital, said: “The banking facility provided to CPI Property Group reflects Emirates NBD’s ongoing commitment to supporting leading companies by providing tailored financing solutions to enable their long-term growth. This transaction also embodies our outstanding expertise in structuring strategic loan facilities and reinforces confidence in the resilience of the UAE’s financial system and the continued momentum of regional investment.”

This deal adds to Emirates NBD’s impressive track record of providing tailored financing solutions to suit the various stages of the real estate investment cycle, further cementing its position as a preferred partner for global investors looking to invest in the UAE.

About Emirates NBD Bank

Emirates NBD, listed on the Dubai Financial Market under the symbol (Emirates NBD), is a leading banking group in the Middle East, North Africa, and Turkey, with a presence in 13 countries and serving over 10 million active customers. As of March 31, 2026, its total assets amounted to AED 1.2 trillion (approximately US$327 billion). The group operates in the UAE, Egypt, India, Turkey, Saudi Arabia, Singapore, the UK, Austria, Germany, Russia, and Bahrain, and has representative offices in China and Indonesia. Its network comprises 790 branches and 4,536 ATMs and cash deposit machines. Emirates NBD is the leading financial services brand in the UAE, with a brand value of US$4.54 billion.

Emirates NBD Group serves individual, corporate, government, and institutional clients, helping them achieve their financial goals through a comprehensive suite of banking products and services. These include retail, corporate, institutional, Islamic, investment, and private banking, as well as asset management, global markets, treasury, and brokerage. The Group is a major player in the global digital banking industry, processing over 97% of its financial transactions and orders outside of its branches. Emirates NBD’s digital bank, Liv, has nearly half a million customers and remains the fastest-growing bank in the region.

Emirates NBD is demonstrating its leadership in sustainability by being the first bank globally to publish a report compliant with IFRS S1 and IFRS S2 disclosure standards, along with providing independent confirmation of financed emissions, as well as through the landmark issuance of the world's first sustainability-linked sukuk worth US$500 million.

By Emirates Islamic Bank, and fully compliant with the guidelines of the International Capital Market Association (ICMA). Emirates NBD continues to support communities through its pioneering volunteer program "Exchanger", which completed ten years in 2025, contributing more than 160,000 volunteer hours to serve community causes, impacting more than 1.1 million beneficiaries.

About CPI Property Group

CPI Property Group is one of Europe’s largest and most diversified real estate companies. A leading and trusted owner of high-quality properties, it brings people together and provides spaces for businesses and individuals to thrive. The company has over 30 years of experience owning and managing properties in Central and Eastern Europe, particularly in the vibrant capital cities of Berlin, Prague, and Warsaw, where it holds leading positions, as well as in other locations across the region. Led by an experienced international management team, the company’s strategy is to invest in sectors with strong rental growth prospects, in cities it knows well, and to add value through effective asset and property management. With a portfolio valued at around €18 billion, comprising 510 commercial properties and approximately 6,200 international and local tenants, the company’s properties contribute to supporting jobs, providing much-needed housing, and driving economic growth across Central and Eastern Europe.

For more information, please contact:

Emirates NBD

CPI Property Group

Media – FGS Global (cpipg@fgsglobal.com)

Investors – Moritz Mayer (m.mayer@cpipg.com)

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