Emirates Islamic structures new AED 209 million Escrow (Profit) Monetisation Facility to support Leos Development and drive growth across the real estate sector
Dubai, 09 October 2025: Emirates Islamic, one of the leading Islamic financial institutions in the UAE and a subsidiary of Emirates NBD Group, has announced the structure and provision of a new AED 209 million Escrow (Profit) Monetisation Facility to help finance the strategic growth of Leos Development, a prominent real estate company with a portfolio spanning Dubai and the UK.
The Facility feature structures and provisions that allow for the opening of new channels to access liquidity for capital formation, acquisitions and expansion. Supported by Emirates Islamic’s advanced digital banking solutions, the funding solution further enhances investor confidence and streamlines project financing for developers nationwide.
Initially launched for Leos Development, the innovative financing product can be tailored to meet the individual needs of developers operating across the UAE’s rapidly growing real estate sector. The facility reinforces Emirates Islamic’s commitment to empowering economic growth by offering new and accessible funding solutions.
Mohammad Kamran Wajid, Deputy Chief Executive Officer at Emirates Islamic, said: “Emirates Islamic is proud to present a tailor-made solution towards the evolving financial needs of developers. This collaboration strengthens our pivotal contribution to fostering sustainable growth and advancement within the UAE’s real estate sector, in line with the nation’s strategic goals.”
Rui Liu, CEO and Founder of Leos Development, said: “We extend our sincere appreciation to Emirates Islamic for their unwavering support and exceptional partnership. More than a financial institution, they are a trusted strategic partner, playing a vital role in our future growth and in delivering landmark projects such as Hadley Heights 2, the world’s first Olympic-branded residence. Their commitment empowers us to continue shaping distinctive, high-quality developments across the UAE.”
The UAE’s real estate market is a key pillar in the country’s economic growth. According to official data for the property markets in Abu Dhabi, Dubai, Sharjah and Ajman, the total value of real estate transactions reached approximately AED 893 billion by the end of 2024, with over 331,300 transactions recorded. Emirates Islamic continues to play an active role in supporting the growth of the real estate sector with its targeted offerings.