Payment plans
When buying new build property there is often payment with a payment plan, these plans vary by project. The closer a project is to completion date, the sooner payments should be made. There are also payment plans where payments continue until after completion. Here you can start renting out upon completion while still having to pay off part of the property.
Generally, an initial deposit of 10% or 20% is required and then the rest of a payment plan follows. There are payment plans with payments of 1% per month or, for example, 50% payable in advance and 50% upon completion.
Payment plans make investing in Dubai attractive, as there are many opportunities to make dispersed payments and thus buy without a mortgage and without interest charges.
Any questions?
As Dubai experts with extensive experience in the local real estate market, we are in an excellent position to help you purchase property in Dubai. Please do not hesitate to contact us if you have any questions.
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