Off-plan and Ready to Move in Property in the UAE

There are different factors that you need to consider when buying off-plan real estate in UAE. Chief among them would be the available payment plans. In fact, most people shy away from buying off-plan properties because of lack of awareness of affordable payment plans that could beat mortgages. Off-plan properties are generally cheaper and of the latest quality providing great payment plans so that you don’t have to scrape through mortgages to invest in real estate in UAE.
It is important to note that buying real estate property is a big investment. Thus, it is important to know how you are going to pay for it. Both off-plan and ready to move in projects in Dubai come with various payment plans and understanding them makes a huge difference.
Why payment plans are crucial?
A Dubai real estate is not free unless it is given to you. In most cases, you have to pay for it. The question now is, how?
This is where payment plans come in. Because of competition within the real estate industry and the desire of developers to sell their products, various payment plans are made. This allows buyers to gain the flexibility of paying for their purchased property. Payment plans help them pay off their purchases in such a way that best works for them.
What are payment plans?
As mentioned above, there are various payment plans available in Dubai’s real estate market. Payment plans differ from one project or developer to another. As this might be the case, there are some common payment plans that you should be aware of.
For off plans, most developers offer up to 3 years’ post-handover payment plans. For example, if the property’s scheduled completion would be in 2021, you would most likely get a six-year payment plan.
For ready to move in Dubai properties, payment plans may last 5-20 years, depending on the developer.
Again, this can be a case by case basis. To learn more about payment plans, you would need to directly get in touch with the developer.

Interested in Real Estate in Dubai?


Check out some informative articles below:
For inquiries contact or visit us today!
Location: Dubai - United Arab Emirates

Comments

Post a Comment

Popular posts from this blog

Freehold Vs Leasehold Property In Dubai – All You Need To Know

Image
  If you’re planning to invest in   real estate Dubai , it’s best to know and understand the different types of properties that you can acquire. Knowing the difference, no matter how simple can help you decide on which type of property is more suitable for your intended purpose. What types of property can foreigners acquire? Foreigners and ex-pats may acquire properties in designated areas in Dubai. They may opt to buy a leasehold property or a  freehold property Dubai . Leasehold properties Buying a property on a leasehold basis will allow you to obtain property rights for a fixed term, a maximum of 99 years. However, if you do not buy the property’s land, the ownership will remain with the freeholder What are the pros and cons of buying a leasehold property? Advantages Since ex-pats and foreigners in Dubai are not permitted to own properties on freehold in non-designated areas, buying properties on leasehold provides more options regarding the price and area selection. ...
Read more

Dubai Metro Celebrates 10 Years

Image
It seems like it was just yesterday when the Dubai Metro first opened its doors to the public. Now, this year marks its tenth anniversary. Looking back, as one of the most ambitious projects in UAE’s transport system, it has boosted the country’s economy, increased the value of  Dubai properties , and supported sustainable growth throughout the past decade. Dubai Metro was launched on the memorable day of September 9, 2009 (9/9/9), Wednesday, at exactly 09:09:09 PM. It was headed by Dubai Roads and Transport Authority (RTA). As a special government project, The Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, graced and inaugurated the Dubai Metro, which signals a new era of the UAE’s unstoppable economic prosperity. Initially, Dubai Metro started with the Red Line , which runs from Jebel Ali to Rashidiya. It spans over 52km with 29 stations. Four of them are located underground, 24 are elevated, and one is o...
Read more

Are Apartments Still A Good Investment?

Image
Do you want to buy an apartment in Dubai? Do you wonder whether this will be a good investment or not? Are you worried that you might end up losing more rather gaining something? If yes, then make a sure investment by considering the properties featured on this post. Get to see a list of apartments for sale below and in the process, you will learn why these apartments are a good investment. Fully Furnished Studio in Liberty House DIFC Located in Dubai International Financial Centre, this apartment is strategically located in the heart of the city. Liberty House has 42 floors and it consists of high-end offices and luxury residential units. It’s a great investment because it is already fully furnished. It comes with king-size beds, love-seat-sofa, coffee table, side table, full-length mirror, reading desk, and a lot more. A balcony is available for you to enjoy the city’s skyline. More importantly it is one of the most sought after areas in Dubai and will hardly lose any ...
Read more