The payment method for purchasing real estate in Dubai is buyer-friendly
As a foreigner considering buying real estate in Dubai, one of the first things that comes to mind is:
As a foreigner considering buying real estate in Dubai, one of the first things that comes to mind is:
"Will my payments be secured, and will I be able to choose a payment plan that meets my expectations?"
When purchasing real estate in Dubai, all payments are made to the account designated by the government, and the developer cannot receive payment until the property is delivered.
I believe this provides significant security and appeal for investors.
As for the payment plan, it can be tailored to the buyer's expectations.
The payment plan for off-plan real estate purchases in Dubai generally follows this pattern.
When deciding on a property from an off-plan project, a reservation amount of approximately 1% of the property's value is deposited into an account designated by the government as a one-time deposit.
A one-time "extra" payment of 4% of the property's value is made. This amount includes the title deed fee and the real estate agent's service fee.
Payments for the ongoing project continue as planned.
Between 40% and 60% of the total property value is paid during construction, depending on the project and agreement.
The remaining 40% and 60% is paid upon delivery of the property.
What's Your Reaction?
