Purchase Real Estate with Ease — Pay a small booking fee and receive a 3-7 Year Handover Plan; we also offer Post-Handover Plans in which you receive the keys to your property. Rent out your property and use the rental income to pay your EMIs.
Loans to Indians are also available from UAE banks at attractive interest rates ranging from 3% to 4%.
Most people find it difficult to make a 100 percent upfront payment when purchasing a property in Dubai. As a result, the trend of purchasing properties in instalments / EMI's is a popular way of making property payments.
For ease and convenience, property developers provide their buyers with a comprehensive payment plan. When purchasing a property in Dubai, a payment plan specifies the number of instalments to be paid over a specified time period as well as the amount to be paid in each instalment.
Buyers of off-the-plan, ready-to-move-in properties must commit to a payment plan. This can include payment terms divided into instalments with multiple intervals, or a 24 percent down payment at the time of booking. In the usual payment plans, buyers would complete payments of the entire unit upon the completion or handover of the property.
The post-handover payment plan, on the other hand, exists.
Buyers can pay the predetermined amount after the property is delivered with a post-handover payment plan. Payment plans for post-handover in Dubai can range from three to five years, or even ten, depending on the developer and the type of project.
Post-handover payment plans were introduced in late 2013 and were mostly available for larger developments. However, due to the popularity of this payment plan, private developers have also jumped on board.
This type of payment plan is typically aimed at investors looking for Dubai real estate. It is extremely convenient for them because they can take control of the property and rent it out after handover. They use the rental yield to pay the balance.
The fact that ROI and rental yields are higher in Dubai has contributed to the success of this payment plan.
End-users (buyers) prefer this payment plan as well because it allows them to settle in the property they have purchased while managing the remainder of the payment conveniently.
