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Buy Properties in Dubai on Instalments
Dubai is a global business hub and a renowned tourism destination with a steady demand for residential and commercial properties. Due to the favourable investment regulations, tax incentives and a secure legal framework, Dubai is attracting investors from around the world. Whether seeking a dream home or a savvy investment, buying properties in Dubai provides accessibility, affordability and the potential for long-term financial growth.
Why Buy Property in Dubai on Instalments?
Investing in Dubai properties with a flexible payment plan offers opportunities for capital and rental income, contributing to long-term financial growth. By paying the cost in easy instalments, buyers enter the prestigious market without the burden of a large upfront payment. This makes property ownership a tangible reality for individuals and investors alike.
Would a property on instalment for sale in Dubai work for you? Understanding the distinct benefits and challenges can help you make an informed decision tailored to your specific needs.
Pros
Investing in off-plan projects: Buyers can opt for off-plan properties in Dubai where construction is in process and property units are available at lower prices.
Flexibility in Payment Plans: The easy instalment plans allow buyers to divide the cost over a specified period, typically through manageable monthly instalments.
Property Visa: Buyers can get a Golden Visa – a long-term residency visa if the property is worth more than AED 2M. This way, investors can also sponsor their family members.
Cons
Additional Costs: The initial costs that come with the purchasing of the property include mandatory Dubai Land Department (DLD) fees, administration fees and the fees for issuance of the Title Deed in Dubai.
Limited Options: Investors will find limited options for properties in Dubai on instalments as compared to outright purchases.
Potential for delays: Factors such as unexpected construction challenges, changes in government policies or financial constraints faced by developers can lead to project delays.
Where to Buy Properties in Dubai on Instalments?
People in search of Dubai properties for sale on instalments can find plenty of options in these areas:
- Jumeirah Village Circle
- Palm Jumeirah
- Mohammed Bin Rashid City (MBR City)
- Business Bay
- International City
Those interested in buying luxury Dubai property payment plan can consider Palm Jumeirah, Business Bay and Mohammed Bin Rashid City. These areas are home to high-end properties, upscale restaurants and a plethora of communal facilities. Due to the strategic location, these neighbourhoods have easy access to notable landmarks and leisure spots.
Potential buyers can explore Jumeirah Village Circle and International City with a range of properties catering to different preferences, lifestyles and budgets. These are suburban areas of the city but have easy access to metro stations and major roads.