Buying a home in Dubai is not only prestige and benefit, but also comfort, as this city is one of the three safest in the world. The absence of taxes on profits and wages is also attractive. People in Dubai earn enough, but do not make contributions to the state treasury.
If you read more information on real estate Dubai, you can learn about the advantages of buying a home in Dubai that is under construction:
- you can be provided with an installment plan for 4 years;
- a small down payment, in the amount varying from 10 to 20% of the cost of finished housing;
- if the cost of housing starts from 205 thousand dollars, the owner and his family can become residents;
- an apartment from a developer will cost an order of magnitude cheaper, since secondary housing is sold with a markup and the purchase will be much more expensive;
- when buying a home in Dubai, all construction companies provide installments, and it is already spelled out in the contract and a repayment plan is issued for 4-5 years.
95% of average apartments in Dubai are commissioned with finished finishing and furniture. Only housing with a high cost is not subject to this event, since buyers who buy very expensive penthouses or apartments want to furnish them themselves, to their taste.
The primary housing market in Dubai and how to get an installment plan for buying a home
The vast majority of those wishing to become owners of an apartment in the UAE prefer to buy it from the developer. After reading the details on avezor.ae, you will immediately understand: for foreigners, there is an installment plan with a mortgage. But they resort to it quite rarely, since construction companies offer very favorable conditions, under which 4-5 years are enough to buy out the housing.
There are two types of installments in Dubai:
- “rent with subsequent purchase”. A lease agreement is concluded with the buyer, the payment for which is higher than the usual rent of housing. Upon completion of the payment for housing, the lease agreement is closed and the buyer registers the right of ownership;
- installments during the construction stage with a payment schedule. While the property is under construction, the payment schedule is from 50 to 70% of the cost of the finished housing. The remaining percentage is paid upon completion of construction and commissioning of the property.
If you set a goal of buying housing in Dubai, think through the strategy well, then this task is not impossible. You just need to make an effort to make this dream come true.
