Your guide to instalment plans for Dubai apartments - FERROCOM

Mon-Fri 09:00-18:00

Your guide to instalment plans for Dubai apartments

Your guide to instalment plans for Dubai apartments

Buying a property in Dubai can be a significant financial investment, but the good news is that many developers now offer instalment plans to help make the process more accessible. Instalment plans allow you to pay for your new home in manageable chunks over an extended period, rather than having to pay the full amount upfront.

If you’re considering purchasing a Dubai apartment and are interested in an instalment plan, here’s what you need to know

1. Deposit requirements

Most developers in Dubai will require you to pay an initial deposit, typically ranging from 10-50% of the total property value. This deposit secures your unit and demonstrates your commitment to the purchase.

2. Payment schedules

After the initial deposit, the remaining balance is usually split into several instalments over the construction period or a set number of years. This allows you to pay for your new home in a more gradual and manageable way.

3. Construction-linked payments

Many instalment plans in Dubai are tied to the progress of construction. This means you’ll pay a percentage of the total price at various milestones, such as the completion of the foundation, structure, or handover.

4. Post-handover payment plans

Some developers offer post-handover payment plans, where you can continue to pay off the remaining balance after you’ve received the keys to your new home. This can be particularly beneficial for first-time buyers or those with limited access to large sums of capital.

5. Financing options

If you need additional support to cover the instalment payments, you may be able to secure a mortgage or home loan from a bank or other financial institution. This can help spread the cost over an even longer period and make the payments more manageable.

6. Developer reputation and track record

When considering an instalment plan, it’s crucial to research the developer’s reputation, financial stability, and track record of delivering projects on time. This will give you peace of mind that your investment is in safe hands.

Instalment plan for an apartment in Dubai
Instalment plan for an apartment in Dubai

Instalment plan for an apartment in Dubai can be a great way to make your dream of owning a Dubai apartment a reality. By understanding the key details and doing your due diligence, you can find a payment structure that works for your budget and financial situation.

Leave a request

And we'll get back to you shortly.

Open chat
Need professional help? Talk with a Dubai property expert now!