Dubai’s real estate market has grown tremendously in the last several years. The United Arab Emirates attracts investors from all over the world because it promises great returns and a low cost of living. The awe-inspiring wonders that dot the emirate, some completed and others still under construction, bear witness.
To purchase a house in Dubai, most buyers cannot afford to pay in full upfront. As a result, many people opt to pay for their homes in monthly instalments. For the benefit of its customers, property developers provide a payment plan that is tailored to their specific needs. When purchasing a home in Dubai, the payment plan stipulates the number of instalments to be paid over a specified length of time and the price of each instalment.
It’s important to remember that different real estate developers provide various payment options. The following are some of the most typical payment plans available in Dubai, as described in this article:
If you’re purchasing an off-plan house in Dubai, you may be required to pay in payments over time. Clients used to have to pay for the whole unit upfront, which is how conventional plans worked. When it comes to post-handover payment plans, customers may pay the agreed-upon price after the property has been delivered. In Dubai, post-handover payment arrangements might range from three to five years, depending on the developer and the project. However, they may sometimes last up to 10 years in length.
Those purchasers who want to move into their new home immediately might benefit from post-handover payment arrangements. If you’re looking to invest in property and rent it out, these properties are a great fit for you. We sifted through hundreds of homes and developers in Dubai to come up with a list of the finest post-handover payment arrangements.
Five new projects with the best handover payment plan
-
LA ROSA AT VILLANOVA
La Rosa II, a premium townhouse development in Dubailand’s Villanova neighbourhood, has three and four-bedroom townhouses with an area of 1,947 and 2,333 square feet, respectively. These townhouses have a Mediterranean architectural style that is supplemented by contemporary features. Townhouses come with two parking places, a swimming pool, and a small garden area in each of their units.
The area around the La Rosa II development is exceptionally well-connected. For those who live here, the Expo site and Downtown Dubai are only 18-25 minutes apart through Al Ain Road and Emirates Road, making it easy to go about the city.
Prices for 3-bedroom townhouses in La Rosa II, which have the average square footage of 1,950 square feet, start at AED1.2 million. A four-bedroom townhouse with 2,510 square feet of living space may be purchased for as little as AED 1.27 million. For La Rosa II, payments are made in the following stages: 10% upon booking, 30% during building, and 10% at delivery. The post-handover payment plan for La Rosa II from Dubai Properties is 50%, which may be paid over three years.
-
GOLF PLACE II AT DUBAI HILLS ESTATE
Golf Place II at Dubai Hills Estates is a great option if you’re looking for luxury villas in Dubai with views of an 18-hole championship golf course. Golf Place II was launched after completing the first phase, with a separate selection of villas in 4, 5, and 6-bedroom apartments, with three different architectural styles.
To accommodate bigger families, Golf Place II offers a wide range of facilities, including a playground, a fitness centre, and a variety of community sports courts like tennis and volleyball. Due to its location inside Dubai Hills Estate, homeowners will have access to the Dubai Hills Mall, Dubai Hills Park, and its clubhouse. Emaar’s Golf Place II has a three-year post-delivery payment plan that makes it an appealing investment.
-
RUBA – PHASE II AT ARABIAN RANCHES 3
Emaar offers a great post-handover payment plan in Ruba Phase II, an off-plan property. Arabian Ranches 3 is a family-friendly area with a focus on community building. Amenities at the property include a children’s swimming pool, a park, and a clubhouse. The project will be finished in the first quarter of 2023, with a 60/40 payment plan. For up to three years after the transfer, customers may continue making 40 per cent monthly payments.
-
SOBHA HARTLAND GREENS IN MBR CITY
Sobha Hartland Greens, an anticipated residential development in MBR City’s vast Sobha Hartland master plan, will be spread over six mid-rise towers. This off-plan development provides purchasers with a selection of luxurious one, two, and three-bedroom apartments nestled in lush vegetation. The Ras Al Khor road connects it to the rest of Dubai, making it easy to go about. A 3-year post-handover payment plan is available if you want to acquire an apartment in this residential development. According to our current listings, a 472 square-foot flat in Sobha Hartland Greens is now listed for AED 680k.
-
SEVEN PALM AT PALM JUMEIRAH
A new residential skyscraper on the Palm Jumeirah, Seven Palm is the ultimate expression of urban luxury and sophistication. Investors and homebuyers will find a lot to like about this building. Additionally, residents will have the opportunity to live in some of the city’s most well-known neighbourhoods.
A wide variety of floor plans are available at Seven Palm, ranging from studios to three-bedroom units with beautiful ocean views. The apartment sizes vary from 307 – 713 square feet for studios, 560 – 946 square feet for one-bedrooms, 1020 – 1202 square feet for two bedrooms, and 1664 square feet for three bedrooms.
Regardless of the size of the unit, these off-plan flats have the same payment options. Here are the specifics of the payment plan’s enticing features.
- Plan of 50/50 payment
- Post-handover payment plan of 2.5 years
The best off-plan developments in Dubai with post-delivery payment options are listed below.
Thanks to the city’s stringent regulations, off-plan property investments may be made with confidence in Dubai. Learn more about the UAE’s real estate market by watching our first ever Bayut Webinar. We sat down with real estate professionals to discuss social distance and its impact on consumer interest in the UAE’s property market.
