How Can You Finance an Off-Plan Property in Dubai?
You can finance an off-plan property in Dubai through developer-offered payment plans or mortgages. Developers typically offer flexible plans where buyers make an initial down payment of 10-20%, followed by installments during the construction period, with the remaining balance due at handover.
For those seeking mortgages, most banks will finance off-plan properties in Dubai once construction reaches around 50% completion. UAE residents typically need to provide a 25% deposit for properties priced under AED 5,000,000 (approximately $1,361,000), while non-residents usually need a 50% deposit. Mortgage terms, interest rates, and eligibility requirements may vary depending on the lender.
Masaar 2
