Many people believe that having their own home is important to live a stable life and enjoy their daily activities. These people prefer to choose a family-friendly neighbourhood and stay there for the rest of their lives. Although this seems like a very honourable way of living, it is not easy or affordable for many to buy a property. However, it is not necessary to have a full payment to buy your apartment, you can rely on an easy payment plan offered by developers. This page provides many opportunities for instalment apartments in the UAE.

Can a Foreigner Buy an Apartment in Installments in the UAE?

Yes, foreigners can buy an apartment in instalments in the UAE. There are a few different ways to do this, including:

1. Certain developing companies provide a pay-in-instalment plan that is accessible to foreigners. In order to attract new customers, developers offer great interest-free terms.
2. Mortgages: Foreigners can also obtain real estate loans from UAE banks to finance the purchase of real estate. Mortgage rates in the UAE are relatively low, at around 3-6% per annum.

Is Buying an Apartment in Installments a Good Decision?

Covers Insufficient Funds

Sometimes people lack the money or assets to purchase real estate. For low-income individuals, houses offered in instalments are a huge relief. They can deposit the initial money and pay the remaining balance in manageable instalments over a period of time using this reduced budget.

Related: Is it possible to buy a property in Dubai in installments?

Accessible Housing Solution

Even with a limited budget, you can quickly get a home for your family by purchasing apartments in the UAE in instalments. For many people, it can be difficult to pay the full amount to purchase the home of their dreams. In these cases, individuals obtain fast housing by purchasing with cash and making final payments while living in their residence.

Better for Your Savings

Since bank money loses value over time, it is not the best place to save money. However, it is better to invest your money in real estate because it will appreciate in value over time. Even on a limited budget, you can buy a great home by choosing an instalment plan. The buyer can then choose to pay the remaining balance themselves or by leasing the property and making monthly rent instalments.

Easy Payment Scheduling

Each property has a separate payment schedule. Over the course of several months or years, it can change. This period is determined by the seller and also depends on the size of the initial payment. However, buying property in the UAE is generally a good option.

Which is Cheaper, Buying an Apartment in UAE in Cash or in Installments?

You can get your property at a lower price when you pay cash because mortgages are expensive. Buying a home with a mortgage requires several additional expenses, the most important of which is interest, in exchange for paying the full price of the property. You will likely spend much more than the original cost of the property when your home loan term expires.

check out our offers for apartments for sale on installments in Dubai Marina.

Apartments for Sale in UAE in Installments (Imtilak Global’s Best Offers)

Binghatti Orchid

Orchid is located in Jumeirah Village Circle (JVC), a neighbourhood known for its extensive infrastructure and rich history. The project features a modern design and luxurious amenities. People living there can enjoy shopping in various markets and spending their free time in beautiful cafes and restaurants.

Binghatti Gardenia

Binghatti Gardenia, located in Jumeirah Village Circle, has a long history and is one of Dubai's best neighbourhoods for living and real estate ownership. Robust infrastructure and extensive amenities, including schools, markets, hospitals, retail malls, entertainment venues and service facilities, are provided to the residents of the development area to meet their daily requirements.

Damac Bay

DAMAC Bay is a valuable investment. It is located in the Dubai Marina area and is famous for its luxury towers and stunning beaches. The project area provides a wide range of amenities, including schools, markets, healthcare facilities and service facilities, to meet people's daily requirements. The area is also full of fine restaurants, cafés, entertainment venues and upscale shopping malls.

Is it Possible to Buy an Apartment in the UAE Without a Down Payment?

The majority of banks won't lend the full value of a property. Typically, borrowers should pay a 20%–30% cash deposit. For foreigners, they must make a down payment of at least 30% of the property's value.

Buyers might also choose to pay for their house in instalments over time using the flexible payment options that many developers in Dubai provide. This implies that, if you are able to make the monthly payments, you could be able to purchase an apartment without needing a down payment.

Book a Free Consultation With the Imtilak Global Team

Choosing the UAE to live and buy an apartment is a good decision because of the benefits you can get there and the lifestyle you will live. In fact, this is most people's dream. This is something that can actually be achieved, by choosing an apartment in installments, you can buy your own apartment, and you do not have to be rich or spend your life saving. Imtilak Global offers many apartments for sale in UAE in instalments. Browse our offers, compare different opportunities according to price, location and amenities and choose your preferred apartment. Once you find a good opportunity, contact us to discuss more details and visit the property.

Contact us today and get free consultations and ideas about the real estate market in the UAE.