Why pay in cash if you have the option to choose an easy payment plan? Many developers in Dubai will give you the privilege of owning a property in Dubai without paying the full amount upfront. This is a great option for low-income families who need a home. It is also useful for investors who cannot put all their money in one basket. After all, whatever you decide, instalment properties are an option available to you in Dubai and should be taken into consideration. This listing page presents the best properties with detailed information to navigate through.

Is it a Good Choice to Buy Property in Instalments in Dubai

Many people dream of owning a luxury apartment or villa in Dubai but lack the necessary financing to achieve their dream. This is not a problem anymore. Everyone can buy their dream home with instalments offered by developers in Dubai. You can actually own a luxury villa, live in it and pay for it later. Another advantage of buying a property in Dubai is that you will live in a very safe environment that protects you and your family. Dubai is known for its thriving market which will reflect in the value of your property. This means that after a few years, you can make a profit by selling your property. This type of investment is very safe and secure. This is not surprising in the real estate market. For investors, they can benefit from this as diversification of their portfolio. Investors can reduce risk by making different investments in different markets and regions.

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

Is It Better to Take a Mortgage or Pay Cash?

The response to this query is indefinite since it relies on personal preferences and financial stability. When deciding whether to purchase a home with a mortgage or cash, prospective homeowners should take into account several criteria, including:

• The reason for buying property
• Job type
• Age of the buyer
• Financial status
• Future plans

However, the following table shows the differences

Cash	Mortgage
Requires a sizable amount of liquid assets to cover the purchase price and other costs.	Monthly mortgage payments and closing costs.
More streamlined lending process.	Deductible mortgage interest payments help you save at tax time.
No closing costs or monthly principal and interest payments.	Could boost credit health with timely loan payments.

Payment Options: How to Buy a Property on Instalments in Dubai

Aside from the conventional down payment plan, the most common payment plans are the time-linked, Flexi, and construction-related plans. There are benefits and drawbacks to each of these plans.

• Down payment plan: Under this plan, the buyer must pay 10–20% of the property's worth at the time of booking, an additional 80–90% during the allotted period, which is often 45–60 days, and the remaining amount at the time of possession.
• Construction Linked plan: This plan, which is sometimes referred to as a possession-linked plan, necessitates an upfront booking fee from the buyer, often ranging from 10% to 15% of the purchase price. The remaining sum is contingent upon reaching certain building milestones—for instance, 20% after each level.
• Time Linked plan: These days, time-linked plans are not as common, although some developers still provide them. With these plans, you have to pay for your house in instalments according to a predetermined schedule specified by the builder. This is independent of how far along the construction is. If you choose this plan, some developers will give you a discount of 8–10% off the base price of the property.
• Flexi Payment plan: By the time the building begins, this plan asks the buyer to pay over half of the total sum. This plan is more common for new product releases, and payment of this sum takes place between three and six months after the booking date. As the building progresses, the remaining sum is paid. In other words, this plan combines a connected construction plan with a down payment plan.
  

Related: Is it Possible to Buy a Property in Dubai without a Down Payment?

Properties for Sale in Dubai on Installments by Imtilak Global

Sobha Creek Vistas Reserve

The Sobha Creek Vistas Reserve project, nestled in the luxurious heart of Mohammed bin Rashid City, offers comfortable and stylish living spaces with breathtaking views, easy access to essential amenities, and a wealth of leisure facilities.

Damac Golf Greens 1

The Golf Greens 1 project, nestled in the prestigious Damac Hills complex of Dubai, offers upscale living in one and two-bedroom apartments with stunning green garden views, all within easy access to major transportation, markets, schools, healthcare, shopping malls, entertainment, and prestigious sports facilities like the Trump Golf Club.

Azizi Venice 3

Azizi Venice 3, strategically located within Dubai South, the largest real estate development hub in Dubai, stands out with its unique architectural design resembling a floating city inspired by Venice, offering a wealth of amenities including an 18-kilometer-long water lake, diverse shopping outlets, and top-notch services within a safe and secure environment, making it a one-of-a-kind opportunity for quality family living.

Binghatti Orchid

Nestled within Jumeirah Village Circle (JVC), a vibrant area with a rich history and convenient access to transportation hubs, the Orchid Project boasts a 21-story tower showcasing elegant architecture, contemporary design, and premium amenities, offering residents a variety of stylish two-bedroom apartments and deluxe royal suites with breathtaking views, top-notch finishes, high-quality appliances, and an array of social and recreational amenities to enhance the residents' quality of life.

Book a Free Consultation with the Imtilak Global

Before you rush into buying your property in Dubai on installment, you must listen to an expert and get some ideas about the market. You don't want to find yourself buying expensive properties. Even though you are purchasing a property for housing purposes, it is an investment decision that must be taken carefully. Our team of experts is always ready to answer your questions and inquiries about the Dubai real estate market.
Contact us today and get a free Consultation.