Dubai’s competitive real estate market is seeing a wide range of inventive offers from developers to attract potential buyers. Amid the growing market, developers are introducing various incentives, including flexible payment terms and attractive options for purchasing housing in Dubai.
Among the new trends, the one percent payment plan is gaining popularity. This scheme involves reducing the monthly payment, which extends the loan repayment period. Under this plan, buyers make a down payment of about 20 percent and subsequently make monthly payments of one percent of the total price of the property until they receive full title.
For example, if the property is valued at Dh1 million ($272,000), the down payment would be Dh200,000 followed by monthly payments of Dh10,000 for 80 months, equivalent to six years and eight months. This option is proving more attractive to buyers than the traditional 20 percent payment upon booking, 30 percent payment upon handover, and the remaining 50 percent within three years of handover.
Using this innovative approach, developer Danube Properties claims that the one percent payment plan has significantly helped buyers on limited incomes realize their dream of home ownership.
Dugasta Properties is offering a unique offer of 100 per cent buy-back after five years for its Al Haseen Residences project in Dubai Industrial City, located in close proximity to Al Maktoum International Airport.
The developers’ forward-thinking approach reflects a dynamic response to market demands, offering buyers diverse and attractive options against the backdrop of Dubai’s thriving property market.
