off plan mortgage dubai

Off Plan Real Estate
  • 0% Personal Income Tax, Rental Income Tax, Capital Gain Tax
  • Costs From 788,000 AED / $215,000​
  • 3 Year Investor Visa for Self & Family Eligible
  • Booming Property Market
  • 20 Million Annual Visitors By 2025
  • 10 Year Golden UAE Residency Visa for Investors
  • 10 Most Visited Cities in The World In 2018*
  • Dubai is 7th Safest City in the World by Numbero
  • Dubai is 24th City in Quality of Life Index
  • UAE offering Citizenship to Foreigners

    off plan mortgage dubai

    Off Plan Mortgages in Dubai: Understanding the Benefits

    Off plan properties are growing in popularity in Dubai as investors seek to maximize their returns on investment. An off plan mortgage is a specific type of mortgage designed for buyers of off plan properties in Dubai. This article will explore the benefits of off plan mortgages in Dubai.

    1. Lower Down Payments: A significant advantage of off plan mortgages in Dubai is that they often require lower down payments. This allows buyers to enter the property market with less capital upfront and use their money for other purposes, such as investments or living expenses.
    2. Lower Interest Rates: Off plan mortgages in Dubai generally have lower interest rates compared to traditional mortgages, saving buyers money on interest payments over the life of the mortgage.
    3. Flexible Payment Terms: Another benefit of off plan mortgages in Dubai is that they often offer flexible payment terms. This allows buyers to choose a payment schedule that fits their financial needs and budget, such as making larger payments to pay off the mortgage faster or paying more towards the end of the mortgage term.
    4. Opportunity to Capitalize on Increasing Property Values: Off plan properties in Dubai are often sold at a lower price than completed properties. This creates an opportunity for buyers to capitalize on increasing property values as the construction of the property progresses. This can potentially result in selling the property for a higher price or taking out a larger mortgage on the property in the future.

    In conclusion, off plan mortgages in Dubai provide a range of benefits including lower down payments, lower interest rates, and flexible payment terms. It is recommended to consult with a professional financial advisor or real estate agent to make an informed decision.