Buying an apartment in Dubai: accepted payment methods

Dubai differs in many ways from Europe and France, and this is also the case for the methods of payment accepted for real estate investment in Dubai.

Payment by bank transfer

Of course, bank transfer is the most common way tobuy an apartment or a villa in Dubai. It is fast and secure, and the funds are paid into an escrow account under the control of the Dubai Land Department when buying off-plan.

Payment by credit card

Whether it is to reserve an apartment by paying a small amount of money via an internet payment link or on the spot at the promoter's, the bank card is frequently used. If your card allows it, and it will be the case if you have a UAE bank card, you can even pay several tens of % of the price of your apartment or even the totality by bank card...

Payment by check

This method of payment is widely used by UAE residents. If you are a resident or have a bank account in the UAE, you will have a checkbook and can use it to pay your apartment.

Payment in cash

This method of payment is still accepted by some developers. Cash is not taboo in Dubai and it is very easy to withdraw large sums of money at the counter of your bank, to buy an apartment or a car for example. The payment is therefore instantaneous and avoids waiting for a transfer to arrive or a check to be cashed. Some acceptpartial or full payments, depending on the situation. Payments in foreign currencies (euro or dollar) can be accepted, but we advise you to make the exchange beforehand.

Payment in cryptocurrency, Bitcoin, Ethereum or others

This payment method is being accepted by more and more real estate developers in Dubai. They see it as an opportunity to attract investors from all over the world, some of whom have made big profits in recent years by investing in cryptocurrencies like Bitcoin. See our article on the subject.