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Real estate in Dubai: interest-free bank financing

Guillaume Giroux on May 4, 2022

The question of financing is of course a central issue when one is interested inreal estate investment in Dubai. Indeed, not everyone can pay cash for an apartment at the time of booking. To overcome this problem, we negotiate for you financing plans over several years, without banks and without bank interest. Here is an explanation.

Six Senses, luxury real estate with payment plan

Financing real estate purchases in Dubai

As you probably know, it will be complicated if not impossible to get financing in France or in Europe for a real estate investment in Dubai. And for many investors, credit is not an option because of their religious beliefs. Aware of this situation, developers are offering financing plans. The payment plans offered by Dubai real estate developers are actually multi-year schedules. Thus, the investor will have to pay his apartment in several installments, spread between the reservation of his property and the delivery of the keys. On some programs, it will even be possible to pay a significant part of the apartment over several years after the delivery of the keys. Ideal for rental investments, because in this case a large part of the apartment will be directly financed by the rents received, without you having to advance the funds.

What documents do I need to provide to benefit from a payment plan in Dubai?

Only your passport will be required. The promoters rightly consider that once you pay your first instalment (usually 10%) and the notary fees (4%), you know that you will be able to afford the following instalments. If you cannot pay the second and third installments, your money could be lost. In fact, to benefit from these payment plans, you agree not to be allowed to resell your apartment until you have paid 30 or 40% of the total price, depending on the promoter you are buying with.

What are the longest payment plans?

The most common payment plans for apartments in Dubai are for 12 years. This means that you will have to pay a certain percentage between booking your apartment and handing over the keys. The second part will be paid over 10 years after the handover.

How do I find out which payment plans are best?

Just contact a professional real estate agent from Dubai Immo agency whose contact details are available on our website. You can also call us on +33 7 56 82 82 73 (free calls and WhatsApp messages) or on our local line +971 56 367 2667. We would be delighted to assist you with your real estate investment project in Dubai.