Bullet-Point Property: Dubai No. 105
Do you want a mortgage to complete your purchase of a property in Dubai?
The majority of off-plan properties have payment plans that reflect the availabilityof mortgages, and you will find 30/70, 40/60 and 50/50 plans on offer from most developers, e.g. 50% between booking and completion via construction linked instalments and then 50% on Completion.
Most buyers will go the mortgage route as the property is about to be handed over, with payment plans such as 50%, 70% or 80% on completion there is no need until then.
As soon as the building has a Completion Certificate (BCC) issued then the buyer can book a Mortgage, a 50% LTV for overseas applicants is a simple and straightforward approval process while 51% to the maximum allowed 75% LTV is more stringent and complicated.
Conventional and Sharia Compliant/Islamic Mortgages are available in the UAE.
Read more about Buying in Dubai
Since Dubai opened up the property market to foreign buyers in 2002, I believe that there has never been a better choice of high-quality properties at such appealing prices alongside attractive payment plans.
Here are some of the very best currently on offer this month
Belgravia Square in Jumeirah Village Circle
- The new favourite for home buyers who value aesthetics and design along with contemporary community living in one of the most popular locations in all of Dubai.
- One-bedroom apartments from AED 766k and two beds from AED 1.083m
- Pay 50% spread over two years and 50% on completion in Q4 2020
- A minimum net rental yield of 8%
The Residences at Marina Gate in Dubai Marina
- Multi-Award-winning development with outstanding facilities and a supreme location
- Two beds from AED 2.5m
- Five-year payment plan of 10% now, 40% on handover in 2019 and 10% every year for five years post-handover.
- 100% DLD Waiver
- Average rental for a two bedroom is AED 140k per year
- A net rental yield of 6%
The Collective 2.0 in Dubai Hills Estate
- Exceptionally well-designed Co- living spaces just minutes away from the Park and Mall
- Two-bedroom apartments for AED 1m close to Downtown and the Dubai International Financial Centre
- Five-year payment plan of 10% + 4% DLD fee, 30% in instalments during construction, 10% on completion in 2021 followed by 50% spread over 30 months post-handover
- A minimum net rental yield of 8%
- Collective 2 at Dubai Hills Estate Brochure
Rawda in Town Square
- A city within a city which satisfies the significant demand for value from professionals and families looking for affordable quality.
- Two-bedroom apartments on the Main Square for AED 850k
- Six-year Payment Plan of 5% + 4% DLD fee now, 20% in 2019, 10% on completion in Mid 2020 then 8% every 6 months for 4 years
- A minimum net rental yield of 8%
Burj Royale in Downtown Dubai
- The very last project to be built in Downtown that will have full views of the Dubai Fountains and the Burj Khalifa
- Two beds from AED 1.45m to AED 2.069m
- Four-year payment plan of 5% now + 4% DLD fee then 5% every fivemonths and 50% on completion in 2022
- A net rental yield of 6%
Which is your favourite Hotel in Dubai? Read here about the best cheap hotels that don’t compromise on Luxury
Thank you for reading this far, please forward to someone that may also be interested.
Hope to see you very soon