Buying property in instalments in Dubai

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How acquainted are you with the process of purchasing property in Dubai using instalments? The United Arab Emirates is often regarded as one of the world’s most alluring locations for doing business.

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Participating in several investment programmes may obtain permanent residency in the UAE. These instalment purchase programmes for Dubai real estate are available for individuals such as international investors, business owners, professionals, students, and researchers. In this piece, we are going to instruct you on the best practices for buying property in instalments in Dubai.

Dubai; The best city to buy property in instalments

In recent years, Dubai has emerged as one of the most sought-after locations for business investments throughout the globe. A metropolis that is brimming with skyscrapers and villas, in addition to circumstances that make it easy to invest money and get significant financial gains.

The fact that this city’s real estate market is so broad and offers residents a unique lifestyle from that of other immigration destinations has piqued the curiosity of many people. You can also check the best developments in Dubai for buying real estate.

Types of instalment plans to buy property in Dubai

Types of instalment plans to buy property in Dubai

Because not all investors have the financial resources necessary to pay all costs in cash, the relevant authorities in the UAE have demonstrated very effectively that they are aware of this fact.

As a result, the property developers in UAE have put various payment plans for the instalment purchase of property in Dubai in front of the applicants to buy a luxury villa in Dubai.

Several different payment plan options are available when purchasing an apartment in Dubai. As a result, we have assembled a list of the four distinct kinds of payment plans. Following this, we will go through them.

Buying property in instalments in Dubai with payment after delivery

A pay-after-delivery plan is a frequent financing option for purchasing real estate in Dubai on an instalment basis. After the property has been transferred into your possession, the payments are paid in several instalments, as the name indicates. The time duration that is often offered for this strategy is anywhere from three to ten years.

Top features of buying property in instalments with payment after delivery

The investor, however, must make a down payment equal to a specified percentage of the property’s total worth before they can take possession of it. This proportion might change depending on the circumstances and the agreement that was made between the parties.

Both investors and end customers stand to benefit from the Dubai programme that allows them to purchase homes in instalments. Investors are then able to rent out the property and utilise the rental return to cover their monthly mortgage costs. On the other hand, they do not need to make the whole payment before moving into their house and living there.

Buying property in instalments in Dubai with payment plan 10/90

Before they can take ownership of the property, investors are required to make a down payment equal to 10% of the home’s worth. Also, it is better to know a complete guide to buy a property in Dubai.

Top features of buying property in instalments with payment plan 10/90

They are required to pay 90% of the property’s worth in instalments at the value agreed upon by the parties once the property has been delivered to them. This well-liked instalment plan for Dubai real estate allows investors to expand their portfolios by purchasing more real estate at the same time as they make their monthly payments.

Buying property in instalments with payment during construction and delivery

Depending on the sort of project being undertaken in Dubai, a number of distinct iterations of this property instalment plan is available. You can make various investments, including those with ratios of 50-50, 60-40, 70-30, and other possible combinations. As further information, we need to say that you can also buy a property and obtain a North Cyprus residency visa.

Top features of buying property in instalments with payment during construction and delivery

This kind of payment may be made in one of two stages: either during the building phase or at the time of delivery. The instalment plan is often made available to clients during the construction phase and enables customers to make payments over the course of a specific amount of time prior to obtaining the keys to their home. Customers also have the option of obtaining a house loan to cover the balance that is outstanding.

Buying property in instalments in Dubai with rent subject to possession

This interesting payment plan is now offered in the United Arab Emirates (UAE) for the convenience of investors. Rent-to-own programmes provide prospective homeowners with a practical and expedient path to house ownership in a number of nations throughout the globe.

Buying property in instalments in Dubai with rent subject to possession

Top features of buying property in instalments with rent subject to possession

Both parties will sign a contract outlining the period of time and the total cost; after that, the rent will be immediately calculated against their initial deposit.

Due to the fact that the security deposit is included in the total amount of the rent, the monthly payment will often be more than the average for the market. The consumer may pay the remainder of the balance via a private loan or mortgage if they have already made a prepayment.

Buy a home in Dubai and get a UAE visa for 2022

The United Arab Emirates (UAE) began handing out “golden visas,” also known as residency permits, to business investors and entrepreneurs in 2019. In the past, you needed between 5 and 10 million dirhams to qualify for this visa in order to invest or purchase property in instalments in Dubai. Keep in mind that you can get a residency visa by buying a property in Dubai.

New plan to buy property in instalments in Dubai for 2022

In 2022, the government of the United Arab Emirates authorised additional requirements to be met in order to qualify for a golden visa via financial investment.

This new plan was connected to a decrease in the total amount that was required as an investment, the absence of a cap on the total amount of time that one could remain in the country, as well as the opportunity to get a mortgage and purchase real estate outside of the scope of the plan.

  • A golden visa may be obtained by spending 2 million dirhams (about $545,000) on a piece of real estate in the United Arab Emirates.
  • A second alternative is to pay 750,000 dirhams, which is equivalent to $204,000, for an instalment property purchase in Dubai in order to get a 20-year resident visa.

Benefits of UAE Golden Visa

Obtaining a golden visa for the United Arab Emirates comes with a variety of advantages. Also, we suggest you know about the steps to get a UAE golden visa. Some of these are detailed below:

UAE golden visa

1. Immigrate to the UAE

The United Arab Emirates is one of the wealthiest and most developed nations in the world, and investors and their families have the opportunity to relocate there. They are also free to travel within the nation anytime they like.

It is not required to have a residence in the UAE. Investors who have residence permits are allowed to visit the United Arab Emirates once or twice a year to keep their status active.

2. Tax planning and optimisation

The United Arab Emirates does not impose taxes on personal income, profits on investments, bequests, gifts, or real estate.

In addition, a corporation will be required to pay a 9% tax on its profits only if such profits are more than 475,000 dirhams. The United Arab Emirates has one of the world’s lowest rates of corporate taxation.

3. Opening a bank account in the UAE

Whatever investor in the UAE who has a valid residency permit may create a bank account in whatever currency they want, including dollars, euros, dirhams, and other options. This account is flexible enough to accommodate both savings and money transfers across international borders.

4. The possibility of acquiring citizenship in the UAE

After thirty years of continuous residency in the United Arab Emirates, an applicant for naturalisation may submit an application for UAE citizenship. Citizenship may, of course, be awarded to some individuals in recognition of outstanding service.

You won’t need a visa to enter 176 different countries if you have a passport from the UAE. On this list are the nations of Schengen, England, and Canada. Please refer to this page for the comprehensive list: To which neighbouring nations are day trips and overnight excursions possible while in the UAE?

5. Availability of U.A.E. healthcare and academic institutions

Clinics in the UAE will treat non-citizens if they possess a valid resident visa for the nation. The United Arab Emirates has become a hub for medical tourism across the globe. In this nation, there is a high need for specialists in dentistry, orthopaedics, and dermatology; moreover, residency in the UAE is quite popular among medical professionals.

Children of investors have access to the educational opportunities offered by schools and colleges in the United Arab Emirates. Several foreign schools are operating in this country, and the language of instruction in higher education is often English.

Emirates golden visa conditions

Applicants for residence might choose to pursue one of the following three paths to become eligible for the programme:

Emirates golden visa conditions

1. Investment fund: 10-year visa

For a visa valid for ten years, you have the option of selecting from the following categories: A minimum deposit of AED 2 million (about $550,000 USD) in a recognised investment fund in the United Arab Emirates, together with a letter from the fund certifying the deposit.

A minimum investment capital of 2 million dirhams, which is roughly equivalent to $550,000 USD, in a firm that has a valid commercial or industrial licence. A letter of authorisation from the National Federal Tax Administration and a minimum yearly tax payment of AED 250,000 (about US$70,000) from the firm that the investor controls.

2. Senior employees: 10-year visa

According to the previously mentioned fund option, investors who engage an executive or consultant for ten years may submit a letter authorising their senior employee to acquire a 10-year residence visa.

It is possible for the employee’s spouse and their children who have not yet been married to participate in the programme. It is intriguing to learn that one may get residence in Dubai via marriage as well as other legal means.

3- Real Estate: five-year renewable visa

Purchase of real estate for a minimum of 2 million dirhams (about $550,000) with a letter from the Dubai Land Registry. (An investment of more than 2 million dirhams is necessary to get financing for acquiring real estate.) Also, you can then sell your property at the best price. However, before that, you need to know how to sell your property in Dubai.

Process and waiting times for the UAE golden visa

The United Arab Emirates requires applicants to submit their residency applications fully completed, together with the required application fees and supporting documentation. The acquired resident visa has a validity period of ten years for senior personnel and investment fund alternatives.

When selecting the option to invest in real estate, the visa is valid for a period of five years and may be renewed after that. The application for residence in the UAE may be submitted to the government after all of the preliminary checks have been completed, and the maintenance fee has been paid.

Circumstances for the waiting times to get the UAE golden visa

In the event that all of the prerequisites are satisfied, the successful applicant will be granted a multiple entry visa valid for six months that may be utilised while waiting for the initial acceptance of their application in the United Arab Emirates. After that, complete permission is given to the application, and they are given a visa to remain in the country.

It takes three months to complete a residency application, beginning with the filing of the application and ending with its acceptance.

Cost of living in Dubai

The following is a rundown of the major cost of living in Dubai with making a livelihood in Dubai. Take into consideration that these prices are relevant only to the year 2022 and are subject to change throughout time.

Cost of living in Dubai

Restaurant Cost in Dubai

The cost of a restaurant in Dubai is as follows:

  • Food, cheap restaurant, 40.00 dirhams
  • Food for 2 people in a mid-range restaurant for three meals 300.00 dirhams
  • McMeal at McDonald’s (or equivalent food) 30.00 dirhams
  • Cappuccino (regular) 19.55 dirhams
  • Coca-Cola/Pepsi (0.33 liter bottle) 3.97 dirhams
  • Water (0.33 liter bottle) 2.13 dirhams

Supermarket items cost in Dubai

The cost of supermarket items in Dubai is as follows:

  • Milk (regular), (1 liter) 6.93 dirhams
  • A slice of fresh white bread (500 grams) 5.51 dirhams
  • Rice (white), (1 kg) 7.47 dirhams
  • Eggs (regular) (12) 11.63 dirhams
  • Local cheese (1 kg) 39.15 dirhams
  • Chicken fillet (1 kg) 32.13 dirhams
  • Round beef (1 kg) (or the equivalent of straight red meat) 39.52 dirhams
  • Apple (1 kg) 8.37 dirhams
  • Banana (1 kg) 6.52 dirhams
  • Orange (1 kg) 6.72 dirhams
  • Tomatoes (1 kg) 5.67 dirhams
  • Potatoes (1 kg) 4.08 dirhams
  • Onion (1 kg) 3.51 dirhams
  • Lettuce (1 piece) 5.92 dirhams
  • Water (1.5 liter bottle) 2.22 dirhams
  • 20 packs of cigarettes (Marlboro) 22.50 dirhams

Transportation costs in Dubai

The cost of transportation in Dubai are as follows:

  • One-way ticket (local transport) 6.00 dirhams
  • Monthly card (regular price) 340.00 dirhams
  • Taxi starts from (normal rate) 12.00 dirhams
  • Taxi per 1 km (normal rate) 3.05 dirhams
  • Taxi 1 hour waiting (normal rate) 30.00 dirhams
  • Gasoline (1 liter) 3.43 dirhams
  • Volkswagen Golf (or similar car) 99,000.00 dirhams
  • Toyota Corolla sedan 1.6 liter 97 kW (or similar car) 76,751.62 dirhams

Monthly water and electricity costs in Dubai

The cost of water and electricity in Dubai are as follows:

  • Basic expenses (electricity, heating, cooling, water, garbage) for an 85 square meter apartment, 729.39 dirhams.
  • One minute local prepaid mobile tariff (no discount or plan) 0.59 dirhams
  • Internet (60 Mbps or more, unlimited data, cable/ADSL)

Monthly water and electricity costs in Dubai

Monthly rent cost in Dubai

The cost of rent in Dubai is as follows:

Apartment (1 bedroom) in the city center 7,222.23 dirhams
Apartment (1 bedroom) outside the center, 4,124.31 dirhams
Apartment (3 bedrooms) in the city center, 12775.48 dirhams
Apartment (3 bedrooms) outside the center, 7,795.25 dirhams

Apartment purchase price in Dubai

The cost of an apartment purchase in Dubai is as follows:

  • The cost of purchasing a home or flat in the heart of the city comes to 14,513.46 dirhams per square metre.
  • The cost of purchasing an apartment outside the city centre is 8,796.07 dirhams per square metre.

Salary and financing

The salary and financing in Dubai are as follows:

  • After considering taxes, the average monthly pay comes to 14601.94 dirhams net.
  • 4.07 per cent per year as a fixed interest rate for a mortgage for a period of 20 years
  • If you want more information, be sure not to overlook the following article: An Analysis of the costs associated with Living in Dubai

Conclusion on buying property in instalments in Dubai

We made an effort to provide some answers to some of your inquiries about this topic in light of the growing desire for immigration to a number of nations, one of which is the UAE. In this post, we covered a variety of issues, including buying property in instalments in Dubai, the cost of living in Dubai, the several kinds of real estate programmes available in Dubai, the United Arab Emirates golden visa, and more.

Dxboffplan is your best bet for buying a house in Dubai. We will help you to buy a house in Dubai. Our customer support service will also answer all your question. Do you still have questions about this? Please do so in the corresponding comment area.

frequently asked questions

Purchasing real estate in this nation on the Persian Gulf is not a cheap or easy venture. The purchase price of a home may range anywhere from 500,000 dirhams (about $136,130) to several million dollars, on average, but it all depends on the style of the dwelling.

A house purchaser in Dubai may be eligible to remain there permanently under specific circumstances. You are able to submit an application for this via the United Arab Emirates Investment Visa Programme. Those with residence visas are also able to assist their dependents via the purchase of real estate finance.

6 Comments on “Buying property in instalments in Dubai”

  • فریبا


    سلام میشه شرایط خرید خانه اقساطی در دبی را بهم توضیح بدید؟

    • karimi


      سلام و عرض ادب.همکاران ما از طریق ایمیل با شما ارتباط می‌گیرند.

  • مریم


    سلام با خرید اقساطی آپارتمان اقامت دریافت می‌کنیم؟

    • karimi


      سلام روزتون بخیر. مشاوران ما از طریق ایمیل با شما صحبت می‌کنند

  • محمدی


    سلام ، آیا میشه در دبی ملک اقساطی خرید و در ایران اقامت داشت و ملک را اجاره دهیم برای پرداخت اقساط و خودمان در ایران اقامت داشته باشیم

    • eftekhari


      سلام وقت بخیر، از طریق چت آنلاین سایت با مشاورین ما در ارتباط باشید تا به سوالات شما پاسخ دهند.

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