UAE: Developers offer lower down payments, flexible plans for off-plan property

Recently, a Dubai-based private developer introduced a payment plan spanning over eight-and-a-half years with five years of post-handover payment options

The number of Dubai developers offering sales incentives as well as lower and flexible payment plans for off-plan properties is on the rise in order to attract new investors and end-users. “The off-plan property market continued to maintain remarkable momentum, with both local and international investors eagerly acquiring newly launched units, attracted by the promise of strong returns on investment in a tax-friendly environment. However, it is worth noting a rise in the number of developers offering sales incentives, such as lower down payments, flexible and/or extended payment plans, and promotional gifts,” according to real estate consultancy Asteco.