Dubai: For residents currently renting in Dubai and wondering when to buy their own home, the right time might be now—especially for those seeking more budget-friendly options.
In recent weeks, private developers across Dubai have introduced 0.5% monthly payment schemes (after a certain down payment). A few have even advertised zero down payment for a limited time. Others prioritise longer payment durations, especially post-handover, with some off-plan deals extending up to 10 years.
Now, several developers are combining the best of both approaches.
As 2025 approaches, a new standard could be set in off-plan purchases. One major developer already offers 0.5% monthly payments over 10 years. Others are expected to follow suit, giving buyers more flexibility in how much they pay each month—and how long they take to pay it off.
‘Affordability’ Sparks Cash Flow and Sales:
According to Hanishka Gehani of Zabadani Real Estate, Dubai’s evolving “affordability” factor is helping boost property sales, easing the path for potential buyers to step into homeownership.
Other UAE Real Estate Updates:
Al Ahli Bank of Kuwait has become the first Kuwaiti bank licensed as an escrow account trustee in Dubai’s property sector. Through this service, developers can collect funds from off-plan buyers or project financiers into a dedicated account. According to Mohammed Ali Al-Badwawi, acting CEO of RERA, this ensures that all financial transactions related to off-plan projects remain transparent and strictly regulated, with a dedicated bank account for each individual project.
