More Developers Offer the Easiest Payment Options to Boost Off-Plan Sales.
Dubai: Want to buy an off-plan property in Dubai? You can now do it with zero down payment.
Yes, you heard that right. Several private developers are now giving investors the chance to buy a home with very little money upfront. These projects, launched in recent months, start at Dh800,000 and are expected to be completed between 2026 and 2027. If these offers become popular with investors, more developers might introduce zero down payment options.
With these deals, buyers only need to pay the registration fees and other costs to the Dubai Land Department. The first payments to the developers would begin about three months later, based on current offers.
This move shows that developers are doing everything they can to attract buyers. Off-plan sales in Dubai have been reaching new monthly highs this year, and December looks set to make 2024 the best year for off-plan sales in Dubai.
Even though there is strong demand, it’s not easy for developers. Every 10 days, a new off-plan project is launched in Dubai. Most developers need to offer something extra to attract buyers.
This is where the zero down payment offer helps. Developers who offer this are doing it as a “limited time” promotion.
The zero payment option helps investors make decisions faster, according to market sources.
These offers will become even more attractive if demand increases in 2025 and developers find ways to sell more units quickly.
Easiest Route to a Golden Visa?
Property market sources say the current off-plan offers are the easiest way to buy a home in Dubai and even get a Golden Visa. Most developers now help with the Golden Visa process for investors who buy a property worth Dh2 million or more once they pay 20% of the value.
In some cases, visa processing starts even with a lower payment percentage. Earlier, Golden Visas were issued when investors reached the Dh2 million payment mark.
“Generous off-plan payment plans are the easiest way to invest in UAE property linked to a Golden Visa,” said Muhammad Imran Khan, Managing Director of Investment Experts. “This attracts a lot of investment in Dubai property, showing a shift towards a market focused on end-users.”
Dynamic Pricing:
Developers have also introduced other pricing tools, such as “dynamic pricing.”
Here’s how it works: If a property buyer wants flexibility with monthly payments, some developers let investors choose the payment plan that works best for them.
“For example, a buyer might choose to pay 1% monthly or a higher percentage. The final property price changes based on that choice,” said an industry source. “Dynamic pricing is still new in Dubai’s off-plan market, but both buyers and developers can benefit from it if used smartly.”
Investors: Just Keep Your Eyes Open
Hanishka Gehani, Director at Zabadani Properties, emphasizes that property buyers need to consider all details when signing up, even if the entry cost seems very low.
“As developers offer more flexible payment plans, investors and buyers need to compare these plans with what they would pay if they took a mortgage,” said Hanishka. “Don’t just look at the initial cost but also consider the overall value you are getting for your money.”
Investors and developers need to be careful with these payment plans because any delays in payments can cause delays in the projects. This issue has already started to appear in some projects.
Eima Hajimalan, Manager at GCP Properties
