Payment schedules can range from increments of 10% up to 20%. It is at the discretion of the developer how they structure it
The benefit of buying off-plan is that re-sales command relatively high premiums therefore reducing any profit margin in the investment considerably.
Who Can Buy?
Acumen finally seems to have entered the minds of UAE’s Federal Government officials who recently have started to consider the issuance of freehold property visas. This news was revealed of late by a top Dubai government official who said that introduction of residence visas on foreign property ownership in various emirates of the UAE was under serious consideration. The DG of Dubai Government’s Finance Department added that the proposal regarding issue of property-linked visas, which was put forward by the Advisory Council of Dubai Government, was under a review.
It should be kept in mind that some emirates, acting of their own accord, had already amended their foreign property ownership laws and developed their own freehold visa arrangements. The purpose of the proposed freehold property visas at the federal level is to streamline the process and set a unified guideline for the entire UAE. The Federal Government officials hope that the new law will be introduced soon but no timeline for the regulation’s introduction has yet been announced.
Real Estate Developer companies in United Arab Emirates are well known for their stunning innovations, ground breaking designs and swift completion of the projects. Credit goes to Nakheel, Emaar, Damac, etc for delivering projects like Palm Island, Business Bay, Dubailand or Burj-Ul-Arab. These developers have grown in tandem with Dubai real estate market. Some of these much admired developers operating in UAE markets are discussed below.
Al Nakheel Properties:
Nakheel Corporation is the most prominent developer in UAE. Their trademark work is the land reclamation projects they have carried so far. Palm Trilogy, The world or Dubai water fronts, each of them is a milestone, achieved by no other company as yet. Other notable properties include Jumeirah Lake Towers, The International City or Jumeirah Village. Nakheel’s vision has provided Dubai with the much needed edge in design and structures over other parts of the world.