Should Dubai property buyers go for 1% payment plan or seek a mortgage deal?

Should Dubai property buyers go for 1% payment plan or seek a mortgage deal?

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Should Dubai property buyers go for 1% payment plan or seek a mortgage deal?

More developers offer 1% monthly payment schemes to attract end-user buyers

Dubai: With more tenants in Dubai once again looking at buying a home, developers are rushing in with payment models that can meet buyers’ expectations without straining their budgets. And these days the 1 per cent monthly payment plan is turning into a most viable option for these buyers.In a recent marketing push, Damac was offering villas starting from Dh2.89 million at its Park Greens project in Damac Hills 2 with a 1 per cent monthly payment plan. This plan would ensure a ‘convenient and manageable financial arrangement’.


Date: Jul, 9th 2024