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What are the payment terms?

Answer

In general, a deposit representing 10% of the buying price is required at the contract-signing stage for all new development properties. This is followed by what are known as stage payments that are made at regular intervals through to completion.

Completed Dubai property needs to be paid in full (100%). The developer will charge a 1-2% transfer fee to put the property contract into your name and the contract will follow in about two weeks. Each developer will offer a different payment plan so it is best to contact us for project specific details.

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