Real Estate in the UAE: why installments are the ideal option for foreigners?

The European reality of buying real estate for foreigners is often overshadowed by bureaucratic difficulties and strict requirements for mortgage loans.

In the UAE, the situation is radically different: purchasing a home here is a simple and accessible process, in which installments play a key role.

• Simplicity and accessibility: The transaction is completed online, without unnecessary formalities. The process is as simple as possible, which makes buying real estate in the UAE attractive for foreigners.
• Interest-free installments: Unlike a mortgage, installments are offered without interest. This is a significant advantage that allows you to reduce the overall cost of the property and make it accessible to a wider range of buyers.

• Wide choice: Installments are available for both budget and premium properties. You can choose the right option without worrying about financial constraints.
• Flexible terms: Installment periods vary from a few months to 8 years, allowing you to choose the best payment plan for your needs.

1. Before completion of construction: In this case, you pay the cost of the property in fractional payments until the construction is completed and you receive the keys. This is the most common type of installment, which is convenient for those who want to minimize financial risks by investing in a property that is still under construction. The term of such installments is usually 3-4 years.

2. After completion of construction: This option involves paying part of the cost before receiving the keys and further payment within a few years after the completion of construction. It is less popular, but occurs in 20% of cases.

Installments are provided by the developer, not the bank, so they are only available on the primary market.
In the case of a purchase on the secondary market, if the property is still under construction or in a project with payment of part of the cost after completion, you can inherit the payment plan of the previous owner.

To summarize, we can say that installment plans for real estate in the UAE are an ideal option for foreigners who want to buy a home without unnecessary complications and encumbrances. Simplicity, accessibility, flexibility of conditions and interest-free payment make buying real estate in the Emirates an attractive and comfortable experience.