Globally, Dubai Real Estate has increased to prominence as a major and highly recognized location for investment. The city -friendly rules for investors, the absence of income tax, and strong fare returns continued to attract international buyers in search of attractive property undertakings in foreign buyers in recent times.
Flexible Payment Plan Options: Dubai’s property contributing to the attraction of the market market for investors is the availability of versatile payment programs. These arrangements allow buyers to finance their assets over a prescribed period, giving more property acquisition.
In contrast to traditional property marketplaces which usually require huge initial payments or mortgage approvals from banks, Dubai has a broad range of payment structures backed by developers to cater to both local and foreign buyers. There are post-completion payment plans, delayed payment facilities, and even rent-to-own arrangements available to investors who are seeking diversified financial schemes and goals.
Due to the increase in buyer’s interest, property development companies have demonstrated creative options to attract buyers. These include the payment program 1%with monthly installments, as low as the property’s handover, extended payment options for a decade and installment arrangements without interest fee. The Dubai Land Department (DLD) has reported an increase of 17% in real estate sales in Dubai during 2023, which features a significant part by flexible payment structures.
Understanding the subtleties of various payment options can significantly affect options within Dubai’s highly competitive property market. This article will explore different categories of property types, discuss their benefits, and highlight major ideas for investors.
A Post-Handover Payment Plan is a flexible property payment option offered by some real estate developers. Payment after property possession is termed post-handover payment. Nevertheless, a portion of the investment is required before the property is transferred. These payment structures are frequently associated with pre-construction developments in Dubai. Around the end of 2013, however, post-handover payment arrangements became available for larger-scale projects.
Due to the widespread appeal of this payment method, private real estate companies have also adopted it. These payment structures are promoted to individuals looking to invest. This offers significant convenience for both purchasers and investors, as they can remit nearly half of the total cost sometime after the property becomes operational. Furthermore, these plans in Dubai can span three, five, or ten years. The duration of a post-handover payment schedule is determined by the nature of the property and the specific developers in Dubai.
Key Features:
In Dubai, a payment plan extending 10 years beyond property completion may entail a 20% payment at the outset and the remaining amount paid in consistent installments across 120 months.
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This payment structure requires purchasers to contribute 1% of the property’s total cost each month until the full amount is settled. The 1% monthly payment option allows individuals to acquire property in Dubai by remitting just 1% of the agreed-upon price every month. This arrangement eliminates the need for a substantial initial deposit and avoids high interest fees or additional expenses.
Essentially, you make monthly payments equal to 1% of the property’s value until you achieve complete ownership. To illustrate, buying a one-million dirham property could involve a monthly payment of 10,000 dirhams for 100 months, which is nearly eight years. Consider this as an alternative to providing a 25% down payment (AED 250,000) plus a monthly mortgage interest payment (e.g., AED 3735 based on a 25-year mortgage at 3%).
The payment plan for a property costing AED 1.5 million involves an initial outlay of AED 150,000 (representing 10%) and subsequent monthly payments of AED 15,000 over 90 months...Read More
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Last March, Huawei released the P20 Pro �€“ a premium device that was packed with a massive battery, swift face unlock, and triple cameras (the first in the world). Up till now, it remains as one of the best in the market, toppling many newer premium devices. Now, within the same year, the Chinese tech giant released another flagship lineup �€“ the Huawei Mate 20 series. Its top flagship unit, the Mate 20 Pro, boasts impressive specifications that seem to be leaps and bounds better than the P20 Pro.
See how the�Huawei Mate 20 Pro�compares spec-by-spec with the P20 Pro.
On paper, the Huawei Mate 20 Pro gets the upper hand in all departments, as it is packed with a bigger and more vibrant display, a more advanced chip, a much-improved triple camera array, and a larger battery capacity. Let's break them down further.
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Much like the Huawei P20 Pro, the Mate 20 Pro has a notch that is nestled on top of its 6.39-inch display. Not only does it have a larger screen size but it also has a better resolution at quad HD - a step up from the P20 Pro's 1080p resolution. What's more, it has an under-display fingerprint scanner�that allows you to easily unlock your device, unlike today's fingerprint sensors that are typically mounted on the back.
The Huawei Mate 20 Pro is definitely faster than the�P20 Pro, as it houses the latest Kirin 980 chip that harnesses a 7nm manufacturing process (first in the world!). Since it's smaller than the P20 Pro's 10nm manufacturing process, it produces less thermal output and more efficiency, resulting in more speed with less power consumption!
It looks like Huawei has more tricks up its sleeve. The Mate 20 Pro may have the same number of sensors and megapixel values as the P20 Pro, but its 20MP lens is an ultra-wide camera instead of a monochrome sensor. With that, you can expect better close-ups and wider shots! Even without a dedicated monochrome lens, it can still capture decent black-and-white shots.
In the battery department, the Huawei Mate 20 Pro tops P20 Pro's 4,000mAh battery, as it offers 4,200mAh. However, given its higher-resolution display, it can suck up more power than the P20 Pro. With normal use, its battery can last for a day and a half just like the P20 Pro. What's more, the Mate 20 Pro comes with wireless charging, which you can't find on the P20 Pro.
No doubt, the Huawei Mate 20 Pro topples the P20 Pro in all aspects, as it is packed with an impressive design and top-notch specifications. Now, the question is - could it top the latest flagships from Apple and Samsung? Let us know what you think in the comments below!
The Huawei Mate 20 Pro retails for�RM3,599�and is�now available�on Huawei Malaysia official website! Check it out now to learn more details on how you can buy one. And you can buy it on Lazada, and use voucher lazada and get the special price