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Easier payment terms introduced in Dubai
Country: Dubai, United Arab Emirates
25 November 2008
Property companies and developers in Dubai are offering easier payment terms for people buying property in the emirate, in an attempt to ease the impact of the global credit crunch in the region.
Adamant that it will not be scrapping any planned projects, Deyaar Development Company is to offer existing and future customers more flexible payment structure.
Deyaar is currently working on a number of schemes including the Business Bay, International Media Production Zone, Dubai Marina, Jumeirah Lake Towers, Tecom, Waterfront and Downtown Jebel Ali.
Union Properties will also be offering more relaxed payments schemes, which include giving investors the option to rent, own or rent-to-own in any of its residential or commercial properties in its Index tower, Limestone House and MotorCity developments in Dubai.
Elsewhere, Emaar Properties has just introduced a new development that extends property payments over a five-year period after handover and another scheme where people can try before they buy, with the option to rent a home before deciding whether to buy it.
It is not just Dubai that is taking measures to whether the property downturn. With property prices falling in nearby Qatar, local developer The Land has slashed in half the down payments investors need to pay when purchasing some homes on the Pearl-Qatar, a manmade island being constructed off the coast of Doha. Browse other Dubai property news stories, read articles about investing and buying property in Dubai or view our range of property in Dubai.
Some properties in Dubai, United Arab Emirates
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Price: £162,772
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Type: Apartment
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Bedrooms: 1
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £181,616
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Type: Apartment
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Bedrooms: 1
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Considered the tallest residential tower in the world, The Princess Tower is being constructed on a 37,410 square feet plot in the Marina area, known to be one of the most exclusive and prestigious areas in Dubai.
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View details | Enquire further
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Price: £264,880
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Type: Apartment
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Bedrooms: 1,2,3
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DUBAI GATE 2 JUMEIRAH LAKE TOWERS 1 BEDROOM PLUS DINING ROOM 18TH FLOOR FANTASTIC VIEWS
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View details | Enquire further
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Price: £271,881
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Type: Apartment
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Bedrooms: 2
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £299,300
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Type: Apartment
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Bedrooms: 1
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· Project: The Fairways · Developer: EMAAR · Tower: T1 / West · Type: 1 BR · Suite area: 709 Sq ft
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Price: £435,654 GBP
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Type: Apartment
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Bedrooms: 3
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This luxurious 3 Bedroom apartment is a distress sale and is offered below market price. Located in one of the prime Towers in the most sought after location in Dubai – O2 Residence in Jumeirah Lake Towers<
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Price: £731,763
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Type: Apartment
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Bedrooms: 3
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Elite Residence is destined to become one of the most exclusive and sought-after addresses in the Middle East, it is ideally located at the core of Dubai Marina, near significant city landmarks like Palm Jumeirah and the Mall of the Emirates.
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View details | Enquire further
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Price: £1,432,557 GBP
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Type: Apartment
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Bedrooms: 1,2,3
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The Mansion at Burj Dubai is an architectural masterpiece, its unique value proposition is that all homes within the 60-storey tower open to direct views of Burj Dubai, the world's tallest building, and the magnificent fountain on Burj Dubai Lake.220
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Price: £1,864,970 GBP
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Type: Penthouse
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Bedrooms: 5
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Developer Deyaar Penthouse, Top floor Full lake view Floor 38 Area: 5,765 sq.ft
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