How to finance off plan property in Dubai?

The maximum loan during construction period is 50% and off-plan properties are typically cheaper than ready properties. When you pay 50% of the purchase price, it is preapproved at the application time and is guaranteed to be paid off at completion, regardless of the individual’s financial situation.

After paying 50% for an off-plan property, you can take 25% to 30% cash out. If the property during construction has increased in value, you can borrow 75% to 80% of the property value and withdraw more cash out. This process requires property revaluation and mortgage reapplication. However, if you’re content with the numbers and you’d like to receive cash at a low mortgage rate, it’s also another option. It is recommended to choose a plan that you’re comfortable and committed with and will give you the freedom to save up or explore other investments when the property is completed.

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