A payment plan is a structured schedule that allows you to pay for an off-plan (under construction) property in installments over the construction period, rather than paying the full amount upfront. It’s one of the key advantages of buying off-plan properties in Dubai, making property ownership more accessible and financially flexible.
Developers in Dubai often offer attractive payment plans where you pay a certain percentage during the construction phase and the remaining balance upon completion and handover of the property.
Example 1: 80/20 Payment Plan
In an 80/20 plan, you pay:
• 80% of the property’s value in installments during construction (based on the developer’s milestone schedule).
• 20% upon completion and handover of the property.
This structure spreads out your payments over time, easing the financial burden during the build period, while the final 20% confirms your ownership once the property is ready.
Example 2: 70/30 Payment Plan
Similarly, in a 70/30 plan, you pay:
• 70% during the construction phase in multiple installments tied to progress milestones.
• 30% at handover when the property is completed.
This approach provides even greater flexibility during the construction phase, allowing you to manage cash flow while your investment appreciates.
Payment plans are designed to make property ownership smoother by aligning payments with the property’s construction timeline. You can always view the full payment schedule for each property directly on its page within the Stake app.