With Eid Al Fitr likely this week, investors have only three days left to close the property deals in Dubai that can help them to save four per cent of the total cost of the unit and even get better payment plans.
Offering a four per cent saving to investors during Ramadan is the Shaikhani Group of Companies. It has waived the four per cent Dubai Land Department (DLD) registration fee for those booking of units in its Gardenia Residency project in Jumeirah Village Circle.
“DLD levies transfer fees on the total sale and purchase value of any property.
"Buyers sometimes fail to complete the sale due to these extra costs. So during Ramadan, we are offering a complete waiver of this government fee on the purchase of any unit from our Gardenia Residency,” Managing Director Mahmood Shaikhani told Emirates24|7.
Dubai Properties is offering a flexible payment plan for its Arabella and Serena developments. (Supplied)
#Easy payment terms
Dubai Properties is offering a flexible payment plan for its Arabella and Serena developments.
Buyers are being offered extended payment terms and increased flexibility in post-handover repayments.
Investors have to make a 10 per cent down payment followed by bi-annual payments over a three-year period for 30 per cent of the purchase price.
At the handover, an additional 30 per cent payment is to be made followed by the balance during the two years after handover.
“We have listened to what our purchasers have told us over recent months and have created this payment plan for the Holy Month of Ramadan to offer them the flexibility they would like when purchasing property in Arabella and Serena,” Marwan Al Kindi, Executive Director – Sales and Sales Operations said in a statement.
Townhouses and villas (two to five bedrooms) under the scheme are priced from Dh1.3 million to Dh2.2 million.
Emirates24|7 did report before earlier that real estate consultancies were offering Ramadan rental deals such as rent-free periods to waiver of agent commission.