The real estate market in Dubai stands as one of the fastest growing in the  world and is renowned for offering attractive investment prospects. Potential buyers have a plethora of property options, spanning from ready-to-move properties to those still in the planning stage. The off-plan properties have witnessed a high rise in favor of both homeowners and investors, this mainly due to the convenient payment plans, interest-free, and the profitability potential upon project completion and even before.

Step.1: You need to allocate a budget that will include the downpayment which is usually 10%-20% of the selling price, the installments and the legal fees, like 4% DLD and other registration fees (between 2,100 AED and 4,200 AED).

Step.2: Take contact with a trustworthy and licensed real estate broker that will help to advice you and accompany you throughout the process, can even help you to negotiate a better payment plan or better deal. Please note that you will not pay any commission to the agent.

Step.3: As soon as you’ve chosen the under-construction project, you need to pay the booking fee (1%-2%) that will allow you to book your property through an EOI (Expression Of Interest), then the first down payment (usually within 30 days or less) and this is before signing the Selling and Purchase Agreement (SPA) where all the terms and conditions are agreed. This amount will be deposited in an escrow account to secure your money. Please note the market in Dubai is very dynamic.