For a city that is famous today for its world-class skyscrapers and opulent lifestyle, owning a home in Dubai is nothing short of a dream come true. The only thing that makes this dream difficult to turn into a reality is the high upfront cost, which can often make purchasing a home out of reach for many. But this is where one of the biggest real estate builders in Dubai steps in. Danube Properties, which is known for its premium finishing of homes at affordable rates, makes this dream a reality for many through its 1% Payment Plan.
The 1% Payment Plan by Danube is a flexible and affordable payment scheme that allows buyers to own a home by paying only 1% value of the property per month over a specified period. This payment plan removes buyers’ financial burden and makes investing in housing projects easier. Before delving deep into the topic, let’s first understand how this payment plan works.
- Initial Down Payment – Buyers first start with the initial down payment, which is considered to be around 10% of the property value.
- Monthly Installment – Once the down payment is made, the next step for the buyers is to pay 1% of the property’s total value per month for the agreed duration.
- Handover – Once the payment plan is complete, the property is then handed over to the buyer. They can choose to move in or rent out the property.
Affordability and Accessibility
This new payment plan by Danube Properties has opened doors for individuals for whom buying a home in Dubai seemed a distant reality. But with this lucrative option of breaking down the cost into a manageable monthly structure, homebuyers can now purchase a premium housing project like Timez By Danube without worrying about financial stress.
No Interest Charges
Earlier, one of the biggest roadblocks that many home buyers would come across used to be the high interest rates. But that is not the case with the 1% Payment Plan from Danube. Being an interest-free plan, buyers can hugely benefit by saving a huge amount of money. This makes it a highly economical option for them.
Flexible Payment Terms
One of the processes that makes purchasing Danube homes like Timez By Danube much more convenient is the option of making payments over a long tenure of 74 months or more. This flexibility allows buyers to manage their finances without feeling overwhelmed.
High Return on Investment
The real estate market in Dubai has always been known for its potential for high capital appreciation. Danube Properties, with their diversified portfolio and simpler purchasing process of a 1% payment plan, provides buyers with a lucrative scope of having high ROI, as the value of the property will continue to grow.
Golden Visa Opportunity
One of the most lucrative advantages of owning a property in Dubai is qualifying for the UAE golden visa, which provides residency ranging from 5 – 10 years. With the Danube properties’ 1% Payment plan initiative, expatriate and foreign investors can take advantage of this program and settle in the city with their families.
Tax-Free Environment
One of the biggest incentives for moving to Dubai or doing business there is the 100% tax-free income that the city offers. While it is relatively difficult for investors to tap into that market, Danube Properties makes that process easier with their 1% payment plan.
Conclusion
The 1% Payment Plan by Danube Properties is presented as the ideal gateway to affordable luxury living towards luxury living in Dubai. Understanding the consumer needs and shift in the real estate dynamics in the last few years, Danube Properties has made it possible for more people to be able to own a property in the city and enjoy the perks that come with it.