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Home»Finance»What payments are provided in the UAE when buying primary real estate

What payments are provided in the UAE when buying primary real estate

November 25, 2019

Features of the acquisition of primary real estate

When purchasing real estate under construction from the developer, you will have to in advance part of its value.

Usually, this is about 10%, after which a preliminary contract is drawn up and an individual schedule for making payments is drawn up.

In the case of finished real estate, preliminary introduction of part of the value allows you to remove the object from the sale and fix the price.

Buying real estate in the UAE through the agency, the so -called internal contract is drawn up.

A feature of intermediary services is the impossibility for the realtor to raise the price of the object, since the commission intermediary receives from the developer. The buyer will only need to pay when registering 1.5% of the cost of the purchased real estate.

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