Do I need a down payment to buy a property in Dubai?

Do I need a down payment to buy a property in Dubai?

Do I need a down payment to buy a property in Dubai?

Yes, typically, a down payment is required to buy a property in Dubai. According to the Dubai Land Department, it is required for home buyers to pay at least 25% of the property value in cash as a down payment. Some developers may set higher or lower requirements investors. It is important to understand all necessary requirements and costs before buying any property in Dubai. Other costs associated with purchasing a property may include transfer fees, mortgage registration fees, and other legal costs.