Many tenants in Dubai wish they could make the transition to becoming home owners but the extra costs of buying a ready property in Dubai can be draining
From the 25% loan down payment, the 4% Dubai land department fees, 2% agency fees not to mention the processing costs here and there
The same issue occurs when the buyer is considering off plan options, even if the project offers a payment plan but the buyer will still be paying rent till the project is read.
Rent To Own Payment Plan In Dubai
Many developers realized the this problem and offered a great solution for first time home buyers, Al Fouad building has an amazing rent to own payment plan:
- 3 Year fixed rental contract
- Free service charges for 3 years
- No Down payment
- Ready to move in
Straight to the point, move in and pay 25% over 3 years!
your rent is the down-payment for the home finance, hence you are not paying installments and rent.
How it works?
1-Tenancy contract to be signed.
2-MOU (Memorandum of understanding) Fixing the price and verification that the rental amount is from the price of the property.
Studios: 47,000 AED 4 Cheques – Size 512 SQFT
1 Bedrooms: 64,000 AED 4 Cheques – Size 724 SQFT
2 Bedrooms: 92,000 AED 4 Cheques – Size 1167 SQFT
Al Fouad Interiors
The Al Fouad building is located in Al furjan community by Nakheel
and offers Studios, 1, 2 & 3 bedroom Apartments
All 3 bedrooms all sold out and there is a limited number of availability for the remaining types, if you would like to arrange a visit please reach out to me on:
+971 58 297 8004
mohamed.zidan@engelvoelkers.com
