Property Payment
Schedule
Most
properties on DubaiPropertyAuctions (DPA) are 'off-plan' properties. This means
that they are in the process of being built and so the total Purchase
Price is not due upfront in order to obtain the property.
Depending on their construction schedule, different properties
have different payment schedules. Typically, the further along a property
is to completion, the more deposit will be required.
The Payment Schedule for each property is indicated at the bottom
of its Property
Details page. The Payment Schedule includes the 1% Reservation
Fee, the Balance Deposit (the Reservation Fee and the Balance Deposit
is required to be paid to transfer the property into the Buyer's
name) and future payments that will be due to the developer. See
below:
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