Tiger Sky Tower in Business Bay Dubai offers a flexible (2 Years Post Handover) payment plan designed to meet the diverse needs of both investors and those looking to make Dubai their home.
Below is the staggered payment structure. If you require additional flexibility, please don’t hesitate to reach out to us at +971 5244 233 87
A post-handover 2-year payment plan at Tiger Sky Tower in Dubai offers flexible financing option to make property purchases more affordable. Here’s how it typically works:
- Initial Down Payment: Buyers pay a portion of the property price upfront, usually ranging from 10% to 20%.
- Payments During Construction: Throughout the construction phase, buyers make periodic payments based on the completion stages of the project. These payments might be scheduled every few months or upon reaching certain construction milestones.
- Handover Payment: When the property is ready for handover, buyers pay a significant portion of the property price. This can be around 30% to 40% of the total price, depending on the developer’s terms.
- Post-Handover Installments: After taking possession of the property, the remaining balance is paid over an extended period, in this case typically up to 2 years. These payments are usually divided into monthly or quarterly installments.
The main advantage of this plan is that it reduces the financial burden on the buyer by spreading out payments over a longer period, even after moving into the property. It’s especially attractive for those who may not have the full amount available at the time of purchase or prefer to manage their cash flow more effectively. However, buyers should carefully review the terms and conditions, as interest rates and other fees can vary depending on the developer and the specific project.
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