Sunday 20 April 2014

Easy off-plan payment plans spark fears of another Dubai property bubble | The National

Easy off-plan payment plans spark fears of another Dubai property bubble | The National:



"Property developers in Dubai are offering such relaxed payment plans that they are threatening to fuel another off-plan bubble.



As hundreds of unbuilt homes go on sale this weekend in Dubai, property experts are warning that the payment plans they are sold through are being offered at terms that make it much more affordable to buy risky off-plan property than to buy existing second-hand homes.



Almost benign payment plans require buyers to put down very small deposits until a property has been completed."



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