Developed by Majid Al Futtaim, Tilal Al Ghaf is widely regarded as one of Dubia’s most popular villa communities.
Despite all projects being developed by the same developer all Tilal Al Ghaf projects come with their unique payment plan.
Here we take a look at some of the more popular payment plans offered within the Tilal Al Ghaf community.
Popular Tilal Al Ghaf Payment Plans
50/50% – This is a popular payment plan offered on most projects in Tilal Al Ghaf. Considered a great payment plan for buyers it requires the buyer to pay 50% of the total payments during construction, and 50% on handover. A payment plan such as this is considered favourable as half the total cost is not due till the property is complete. This allows the buyer more time to come up with the required funds and also makes financing this portion of the payment a possibility.
Tilal Al Ghaf Post Handover Payment Plans
There are currently no projects in Tilal Al Ghaf that offer a post-handover payment plan.
Post-handover payment plans are a popular type of payment plan and for good reason. They are a type of payment plan where a portion or percentage of the total payments is due in a period of 1 to 3 and sometimes even 5 years after the property handover. While great for buyers post-handover payment plans aren’t ideal for developers as they have to wait longer to receive payment.
As a result, payment plans are rare and tend to be offered in slower market conditions.
Key Takeaways
- Every off-plan project in Dubai comes with a payment plan.
- Different developers tend to offer slightly different payment plans for their projects
- A Payment plan offered for a particular project can change during the sales campaign.
- Although not invited by property developers payment plans may be negotiable. This is done on a case-by-case basis and is dependent on a variety of factors including the value of property being purchased as well as market conditions.
- There are currently no projects in Tilal Al Ghaf with a post-handover payment plan.