How Damac 1% Payment Plan is Transforming the Luxury Real Estate Market of Dubai
In Dubai’s ever-evolving real estate market landscape, the innovative concept of 1% payment plan Dubai is slowing becoming the cynosure. Damac Properties, one of the renowned developers in Dubai is making waves in Dubai’s real estate market by coming up with the innovative concept of 1 percent payment plan. This innovative approach by none other than Damac Properties is redefining the entire concept of property ownership in Dubai. Damac 1% Payment plan makes it easy for the prospective buyers and investors to invest in the luxury real estate market of Dubai without breaking their bank.
Well, this 1% payment plan is a convenient alternative for prospective buyers to invest in the best off-plan projects Dubai without breaking their bank. In this, you need to make a minimum initial payment and then pay the remaining balance in monthly installments that will be equal to the 1% of the total value that the property holds.
Note* the installments are free from any kind of further charges or fees.
Read the blog as we delve into the eligibility, conditions, perks of Damac 1% payment plan, , and some of the best off plan property in Dubai by Damac that offer 1% payment plan Dubai.
Eligibility Criteria for Damac 1% Payment Plan
If you want to invest in Dubai real estate, Damac 1% payment plan Dubai is the best and the most affordable option to go ahead with. However, before moving ahead, you are required to follow an eligibility criteria such as:
• Applicable only on selected properties by Damac
• A very minimal down payment
• A Valid Emirates ID
• 1% of the property value to be paid on a monthly basis
Note* Keep in mind that you are required to pay charges or processing fees if you miss the payments consequently.
Exquisite Features of Damac 1% Payment Plan
• Aligned towards Project Completion
In this payment plan, the payments are subject to construction. As the project goes on the verge of completion, your investment gets more secured and transparent.
• No Hidden Charges
Most of the developers don’t charge any kind of hidden charges or fees that further enhances the appeal of this payment plan.
• Payment Schedule with Complete Flexibility
The prospective buyers are allowed to pay the remaining balance in monthly or quarterly installments, further making the entire process of buying a property in Dubai more flexible and affordable.
• Multiple Property Options
The Damac 1% payment plan is available for wide range of properties such as apartments and villas, catering to the diverse needs of the investors.
• Low Initial Down Payment with Lower Risk
By making just a low initial down payment, the 1% payment plan Dubai allows you to own your dream property.
Perks of Damac 1% Payment Plan
The city of Dubai is constantly adopting this innovative payment plan to make property ownership a cakewalk for the people who don’t have a handsome amount of money to pay in the beginning. Instead of looking for properties for rent in Dubai, you can own a property in Dubai by paying 1% of the entire house every month. This effective yet innovative approach allows property buyers to become owners of the respective property without any fuss.
So, let’s move ahead to knowing the perks of adopting Damac 1% Payment Plan Dubai.
• Real Estate Investment Opportunity with Lesser Risk
The Damac 1% Payment Plan never fails to grab the attention of the investors and the homeowners who are looking forward to making an investment in Dubai Real Estate. In addition, it allows investors to enter the real estate landscape at comparatively lower risks.
As the time passes by, the value of the investment appreciates and the investment doubles. Additionally, the tenure of 10 years gives you enough time to experience a great capital appreciation before the final settlement of the payment takes place.
• An Option offering more flexibility and affordability
Flexibility and Affordability are the two main features that makes this payment plan a lucrative choice for investors. It eliminates any kind of financial barrier that often discourages investors from entering the landscape of Dubai real estate market.
A very minimal down payment and 1% easy installments every month makes even the luxury properties more convenient. No matter if buyers have less savings or investments somewhere else, Damac 1% Payment plan offers them complete flexibility to land into their dream home without any further constraints.
• Long-Term Financial Planning without any Hassle
With the need to pay just 1% per month, prospective buyers can do long-term financial planning without any fuss. In this innovative approach, rather than arranging a lump sum of money, you can just own a property by paying just a minimal down payment, allowing customers to live a healthy and luxurious lifestyle without compromising on necessary things.
This 1% payment plan not only captures the attention of established professionals but also grabs the attention of young professionals who might lack enough funds to invest in a luxury property in Dubai. To make an entry in the real estate market, you can look for properties in some affordable areas such as Al Karama Dubai, Al Mankhool, and many others.
Who can Opt for Damac 1% Payment Plan?
Damac 1% Payment Plan is best suited for:
• Foreign Expats
This innovative plan grabs the attention of salaried employees who are interested in owning a property in Dubai and looking forward to experiencing a luxurious life.
• Potential Investors
Investors who want to invest in the real estate of Dubai can opt for this innovative payment plan by Damac that comes with complete flexibility and affordability.
• First-Time Home Buyers
For the first-time home buyers in Dubai who have concerns of limited funds, debt burdens, or low credit score can opt for Damac 1% payment plan and own a property in Dubai. The newbies can also seek the help of the best real estate agents in Dubai who will help you own the right property in the right location with the right payment plan.
Available Off-Plan Projects in Dubai under Damac 1% Payment Plan
If you are planning to take advantage of this 1% payment plan by Damac, you can explore some of the best off-plan projects in Dubai by Damac properties. Have a look!
1. Safa One de Grisogono Tower by Damac Properties at Safa Park
Safa One de Grisogono Tower is the latest residential off plan project in Dubai’s Safa Park, featuring apartments, duplexes, and penthouses that reflect nothing less than high-end luxury. When you plan to make an investment in this off plan property, you will get access to enjoying the mesmerizing views of the famous Burj Khalifa, Palm Jumeirah, and the iconic Atlantis.
Price Starting From: AED 1,603,000
Square Feet: 843 to 5,937 Sq.ft.
Handover Date: 2026
Features and Amenities
• Security round the clock
• Dining Outlets
• Gymnasium
• Kids Play Area
• Infinity Swimming Pool
• Retail Outlets
• Parks and Leisure Areas
• Delectable Restaurants
2. Safa Two at Safa Park
Safa Two is the latest project by Damac properties, launched in 2022 and is expected to get completed by 2027. It features studio, 1, 2, and 3 BR apartments with panoramic views of the iconic Burj Khalifa, The Palm Jumeirah, and The Atlantis. Located conveniently at the edge of the famous Safa Park, this latest development by Damac gives residents easy and convenient access to Sheikh Zayed Road, and if you want you can travel for 22 minutes and enjoy the amazing sunset at the Marina Beach Dubai.
Price Starting From: AED 750,000
Square Feet: 370 to 2,351.27 Sq.ft.
Handover Date: 2027
Features and Amenities:
• BBQ Areas
• Jogging Trails
• Outdoor Gymnasium
• Restaurants and Café
• Schools and Educational Institutes
• Yoga and Meditation areas
• Outdoor swimming pool, and many more
3. Violet at Damac Hills 2
Violet at Damac Hills 2 is the latest residential gem by Damac properties, offering an exquisite collection of 4BR townhouses. Strategically positioned near the Al Qudra Road, Violet at Damac Hills 2 offers residents a convenient access to the key areas of Dubai, such as Dubai Marina, Business Bay, Dubai International Airport (DXB), and many others.
Price Starting From: AED 1.8 Million
Square Feet: 2,352 – 2,415Sq.ft.
Handover Date: 2026
Features and Amenities:
• Supermarket
• Gymnasium
• Kid’s play area
• Clubhouse
• Swimming Pool
• Jogging Track
• Car Parking
• Dining and Retail outlets
4. Damac Bay 2 by Cavalli at Dubai Harbour
Damac Bay 2 by Cavalli is another seafront development by Damac developers in the beautiful waterfront development of Dubai Harbour, offering 1-3 BR luxurious apartments and 3-5 BR duplexes with stunning views of the famous Dubai Marina, Arabian Gulf, and other surrounding areas and convenient access to premium amenities.
Price Starting From: AED 2, 99,000
Square Feet: 733 to 7,655.51 Sq.ft.
Handover Date: 2028
Features and Amenities:
• Green and Sustainable surroundings
• Multi-purpose lounge
• Marina and Yacht Club
• Swimming Pool
• Parks and Leisure areas
• Parking facilities
• Supermarkets
• Kids Play area
• Fitness Centers
• Retail and Dining Options
• Areas for Yoga and meditation
• Restaurant and Café
Final Words
Damac 1% Payment Plan has become a popular choice for the aspirant buyers and investors seeking investment in Dubai real estate. By easing the requirements of high capital requirements, this plan has been constructed to bring luxury within affordable boundaries.
For further information about the latest projects by Damac and the process of investment, you can get in touch with the best real estate experts in Dubai.
