Primary Sale
What is Primary Sales?
Primary sales in real estate refer to the initial sale of a property directly from the developer to the buyer. This type of transaction typically involves newly constructed properties or those still under construction. Buyers benefit from purchasing brand-new units, often at pre-launch prices, which can be lower than market rates. Developers, on the other hand, secure funding early on to finance their projects. These transactions usually offer modern amenities, flexible payment plans, and sometimes promotional discounts. Primary sales are a great opportunity for investors and homebuyers seeking the latest in real estate offerings in Dubai.
These buyout transactions usually offer modern amenities, flexible payment plans, and sometimes promotional discounts. Primary sales are a great opportunity for investors and homebuyers seeking the latest in real estate offerings in Dubai. Plus, buyers can customize their properties with the latest designs and technology. The process often involves fewer intermediaries, making it more straightforward and transparent. For many, this direct purchase from developers ensures peace of mind and a fresh start in a new home.
The Functions of the Primary Mortgage Market
By getting in touch with their neighborhood bank, homeowners can work directly with main lenders while looking for a mortgage loan. Since most customers will engage with their mortgage representative at their local bank during the entire process, they won’t realize that they’re dealing in the primary mortgage market. The mortgage expert will inform the borrower of the different kinds of mortgages that are available and provide an interest rate quote based on the kind that was selected. The loan closing—where the documents are signed—usually takes place at the local branch.
How We Can Assist
For your primary residence mortgage in Dubai and primary sale in Dubai requirements, you can count on ICB to provide you with expert advice, competitive rates, and a hassle-free home-buying experience while upholding Shariah-compliant finance standards.
We at ICB are experts at executing primary sale transactions in Dubai, so you can be sure of a seamless and effective experience. This is how we can help:
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