How to secure a property in Dubai from Canada with a payment plan
How to Buy Property in Dubai from Canada with Flexible Payment Plans
Canadian investors are increasingly turning to Dubai’s real estate market for its tax-free returns, high rental yields, and developer payment plans that make ownership accessible—even from overseas. If you're looking to buy property in Dubai from Canada without paying the full amount upfront, this guide covers everything you need to know about payment plans, legal steps, and smart investment strategies.
Why Canadians Are Investing in Dubai Real Estate
1. Attractive Payment Plans (0% Interest Options)
Many Dubai developers offer installment plans over 1-5 years, making it easier for Canadians to invest without large upfront payments.
2. Strong ROI & Tax Benefits
Rental yields of 5-9% (higher than Toronto/Vancouver)
No property tax, capital gains tax, or income tax on rentals
Stable market with long-term appreciation
3. Residency & Lifestyle Perks
Golden Visa (10-year residency) for properties over AED 2M (~$730K CAD)
Easy travel (direct flights from major Canadian cities)
Safe, cosmopolitan lifestyle with world-class amenities
Step 1: Finding the Right Property & Payment Plan
Best Areas for Canadian Buyers
Area | Property Type | Starting Price (AED) | Payment Plan Options |
Dubai Marina | Luxury Apartments | 1.2M | 50/50 (50% on booking, 50% on completion) |
High-End Residences | 1.5M | 5-year post-handover plan | |
Jumeirah Village Circle (JVC) | Affordable Villas | 900K | 80/20 (20% down, 80% in installments) |
Business Bay | Commercial/Residential | 1M | 60/40 split over 3 years |
Types of Payment Plans Available
- Post-Handover Plans – Pay a portion (10-50%) upfront, rest after getting keys.
- Construction-Linked Plans – Payments tied to building milestones.
- Flexible Installments – Spread over 1-5 years (sometimes interest-free).
Step 2: Legal & Financial Considerations
- Canadian bank financing (some offer international mortgages).
- Developer financing (lower down payments, but higher prices).
- Cash purchase (best negotiation power).
Key Documents Needed
- Passport copy
- Proof of funds (Canadian bank statements)
- Purchase agreement (must be RERA-registered)
Step 3: The Buying Process (From Canada)
- Use Dubai real estate portals (Bayut, Property Finder).
- Schedule video tours with agents.
- Pay 5-10% booking fee (refundable in some cases).
- Sign Memorandum of Understanding (MOU).
- Agree on installment schedule (monthly/quarterly).
- Ensure contract states no hidden fees.
- Transfer remaining amount via international wire.
- Register with Dubai Land Department (DLD) (4% fee).
- Receive Title Deed (digitally issued in 2025).
Step 4: Managing Your Dubai Property from Canada
- Costs 5-10% of rental income.
- Handles tenant screening, maintenance, and rent collection.
- Rental income must be declared to CRA.
- No double taxation (UAE-Canada tax treaty).
- Golden Visa (10 years) – For AED 2M+ investments.
- Remote Work Visa – If earning income abroad.