How to secure a property in Dubai from Canada with a payment plan

Home
Blog
How to secure a property in Dubai from Canada with a payment plan

How to secure a property in Dubai from Canada with a payment plan

How to secure a property in Dubai from Canada with a payment plan

Jun 26, 2025, 2:17:18 PM | Dubai Real Estate

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)
Downtown Dubai	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

Can Canadians Get a Mortgage in Dubai?

Yes, but challenging (most require UAE residency).

Alternatives:

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)

1. Research & Virtual Tours

Use Dubai real estate portals (Bayut, Property Finder).
Schedule video tours with agents.

2. Reserve the Property

Pay 5-10% booking fee (refundable in some cases).
Sign Memorandum of Understanding (MOU).

3. Secure Payment Plan

Agree on installment schedule (monthly/quarterly).
Ensure contract states no hidden fees.

4. Finalize Sale & Registration

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

✔ Hiring a Property Manager

Costs 5-10% of rental income.
Handles tenant screening, maintenance, and rent collection.

✔ Tax Implications in Canada

Rental income must be declared to CRA.
No double taxation (UAE-Canada tax treaty).

✔ Residency Visa Options

Golden Visa (10 years) – For AED 2M+ investments.
Remote Work Visa – If earning income abroad.