Burj Binghatti Jacob & Co Residences: Comprehensive Guide to Payment Plans and Financing Options

To accommodate a multitude of buyers, Burj Binghatti Jacob & Co Residences offers flexible payment terms:

• 70/30 Payback Plan: Purchasers pay 70% of the property value during the building process and the remaining balance of 30% upon the property being complete.
• 60/40 Payment Structure: Pay 60% during the construction process, and the remaining 40% when you pick up the property.

The available payment plans provide buyers with the flexibility needed for financing, enabling them to make payments conveniently during the building process. Interested in learning more about Burj Binghatti and its' payment plan? Read through our curated blog on the sought-after off-plan project! 

Purchasing an off-plan property in the Burj Binghatti Tower can be made easier by using the following financing options:

• Bank Loans: Most UAE banks provide financing for off-plan property under mortgage transactions for up to 80% value of the property subject to the purchaser's affordability and the bank's terms and conditions. Comparison is needed for the best deal for the interest rates, the terms for the loans, and the extra charges by the various banks.
• Developer Financing: Developers also make financing available through their internal financing structures or lending institutions for customized mortgage packages. Individual Burj Binghatti financing packages are not detailed, however, LYM advises to contact the developer or accredited sales agents for the available packages.

Investing in the off-plan property at Burj Binghatti Jacob & Co Residences Dubai is all about strategic investment planning. These are some fundamental steps you need to adhere to:

• Assess your financial situation: Think about your financial situation at the moment, including your level of income, your savings, your debts, and your credit score. This will help determine your affordability and loan eligibility.
• Account for Added Fees: In addition to the property value, account for the added expenses like the registration fee, the service fee, the upkeep expenses, and possible interior design expenses.
• Create a Payment Plan: Coordinate your selected Burj Binghatti payment plan with your pay cycle. Saving for each milestone in advance can spare you from financial strain.
• Seek pre-approval for the Loan: Seeking pre-approval for the loan will establish the affordability level for you and make the buying process easier.
• Maintain An Emergency Fund: Keeping some amount aside for emergencies or delays during the building process will ensure financial security.
• Consult Experts: Seeking advice from financial or property specialists, such as those at LYM, can help you devise the best possible solution for your financial goal.

Beyond its architecture, Burj Binghatti Jacob & Co Residences also boasts the best-in-class lifestyle through its superior set of high-caliber amenities:

• Infinity Pool: A luxurious infinity pool offering breathtaking views of Dubai’s skyline, perfect for relaxation.
• Fitness Club: A cutting-edge gym equipped with modern fitness technology, allowing residents to maintain a healthy lifestyle without leaving home.
• Concierge and Lounge Services: A 24/7 concierge service catering to residents’ needs, whether it’s arranging private events or securing reservations at exclusive venues.
• Exclusive Private Services: Personalized services such as private chefs, butlers, chauffeur services, and even security personnel ensure a lifestyle of utmost convenience and security.
• Spa and Wellness Centre: An upscale spa and sauna is available for serene rejuvenation and relaxation.

Situated in the middle of the Business Bay, the Burj Binghatti Jacob & Co Residences is positioned for the best access possible to some of the best locations in Dubai:

• Close proximity to Major Landmarks: Residents are minutes from the Burj Khalifa, the Dubai Mall, and the Dubai International Financial Centre (DIFC), putting them close to the city's main points of interest.
• Excellent Connectivity: Burj Binghatti is positioned next to main roads and mass transit, offering very good connectivity for city travel.