Given the extensive scale of the Duabai Islands project and the involvement of multiple developers, the payment plans available will be diverse. This diversity will provide potential buyers with a wide array of payment options tailored to their financial situations. It’s important to recognise that these payment plans are subject to change, influenced by economic conditions and other factors, meaning the available Dubai Islands payment plans will without doubt evolve over time.
Here we take a closer look at the payment plans offered in some of the more recently released projects.
Payment Plans by Project
Bay Villas by NAKHEEL Payment Plan
| Percentage | Instalment |
|---|---|
| 15% | Down Payment |
| 65% | During Construction |
| 20% | On Handover |
This is what is referred to as an 80/20% payment plan. As part of this, the buyer is required to pay 80% of the total payments due during the construction period and the final 20% at time of completion.
| Percentage | Instalment |
|---|---|
| 20% | Down Payment |
| 10% | Within 2 Months From Booking Date |
| 10% | Within 5 Months From Booking Date |
| 10% | Within 8 Months From Booking Date |
| 10% | Within 12 Months From Booking Date |
| 10% | Within 17 Months From Booking Date |
| 10% | Within 23 Months From Booking Date |
| 20% | On Handover |
Rixos Residences by NAKHEEL Payment Plan
The payment plan outlined here is also an 80/20 Payment Plan that is being shown in more detail. It still required 80% of the total payments to be made during the construction period but at different intervals and with a smaller initial downpayment.
These are just two examples of payment plans at Dubai Islands. As additional projects are launched, a variety of payment plans will become available. It’s also important to note that payment plans vary not only between developers but also between projects, with each offering its unique payment schedule.
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Dubai Islands Payment Plans FAQ’s
Are there any post-handover payment plans available in Dubai Islands?
There are currently no post-handover payment plans available in Dubai Islands. This could however change and future projects could come with this type of payment plan.
Can a payment plan be amended?
The short answer is yes it can. This does however vary from project to project and developer to developer.
Will all Dubai Islands properties come with a payment plan?
Yes, all off-plan properties come with a payment plan. The schedule of these will vary from project to project and between different developers.