Damac Islands project comes with a 75/25 payment plan. As part of this payment plan, 75% of the property price is payable during construction and 25% at the time of handover.
20%
Down payment
55%
During Construction
25%
On Project Completion
Damac Islands Payment Plan Breakdown
- Deposit: Immediate – 20%
- 1st Installment: Within 3 months from sale – 1%
- 2nd Installment: Within 4 months from sale – 1%
- 3rd Installment: Within 5 months from sale – 1%
- 4th Installment: Within 6 months from sale – 1%
- 5th Installment: Within 7 months from sale – 1%
- 6th Installment: Within 8 months from sale – 5%
- 7th Installment: Within 9 months from sale – 1%
- 8th to 12th Installments: Monthly from 10 to 13 months – 1% each
- 13th Installment: Within 14 months from sale – 5%
- Remaining Installments: Monthly, from 15 to 41 months – 1% each
- Final Installment: On completion – 25%
Download Brochure and Floor Plan
Damac Islands Payment Plan FAQs
What is the initial deposit required for the Dubai Islands payment plan?
The Dubai Islands payment plan requires a 20% deposit immediately upon sale, along with a 4% Dubai Land Department (DLD) fee.
Are there monthly installment options available for Dubai Islands properties?
Yes, the payment plan includes manageable monthly installments, each set at 1% of the property price, beginning from the 10th month and continuing up to the 41st month.
How much is due upon project completion for Dubai Islands properties?
A final installment of 25% of the property price is due upon project completion, following smaller monthly payments throughout the construction period.
What is the structure of the Dubai Islands payment plan?
The Dubai Islands payment plan is spread over multiple phases: an initial 20% deposit, 5% and 1% installments through the construction period, and a final 25% payment upon completion.
Is there a post handover payment plan available?
No, there is currently no post handover payment plan available for any properties at Damac Islands.