Damac Properties has designed the Damac Islands project with a flexible and appealing payment plan that lessens the financial burden on investors. The payment plan consists of two stages: 1. During construction (75% of the property’s payment made in monthly installments) 2. After construction (25% paid upon completion). Damac Islands enables investors to claim their property after a 20% down payment, availing the benefits of low monthly payments, thus making luxury waterfront living more affordable. This strategy helps reduce the accessible price barrier for investors.
Installments | Payment (%) | Milestones |
Down Payment | 20% | On Booking Date |
1st to 5th Installments | 5% | Within 7 months (1% monthly) |
6th Installment | 5% | Within 8 months |
7th to 11th Installments | 5% | Within 13 months (1% monthly) |
12th Installment | 5% | Within 14 months |
13th to 17th Installments | 5% | Within 19 months (1% monthly) |
18th Installment | 5% | Within 20 months |
19th to 23rd Installments | 5% | Within 25 months (1% monthly) |
24th Installment | 5% | Within 26 months |
25th to 39th Installments | 15% | Within 41 months (1% monthly) |
Final Installment | 25% | On Handover |
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