Damac Islands Dubai Payment Plan
Damac Properties offers flexible and investor-friendly payment plans for Damac Islands Dubai. It is the key selling point of the development. The Damac Islands Dubai payment plan is expertly designed to make high-end townhouses and villas more accessible. The payment structure allows them to secure their dream homes without overwhelming financial strain. Here is the complete information about the payment plan for Damac Islands Dubai villas and townhouses.
Pricing Structure
Here is the pricing of Damac Islands townhouses and villas:
Townhouses:
- 4-bedroom (DITH-M) – 2.25M
- 5-bedroom (DITH-E)- 3.07M
Villas:
- 6-bedroom (DIV-3) – 6.31M
- 6-bedroom (DIV-55) – 13.57M
- 7-bedroom (DIV-75) – 18.61M
Damac Islands Dubai Payment Plan
Damac Properties offers a 75/25 payment plan for Damac Islands Dubai. The payment plan features a 20% down payment followed by a series of installments. The 25% of the total amount is payable at the completion. Here is the breakdown of the Damac Islands Dubai payment plan:
Down Payment:
The villa and townhouse can be booked by paying the initial amount of 20% as a down payment. The homebuyers and investors have to deposit this payment immediately.
Series of Installments:
There are a total of 40 installments that allow buyers to manage their finances effectively. These monthly installments span up to 41 months from the booking date. The 1st to 39th installments cover a major portion of the payment which is 55% of the total amount.
The value of each monthly installment is 1% except the 6th, 12th, 18th, and 24th installments. The 1st to 5th installments comprise 1% of the total amount and are payable within 3 to 7 months from the sale. The 6th installment requires a payment of 5% and is due within 8 months from the booking date. Installments 7 to 11 each require 1% and can be paid between 9 to 13 months. The 12th installment requires payment of 1% and is due within the 14th month from the booking date. The 13th to 17th installments, each of 1% are payable from 15 to 19 months from the sale.
Additionally, pay 5% of the total amount for the 18th installment within the 20th month from the booking date. From the 19th to 23rd installments, each price is 1% and payable from 21 to 25 months from the sale. The 24th installment costs 5% and will paid within the 26th month from the booking date. From the 25th to the 39th installment, pay 1% each within 27 to 41 months from the sale.
At Handover:
The 40th installment is payable on the completion of the construction of the property. The value of the installment is 25% of the total amount.
Note:
In addition to the initial deposit, the buyers have to pay 4% DLD.
Why Damac Islands Dubai?
Damac Islands Dubai is one of the finest waterfront communities in Dubai. Damac Islands offers a rare chance for anyone seeking a distinct blend of luxury, picturesque appeal, and long-term investment opportunities in one of the region’s most desirable locations.
- Prime Waterfront Living: Damac Islands offers elegant waterfront views and easy access to pristine beaches, making it perfect for those who love scenic living and seaside relaxation.
- World-Class Amenities: The community has high-end amenities such as private marinas, premium beach clubs, and lush landscaped parks. There are also sports facilities, shopping areas, and entertainment venues to meet all of your leisure and convenience needs.
- Exclusive Community Living: Damac Islands provides a sense of exclusivity with gated entryways, security, and private access, encouraging a safe and private atmosphere. This attracts families and individuals seeking privacy without sacrificing luxury.
- Strong Investment Potential: Damac Islands thrives in a prestigious neighborhood with growing demand for waterfront properties, positioning it for long-term appreciation.
The area’s high-end attractiveness makes it appealing for rental income, particularly among visitors and expats looking for premium residences.