How to Invest -
Payment Schedules
Reserving apartments
is very simple and requires only completing the reservation form. A
reservation fee of only AED 5,000 (~ £715) is payable by credit
card form which will hold the apartment for 14 days. If during this
stage you decide not to proceed with your investment the deposit will
be refunded to you
14 days after reservation, the first payment will be due according to
the payment option selected, see options below (please note the booking
fee of AED 5,000 will be deducted from the first payment);
1) Standard Payment Option – 8 installments
Initial payment of 20% followed by 6 installments of 10% every 3 months
and finally the remaining 20% on completion of the project in December
2008
2) 50/50 – 2 installments – a 3% discount
from the list price
50% 1st installment 50% on completion of the project in December 2008
The sales and purchase agreement will be ready in about one week after
receipt of payment
Sign the agreement and return one copy for our records
Continue to pay the installments until completion
Upon completion receive the keys to your suite
Register with the Dubai Land Department, (1.5% of buying price)
Apply for Residence Visa (if desired)