Payment Structure – Distress Resale, DAMAC Islands Bali Corner Townhouse, Dubai
This is an off-plan resale with a fully defined payment breakdown drawn from the original DAMAC contract. There are four distinct components the incoming buyer must plan for:
- 1. To Seller (Equity at Transfer): AED 930,160 — paid directly to the current owner at the time of the SPA transfer. This represents the seller's accumulated equity in the unit.
- 2. To Developer Before NOC: AED 199,440 — the outstanding balance payable to DAMAC Properties to clear the unit's account and obtain the No Objection Certificate (NOC) required to complete the resale transfer.
- 3. During Construction (35%): Approximately AED 1,093,400 — payable across the remaining DAMAC construction milestone payment schedule.
- 4. On Handover (25%): AED 831,000 — due at the time of unit handover in 2028.
Total Selling Price: AED 3,124,000
Immediate Capital Required (items 1 + 2): AED 1,129,600
Additional costs payable by the buyer:
- Dubai Land Department Transfer Fee: 4% of AED 3,124,000 = AED 124,960
- DLD Registration Fee: AED 4,000
- DAMAC NOC Fee: Applicable — to be confirmed with DAMAC Properties
- Agency / Brokerage Fee: Available on request
- Handover: 2028
This structure provides a clear and manageable phased payment path for buyers with access to approximately AED 1.1 million immediately and capacity to service the remaining construction and handover instalments. For a complete and personalised breakdown of the payment timeline and milestone schedule, please contact our advisory team before proceeding.