Distress Deal – 5-Bedroom Corner Townhouse in DAMAC Islands Bali, Dubai – Green Belt - Payment Plan

Payment Plan

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.

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