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UAE Real Estate
Post-handover payment plan in Dubai
Author:
Tijana Kirkov
Date:
10 January 2023
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A 100% upfront payment is the norm for ready-to-move-in properties in Dubai, with a percentage reserved for booking or reservation. If the property is off-plan, meaning it is still under construction, buyers have a payment plan that is split into multiple installments. Various payment plans are available, including 80% during construction and 20% at handover, 50/50, 60/40, 70/30, and many more. Although developers are free to set up their own payment plans, they are becoming more buyer-friendly, which is why post-handover payment plans have been reinstated.
Buyers are able to make post-handover payments not only until completion but also after the construction is complete, allowing them to put less money down at once. Find out more details about post-handover payment plans in Dubai and the exciting off plan projects that offer them.
Buyers are able to make post-handover payments not only until completion but also after the construction is complete, allowing them to put less money down at once. Find out more details about post-handover payment plans in Dubai and the exciting off plan projects that offer them.
What is a post-handover payment plan?
A buyer usually completes payment of the entire unit upon completion, or after property handover, when the payment terms are split into instalments. A post-handover payment plan, however, allows buyers to pay a predetermined amount after the property is delivered. In Dubai, post-handover payments can range from one to five years or even ten years, depending on the developer.
Here is an example of a post-handover payment plan:
Here is an example of a post-handover payment plan:
- 10% on purchase date
- 10% 2nd installment
- 5% 3rd installment
- 10% at 20% construction completion
- 5% at 50% construction completion
- 10% at 80% construction completion
- 10% at 100% completion and handover
- 10% 6 months post-handover
- 10% 12 months post-handover
- 10% 18 months post-handover
- 10% 24 months post-handover
Note. Not all developers offer post-handover payment plans and payment plans can take many forms and have many variations.
10-year post-handover payment plan
The 10-year payment plan is common in some other markets; however, this isn't really the case in Dubai. On the other hand, the payment plan for certain projects, such as Viewz by Danube with Aston Martin interiors, takes 7 years. What this means is you pay in installments for 4 years during construction and then you have a 3 year post handover period.
Projects with a PHPP in Dubai
Here's a list with projects with a post-handover payment plan in Dubai:
1. MBL Royal
Location: Jumeirah Lakes Towers
Developer: MAG Property Development
Completion date: October 2024
Payment plan:
- 10% down payment - date of purchase
- 10% installments 2 and 3
- 5% installments 4 and 5
- 20% on handover - Q4 2024
- 5% every 3 months after handover, 8 installments post handover
2. MAG 330
Location: City of Arabia
Developer: MAG Property Development
Completion date: October 2025
Payment plan:
- 10% down payment
- 5% after 6 months
- 5% 1 year after
- 20% post 1 year each month 1%
- 10% Handover payment
- 50% 5 years post handover payment plan
Location: Jumeirah Lake Towers
Developer: Seven Tides
Completion date: April 2023
Payment plan:
- 5% On reservation date
- 8% Within 14 days from the reservation date
- 10% Within 60 days after the reservation date
- 10% Within 120 days after the reservation date
- 9% Within 210 days after the reservation date
- 8% Within 330 days after the reservation date
- 10% Within 450 days after the reservation date
- 10% Within 630 days after the reservation date
- 10% On the Handover Date (as defined in the SPA)
- 10% Within 180 days after the Handover Date (as defined in the SPA)
- 10% Within 360 days after the Handover Date (as defined in the SPA)
Location: Jumeirah Village Circle
Developer: Fakhruddin Properties
Completion date: October 2025
Payment plan:
- 60% during construction
- 40% post handover in 2 years
Location: Business Bay
Developer: Dal Al Arkan
Completion date: December 2023
Payment plan:
- 10% down payment
- 10% 3 months from booking date
- 5% 6 months from booking date
- 5% 9 months from booking date
- 30% on project completion 100%
- 10% 6 months after project completion
- 10% 12 months after project completion
- 10% 18 months after project completion
- 10% 24 months after project completion
Location: Downtown Dubai
Developer: Dal Al Arkan
Completion date: July 2024
Payment plan:
- 20% down payment on booking
- 10% 1st installment
- 10% 2nd installment
- 20% on handover
- 10% 6 months after handover
- 10% 12 months after handover
- 10% 18 months after handover
- 10% 24 months after handover
7. Petalz
Location: Al Warsan
Developer: Danube Properties
Completion date: July 2025
Payment plan:
- 10% down payment on sales date
- 10% 1st installment within 2 months from sales date
- 26% 2nd to 27th installment - 1% monthly for 26 months
- 14% 30th installment - on handover
- 40% post-handover - 1% monthly for 40 months
8. Opalz
Location: Arjan
Developer: Danube Properties
Completion date: April 2025
Payment plan:
- 10% down payment on booking date
- 10% 1st installment within 2 months from booking date
- 32% 2nd to 33rd installment within 34 months (1% monthly) from booking date
- 8% 34th installment on completion date
- 40% post-completion (1% monthly)
9. Gemz
Location: Al Furjan
Developer: Danube Properties
Completion date: March 2025
Payment plan:
- 10% down payment on booking date
- 3% 1st to 3rd installment 1% monthly
- 5% 4th installment within 5 months from booking date
- 5% 5th to 9th installment 1% monthly
- 5% 10th Installment within 11 months from booking date
- 4% 11th to 14th installment 1% monthly
- 2% 15th Installment within 16 months from booking date
- 16% 16th to 31st installment 1% monthly
- 10% 32nd installment on completion/handover
- 40% post-handover 40 months (1% monthly) after handover
10. Elitz
Location: Jumeirah Village Circle
Developer: Danube Properties
Completion date: December 2025
Payment plan:
- 10% down payment on booking date
- 42% during construction, 1st to 33rd Installment
- 8% on handover, 100% completion
- 40% post-handover, within 40 months
11. Seslia Tower
Location: Jumeirah Village Triangle
Developer: Tiger Group
Completion date: December 2025
Payment plan:
- 10% down payment
- 60% during construction
- 30% post-handover, within 24 months
12. Cloud Tower
Location: Jumeirah Village Triangle
Developer: Tiger Group
Completion date: March 2025
Payment plan:
- 20% down payment, purchase date
- 60% during construction, until handover
- 20% post-handover, within 24 months
13. Nobles Tower
Location: Business Bay
Developer: Tiger Group
Completion date: December 2023
Payment plan:
- 10% down payment, on booking
- 30% during construction
- 10% on handover
- 50% post-handover, within 48 months
14. Viewz by Danube
Location: Jumeirah Lake Towers
Developer: Danube Properties
Completion date: May 2026
Payment plan:
- 10% launch day
- 10% March 2023
- 1% May 2023 - December 2024
- 5% January 2025
- 1% February 2025 - December 2025
- 5% January 2026
- 1% February 2026 - May 2026
- 1% monthly post handover for 35 months
15. Samana Mykonos
Location: Dubai Studio City
Developer: Samana Developers
Completion date: June 2025
Payment plan:
- 15% down payment on booking
- 10% on 6th month from booking
- 10% on 12th month from booking
- 10% on 18th month from booking
- 1% per month x 60 months
16. Samana Waves II
Location: Jumeirah Village Circle
Developer: Samana Developers
Completion date: March 2026
Payment plan:
- 15% down payment on booking
- 10% on 6th month from booking
- 10% on 12th month from booking
- 10% on 18th month from booking
- 1% per month x65 months
17. Imperial Avenue
Location: Downtown Dubai
Developer: Shapoorji Pallonji
Completion date: December 2023
Payment plan:
- 10% on booking
- 10% within 60 days of booking
- 20% on completion
- 60% 1-year post-completion (4 installments of 15% payable quarterly, every 3 months from completion)
Location: Al Sufouh
Developer: RSG Group of Companies
Completion date: December 2024
Payment plan:
- 10% deposit, immediately upon booking
- 10% due within 30 days of booking
- 10% due 4 months after booking
- 10% due 8 months after booking
- 10% due 12 months after booking
- 20% due at the time of completion
- 10% due after 6 months of completion
- 10% due after 12 months of completion
- 5% due after 18 months of completion
- 5% due after 24 months of completion
Going forward
Affordability coupled with sweet deals from developers make this a great time to invest in a Dubai property. With a good understanding of post-handover payment plans and the best projects in Dubai that have a post-handover payment plan, you can make an informed decision and be prepared for the purchase of a property.
Besides the properties described in the table above, you can also browse our property portal for properties with different payment options and completion dates. Our team will assist you with finding a property, providing mortgage advice or answering any questions you may have. Contact us via phone or email or sign up to get access to further information and more features available on our website.
If you’re interested in mortgage financing, check out our mortgage calculator and options for UAE nationals, expats and non-residents. Find out more about UAE real estate and mortgages in our blog section, which includes topics such as (and many more):
Besides the properties described in the table above, you can also browse our property portal for properties with different payment options and completion dates. Our team will assist you with finding a property, providing mortgage advice or answering any questions you may have. Contact us via phone or email or sign up to get access to further information and more features available on our website.
If you’re interested in mortgage financing, check out our mortgage calculator and options for UAE nationals, expats and non-residents. Find out more about UAE real estate and mortgages in our blog section, which includes topics such as (and many more):
