What a payment plan actually costs
Common market shapes, priced against your figure — your developer’s own schedule governsHala's reading
Hala is reading the figures on this page…
Your plan
Not entereddue on booking, before fees
Not enteredduring construction
Not enteredat handover
24 monthsto handover, as you set it
Your plan
These are common market shapes, not any project’s registered plan. Pick the one closest to your developer’s and set your own price.
Every payment, and what triggers it
| When | Trigger | Share | Amount | Running total |
|---|---|---|---|---|
| On booking | You sign and reserve | 10% | — | 10% |
| Month 8 | Construction reaches a certified stage | 20% | — | 30% |
| Month 16 | Construction reaches a certified stage | 20% | — | 50% |
| On handover · month 24 | The unit is handed over | 50% | — | 100% |
| On registration | Interim registration (Oqood), Dubai | 4% | — | — |
The handover share is the part people get wrong
Most buyers plan to mortgage the final 50%. Banks lend on off-plan at handover, and they lend against the valuation on that day — not against what you paid at launch. If the valuation comes in lower, you cover the difference in cash.
100% paid by handoverMortgage at handoverValued on the day
What is not in this plan
Interim registration is shown; service charges start at handover, and the developer’s own admin fee is on top. A guide, not an offer — your developer’s actual schedule governs.
Where the money goes
In Dubai, Law 8/2007 requires your instalments to go into the project’s registered escrow account, released to the developer as the build hits its milestones. The other emirates have their own escrow rules. PropDirect never holds any of it.
What it does 3
Prices four common payment-plan shapes against the price you enter
Says what triggers each instalment: signing, a certified construction stage, handover
Adds the land department's Oqood registration fee on top