What is the payment plan for Avenew 888 - Modo?

Avenew 888 - Modo by AVENEW Development is sold on a 10/40/50 plan: 10% on booking, 40% during construction, 50% upon handover, as published by the developer.

How much is the booking amount for Avenew 888 - Modo?

10% of the price. On the cheapest unit at AED 1.6M that is AED 163,302.

How much do I pay before I get the keys to Avenew 888 - Modo?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.6M that is AED 1.6M by handover in Q1 2028.

Does Avenew 888 - Modo have a post-handover payment plan?

No. The published plan completes at handover in Q1 2028.

What are the registration fees on Avenew 888 - Modo?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.6M that is AED 65,321. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.

When is the handover of Avenew 888 - Modo?

AVENEW Development publishes Q1 2028, which is 18 months from now.

AVENEW Development · Dubai South · handover Q1 2028

Avenew 888 - Modo payment plan

Avenew 888 - Modo by AVENEW Development in Dubai South, Dubai is sold on a 10/40/50 payment plan. On the cheapest unit, starting from AED 1.6M, that is AED 1.6M (100%) paid by handover in Q1 2028. Handover is 18 months away.

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The Avenew 888 - Modo payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	10%
During construction	40%
Upon Handover	50%

On the cheapest unit (2–3 BR, AED 1.6M)

On booking	AED 163,302
During construction	AED 653,208
Upon Handover	AED 816,510
Total (100%)	AED 1,633,020
Months to handover	18

Percentages as published by AVENEW Development. Dirham figures are those percentages applied to the published starting price of AED 1,633,020. Registration and other fees are not included.

The Avenew 888 - Modo instalment schedule, line by line

Every instalment AVENEW Development publishes for Avenew 888 - Modo, in order, with the charges listed alongside the plan.

Payment Plan

Published by AVENEW Development

Stage	Instalment	Share	On AED 1,633,020
On booking10%	DLD Feefee	4%	AED 65,321
	Admin Feefee	fixed	AED 3,500
	On Booking	10%	AED 163,302
During construction40%	1st Installment to 4th Installment	4 × 10%	AED 163,302 each
Upon Handover	as published	50%	AED 816,510
Total of the plan		100%	AED 1,633,020

Lines marked fee (DLD Fee, Admin Fee) are charges the developer lists alongside the plan. They are paid on top of the price and are not part of the percentages above.

Instalments and charges as published by AVENEW Development; the dirham column applies each percentage to the published starting price of AED 1,633,020. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Avenew 888 - Modo

The same plan, applied to the starting price AVENEW Development publishes for each size in the building.

Unit	From	On booking (10%)	During construction (40%)	Upon Handover (50%)
2 bedfrom 1,261 sq ft	AED 1,633,020	AED 163,302	AED 653,208	AED 816,510
3 bedfrom 1,261 sq ft	AED 1,864,560	AED 186,456	AED 745,824	AED 932,280

Starting price per size as published by AVENEW Development; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Avenew 888 - Modo

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to AVENEW Development and not to EZRE, and it sits outside the payment plan above. Administration, trustee and any developer charges are separate and are not shown here.

Unit	From	Land Department 4%
2 bed	AED 1,633,020	AED 65,321
3 bed	AED 1,864,560	AED 74,582

4% applied to each published starting price. The rate is the Dubai Land Department’s published registration fee and is not a figure from the register.

Everything else on Avenew 888 - Modo

Avenew 888 - Modo payment plan: questions buyers ask

What is the payment plan for Avenew 888 - Modo?: Avenew 888 - Modo by AVENEW Development is sold on a 10/40/50 plan: 10% on booking, 40% during construction, 50% upon handover, as published by the developer.
How much is the booking amount for Avenew 888 - Modo?: 10% of the price. On the cheapest unit at AED 1.6M that is AED 163,302.
How much do I pay before I get the keys to Avenew 888 - Modo?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.6M that is AED 1.6M by handover in Q1 2028.
Does Avenew 888 - Modo have a post-handover payment plan?: No. The published plan completes at handover in Q1 2028.
What are the registration fees on Avenew 888 - Modo?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.6M that is AED 65,321. It is paid to the Land Department, not to EZRE, and it sits outside the developer's payment plan. Administration, trustee and any developer charges are separate.
When is the handover of Avenew 888 - Modo?: AVENEW Development publishes Q1 2028, which is 18 months from now.