Nakheel · Elite Island · handover Q1 2031
Bay Estate payment plan, price and handover
Bay Estate by Nakheel in Elite Island, Dubai is sold on a 20/80 payment plan. On the cheapest unit, starting from AED 5.9M, that is AED 5.9M (100%) paid by handover in Q1 2031. Handover is 52 months away.
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The Bay Estate payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 20% |
| During construction | 80% |
On the cheapest unit (3 BR, 3,055 sqft, AED 5.9M)
| On booking | AED 1,180,000 |
| During construction | AED 4,720,000 |
| Total (100%) | AED 5,900,000 |
| Months to handover | 52 |
Percentages as published by Nakheel. Dirham figures are those percentages applied to the published starting price of AED 5,900,000. Registration and other fees are not included.
The Bay Estate instalment schedule, line by line
Every instalment Nakheel publishes for Bay Estate, in order, with the charges listed alongside the plan.
Payment Plan for Plots
Published by Nakheel
| Stage | Instalment | Share | On AED 5,900,000 |
|---|---|---|---|
| On booking | as published | 20% | AED 1,180,000 |
| During construction80% | 1st Installment | 15% | AED 885,000 |
| 2nd Installment to 6th Installment | 5 × 13% | AED 767,000 each | |
| Total of the plan | 100% | AED 5,900,000 | |
Instalments and charges as published by Nakheel; the dirham column applies each percentage to the published starting price of AED 5,900,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Bay Estate
The same plan, applied to the starting price Nakheel publishes for each size in the building.
| Unit | From | On booking (20%) | During construction (80%) |
|---|---|---|---|
| Plotfrom 7,820 sq ft | AED 16,863,000 | AED 3,372,600 | AED 13,490,400 |
| 3 bedfrom 3,055 sq ft | AED 5,900,000 | AED 1,180,000 | AED 4,720,000 |
| 4 bedfrom 3,513 sq ft | AED 6,900,000 | AED 1,380,000 | AED 5,520,000 |
| 4 bedfrom 3,688 sq ft | AED 7,200,000 | AED 1,440,000 | AED 5,760,000 |
Starting price per size as published by Nakheel; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Bay Estate
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Nakheel 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% |
|---|---|---|
| Plot | AED 16,863,000 | AED 674,520 |
| 3 bed | AED 5,900,000 | AED 236,000 |
| 4 bed | AED 6,900,000 | AED 276,000 |
| 4 bed | AED 7,200,000 | AED 288,000 |
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 Bay Estate
Bay Estate payment plan: questions buyers ask
- What is the payment plan for Bay Estate?
- Bay Estate by Nakheel is sold on a 20/80 plan: 20% on booking, 80% during construction, as published by the developer.
- How much is the booking amount for Bay Estate?
- 20% of the price. On the cheapest unit at AED 5.9M that is AED 1,180,000.
- How much do I pay before I get the keys to Bay Estate?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 5.9M that is AED 5.9M by handover in Q1 2031.
- Does Bay Estate have a post-handover payment plan?
- No. The published plan completes at handover in Q1 2031. If you sell before handover, this is how it works.
- What are the registration fees on Bay Estate?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 5.9M that is AED 236,000. 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 Bay Estate?
- Nakheel publishes Q1 2031, which is 52 months from now.
Nakheel payment plans
Other Nakheel payment plans
starting from
AED 5.9M
handover Q1 2031