What is the payment plan for Cheval Residences?

Cheval Residences 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 Cheval Residences?

10% of the price. On the cheapest unit at AED 2.8M that is AED 281,900.

How much do I pay before I get the keys to Cheval Residences?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.8M that is AED 2.8M by handover in Q1 2029.

Does Cheval Residences have a post-handover payment plan?

No. The published plan completes at handover in Q1 2029.

What are the registration fees on Cheval Residences?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.8M that is AED 112,760. 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 Cheval Residences?

AVENEW Development publishes Q1 2029, which is 30 months from now.

AVENEW Development · Dubai Islands · handover Q1 2029

Cheval Residences payment plan

Cheval Residences by AVENEW Development in Dubai Islands, Dubai is sold on a 10/40/50 payment plan. On the cheapest unit, starting from AED 2.8M, that is AED 2.8M (100%) paid by handover in Q1 2029. Handover is 30 months away.

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The Cheval Residences 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 (1–3 BR, AED 2.8M)

On booking	AED 281,900
During construction	AED 1,127,600
Upon Handover	AED 1,409,500
Total (100%)	AED 2,819,000
Months to handover	30

Percentages as published by AVENEW Development. Dirham figures are those percentages applied to the published starting price of AED 2,819,000. Registration and other fees are not included.

The Cheval Residences instalment schedule, line by line

Every instalment AVENEW Development publishes for Cheval Residences, in order, with the charges listed alongside the plan.

Payment Plan

Published by AVENEW Development

Stage	Instalment	Share	On AED 2,819,000
On booking10%	TAXfee	5%	AED 140,950
	DLD Feefee	4%	AED 112,760
	OQOOOD Feefee	fixed	AED 3,500
	On Booking	10%	AED 281,900
During construction40%	1st Installment	10%	AED 281,900
	2nd Installment to 5th Installment	4 × 5%	AED 140,950 each
	6th Installment	10%	AED 281,900
Upon Handover	as published	50%	AED 1,409,500
Total of the plan		100%	AED 2,819,000

Lines marked fee (TAX, DLD Fee, OQOOOD 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 2,819,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Cheval Residences

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%)
1 bedfrom 763 sq ft	AED 2,819,000	AED 281,900	AED 1,127,600	AED 1,409,500
2 bedfrom 1,156 sq ft	AED 5,051,000	AED 505,100	AED 2,020,400	AED 2,525,500
3 bedfrom 1,941 sq ft	AED 8,251,000	AED 825,100	AED 3,300,400	AED 4,125,500

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 Cheval Residences

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%
1 bed	AED 2,819,000	AED 112,760
2 bed	AED 5,051,000	AED 202,040
3 bed	AED 8,251,000	AED 330,040

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 Cheval Residences

Cheval Residences payment plan: questions buyers ask

What is the payment plan for Cheval Residences?: Cheval Residences 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 Cheval Residences?: 10% of the price. On the cheapest unit at AED 2.8M that is AED 281,900.
How much do I pay before I get the keys to Cheval Residences?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.8M that is AED 2.8M by handover in Q1 2029.
Does Cheval Residences have a post-handover payment plan?: No. The published plan completes at handover in Q1 2029.
What are the registration fees on Cheval Residences?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.8M that is AED 112,760. 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 Cheval Residences?: AVENEW Development publishes Q1 2029, which is 30 months from now.