What is the payment plan for Damac Islands 2 - Bahamas 1?

Damac Islands 2 - Bahamas 1 by Damac is sold on a 20/55/25 plan: 20% on booking, 55% during construction, 25% on completion, as published by the developer.

How much is the booking amount for Damac Islands 2 - Bahamas 1?

20% of the price. On the cheapest unit at AED 4.0M that is AED 807,800.

How much do I pay before I get the keys to Damac Islands 2 - Bahamas 1?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 4.0M that is AED 4.0M by handover in Q2 2030.

Does Damac Islands 2 - Bahamas 1 have a post-handover payment plan?

No. The published plan completes at handover in Q2 2030.

What are the registration fees on Damac Islands 2 - Bahamas 1?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 4.0M that is AED 161,560. 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 Damac Islands 2 - Bahamas 1?

Damac publishes Q2 2030, which is 45 months from now.

Damac · Damac Islands · handover Q2 2030

Damac Islands 2 - Bahamas 1 payment plan

Damac Islands 2 - Bahamas 1 by Damac in Damac Islands, Dubai is sold on a 20/55/25 payment plan. On the cheapest unit, starting from AED 4.0M, that is AED 4.0M (100%) paid by handover in Q2 2030. Handover is 45 months away.

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The Damac Islands 2 - Bahamas 1 payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On Booking	20%
During Construction	55%
On Completion	25%

On the cheapest unit (5 BR, AED 4.0M)

On Booking	AED 807,800
During Construction	AED 2,221,450
On Completion	AED 1,009,750
Total (100%)	AED 4,039,000
Months to handover	45

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 4,039,000. Registration and other fees are not included.

The Damac Islands 2 - Bahamas 1 instalment schedule, line by line

Damac publishes 2 payment plans for Damac Islands 2 - Bahamas 1. Each is shown as published, with every instalment and the charges listed alongside it.

Plan 1 of 2: Payment Plan

Published by Damac

Stage	Instalment	Share	On AED 4,039,000
On Booking20%	On Booking	20%	AED 807,800
	DLD Feefee	4%	AED 161,560
During Construction55%	5% (1% per month) From 3 to 7 months after booking	5%	AED 201,950
	8 months after booking	3%	AED 121,170
	5% (1% per month) From 9 to 13 months after booking	5%	AED 201,950
	14 months after booking	3%	AED 121,170
	5% (1% per month) From 15 to 19 months after booking	5%	AED 201,950
	20 months after booking	3%	AED 121,170
	5% (1% per month) From 21 to 25 months after booking	5%	AED 201,950
	26 months after booking	3%	AED 121,170
	5% (1% per month) From 27 to 31 months after booking	5%	AED 201,950
	32nd months after booking	3%	AED 121,170
	5% (1% per month) From 33 to 37 months after booking	5%	AED 201,950
	38th months after booking	3%	AED 121,170
	7% (1% per month) From 39 to 45 months after booking	7%	AED 282,730
On Completion	as published	25%	AED 1,009,750
Total of the plan		100%	AED 4,039,000

Lines marked fee (DLD 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.

Plan 2 of 2: Payment Plan 2 (for selected 5-Bedroom Townhouses)

Published by Damac

Stage	Instalment	Share	On AED 4,039,000
On booking16%	On booking	16%	AED 646,240
	DLD feefee	4%	AED 161,560
During Construction34%	3 months after booking 2	2%	AED 80,780
	0.75% monthly From 4 to 17 months after booking	9.75%	AED 393,803
	18 months after booking	1.5%	AED 60,585
	0.75% monthly From 19 to 29 months after booking	8.25%	AED 333,218
	30 months after booking	1.5%	AED 60,585
	0.75% monthly From 31 to 41 months after booking	8.25%	AED 333,218
	42 months after booking	1.25%	AED 50,488
	0.75% monthly 43, 44 months after booking	1.5%	AED 60,585
On Handover	as published	50%	AED 2,019,500
Total of the plan		100%	AED 4,039,000

Lines marked fee (DLD 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 Damac; the dirham column applies each percentage to the published starting price of AED 4,039,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Damac Islands 2 - Bahamas 1

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

Unit	From	On Booking (20%)	During Construction (55%)	On Completion (25%)
5 bedfrom 3,158 sq ft	AED 4,039,000	AED 807,800	AED 2,221,450	AED 1,009,750
5 bedfrom 3,158 sq ft	AED 4,039,000	AED 807,800	AED 2,221,450	AED 1,009,750

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

What it costs to register Damac Islands 2 - Bahamas 1

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac 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%
5 bed	AED 4,039,000	AED 161,560
5 bed	AED 4,039,000	AED 161,560

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 Damac Islands 2 - Bahamas 1

Damac Islands 2 - Bahamas 1 payment plan: questions buyers ask

What is the payment plan for Damac Islands 2 - Bahamas 1?: Damac Islands 2 - Bahamas 1 by Damac is sold on a 20/55/25 plan: 20% on booking, 55% during construction, 25% on completion, as published by the developer.
How much is the booking amount for Damac Islands 2 - Bahamas 1?: 20% of the price. On the cheapest unit at AED 4.0M that is AED 807,800.
How much do I pay before I get the keys to Damac Islands 2 - Bahamas 1?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 4.0M that is AED 4.0M by handover in Q2 2030.
Does Damac Islands 2 - Bahamas 1 have a post-handover payment plan?: No. The published plan completes at handover in Q2 2030.
What are the registration fees on Damac Islands 2 - Bahamas 1?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 4.0M that is AED 161,560. 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 Damac Islands 2 - Bahamas 1?: Damac publishes Q2 2030, which is 45 months from now.