Damac · Damac Islands · handover Q2 2030
Damac Islands 2 - Barbados 2 payment plan
Damac Islands 2 - Barbados 2 by Damac in Damac Islands, Dubai is sold on a 20/55/25 payment plan. On the cheapest unit, starting from AED 3.3M, that is AED 3.3M (100%) paid by handover in Q2 2030. Handover is 45 months away.
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The Damac Islands 2 - Barbados 2 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 (4–5 BR, AED 3.3M)
| On Booking | AED 665,800 |
| During Construction | AED 1,830,950 |
| On Completion | AED 832,250 |
| Total (100%) | AED 3,329,000 |
| Months to handover | 45 |
Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 3,329,000. Registration and other fees are not included.
The Damac Islands 2 - Barbados 2 instalment schedule, line by line
Damac publishes 2 payment plans for Damac Islands 2 - Barbados 2. Each is shown as published, with every instalment and the charges listed alongside it.
Plan 1 of 2: Payment Plan 75/25
Published by Damac
| Stage | Instalment | Share | On AED 3,329,000 |
|---|---|---|---|
| On Booking20% | On Booking | 20% | AED 665,800 |
| DLD Feefee | 4% | AED 133,160 | |
| During Construction55% | 5% (1% per month) From 3 to 7 months after booking | 5% | AED 166,450 |
| 8th months after booking | 3% | AED 99,870 | |
| 5% (1% per month) From 9 to 13 months after booking | 5% | AED 166,450 | |
| 14th months after booking | 3% | AED 99,870 | |
| 5% (1% per month) From 15 to 19 months after booking | 5% | AED 166,450 | |
| 20th months after booking | 3% | AED 99,870 | |
| 5% (1% per month) From 21 to 25 months after booking | 5% | AED 166,450 | |
| 26th months after booking | 3% | AED 99,870 | |
| 5% (1% per month) From 27 to 31 months after booking | 5% | AED 166,450 | |
| 32nd months after booking | 3% | AED 99,870 | |
| 5% (1% per month) From 33 to 37 months after booking | 5% | AED 166,450 | |
| 38th months after booking | 3% | AED 99,870 | |
| 7% (1% per month) From 39 to 45 months after booking | 7% | AED 233,030 | |
| On Completion | as published | 25% | AED 832,250 |
| Total of the plan | 100% | AED 3,329,000 | |
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 3,329,000 |
|---|---|---|---|
| On booking16% | On booking | 16% | AED 532,640 |
| DLD feefee | 4% | AED 133,160 | |
| During Comstruction34% | 3 months after booking | 2% | AED 66,580 |
| 0.75% monthly From 4 to 17 months after booking | 9.75% | AED 324,578 | |
| 18 months after booking | 1.5% | AED 49,935 | |
| 0.75% monthly From 19 to 29 months after booking | 8.25% | AED 274,643 | |
| 30 months after booking | 1.5% | AED 49,935 | |
| 0.75% monthly From 31 to 41 months after booking | 8.25% | AED 274,643 | |
| 42 months after booking | 1.25% | AED 41,613 | |
| 0.75% monthly 43, 44 months after booking | 1.5% | AED 49,935 | |
| On Handover | as published | 50% | AED 1,664,500 |
| Total of the plan | 100% | AED 3,329,000 | |
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 3,329,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Damac Islands 2 - Barbados 2
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%) |
|---|---|---|---|---|
| 4 bedfrom 2,186 sq ft | AED 3,329,000 | AED 665,800 | AED 1,830,950 | AED 832,250 |
| 5 bedfrom 2,829 sq ft | AED 3,559,000 | AED 711,800 | AED 1,957,450 | AED 889,750 |
| 5 bedfrom 3,158 sq ft | AED 4,004,000 | AED 800,800 | AED 2,202,200 | AED 1,001,000 |
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 - Barbados 2
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% |
|---|---|---|
| 4 bed | AED 3,329,000 | AED 133,160 |
| 5 bed | AED 3,559,000 | AED 142,360 |
| 5 bed | AED 4,004,000 | AED 160,160 |
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 - Barbados 2
Damac Islands 2 - Barbados 2 payment plan: questions buyers ask
- What is the payment plan for Damac Islands 2 - Barbados 2?
- Damac Islands 2 - Barbados 2 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 - Barbados 2?
- 20% of the price. On the cheapest unit at AED 3.3M that is AED 665,800.
- How much do I pay before I get the keys to Damac Islands 2 - Barbados 2?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 3.3M that is AED 3.3M by handover in Q2 2030.
- Does Damac Islands 2 - Barbados 2 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 - Barbados 2?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 3.3M that is AED 133,160. 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 - Barbados 2?
- Damac publishes Q2 2030, which is 45 months from now.
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AED 3.3M
handover Q2 2030