What is the payment plan for Gianfranco Ferre Residences?

Gianfranco Ferre Residences by Mira Developments is sold on a 10/35/5, 50% post-handover plan: 10% on booking, 35% during construction, 5% upon handover, 50% post handover, as published by the developer.

How much is the booking amount for Gianfranco Ferre Residences?

10% of the price. On the cheapest unit at AED 1.6M that is AED 161,300.

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

50% of the price, the payment due on handover day included. On the cheapest unit at AED 1.6M that is AED 807K by handover in Q1 2028.

Does Gianfranco Ferre Residences have a post-handover payment plan?

Yes. 50% (AED 807K on the cheapest unit) is paid after handover.

What are the registration fees on Gianfranco Ferre Residences?

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 64,520. 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 Gianfranco Ferre Residences?

Mira Developments publishes Q1 2028, which is 18 months from now.

Mira Developments · Al Marjan Island · handover Q1 2028

Gianfranco Ferre Residences payment plan

Gianfranco Ferre Residences by Mira Developments in Al Marjan Island, Ras Al Khaimah is sold on a 10/35/5, 50% post-handover payment plan. On the cheapest unit, starting from AED 1.6M, that is AED 807K (50%) paid by handover in Q1 2028 and AED 807K (50%) after the keys. Handover is 18 months away.

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The Gianfranco Ferre Residences payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On booking	10%
During construction	35%
Upon Handover	5%
Post Handover	50%

On the cheapest unit (Studio–4 BR, AED 1.6M)

On booking	AED 161,300
During construction	AED 564,550
Upon Handover	AED 80,650
Post Handover	AED 806,500
Paid by handover (50%)	AED 806,500
Months to handover	18
After handover (50%)	AED 806,500

Percentages as published by Mira Developments. Dirham figures are those percentages applied to the published starting price of AED 1,613,000. Registration and other fees are not included.

The Gianfranco Ferre Residences instalment schedule, line by line

Every instalment Mira Developments publishes for Gianfranco Ferre Residences, in order, with the charges listed alongside the plan.

Payment Plan 45/55

Published by Mira Developments

Stage	Instalment	Share	On AED 1,613,000
On booking10%	Admin Feefee	fixed	AED 3,250
	DLD Feefee	4%	AED 64,520
	On Booking	10%	AED 161,300
During construction35%	1st Installment to 3rd Installment	3 × 10%	AED 161,300 each
	4th Installment	5%	AED 80,650
Upon Handover	as published	5%	AED 80,650
Post Handover	as published	50%	AED 806,500
Total of the plan		100%	AED 1,613,000

Lines marked fee (Admin 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 Mira Developments; the dirham column applies each percentage to the published starting price of AED 1,613,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Gianfranco Ferre Residences

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

Unit	From	On booking (10%)	During construction (35%)	Upon Handover (5%)	Post Handover (50%)
Studiofrom 443 sq ft	AED 1,613,000	AED 161,300	AED 564,550	AED 80,650	AED 806,500
1 bedfrom 850 sq ft	AED 2,593,000	AED 259,300	AED 907,550	AED 129,650	AED 1,296,500
2 bedfrom 452 sq ft	AED 1,712,000	AED 171,200	AED 599,200	AED 85,600	AED 856,000
3 bedfrom 2,371 sq ft	AED 7,366,000	AED 736,600	AED 2,578,100	AED 368,300	AED 3,683,000
4 bedfrom 5,157 sq ft	AED 14,460,000	AED 1,446,000	AED 5,061,000	AED 723,000	AED 7,230,000

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

What it costs to register Gianfranco Ferre Residences

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Mira Developments 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%
Studio	AED 1,613,000	AED 64,520
1 bed	AED 2,593,000	AED 103,720
2 bed	AED 1,712,000	AED 68,480
3 bed	AED 7,366,000	AED 294,640
4 bed	AED 14,460,000	AED 578,400

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 Gianfranco Ferre Residences

Gianfranco Ferre Residences payment plan: questions buyers ask

What is the payment plan for Gianfranco Ferre Residences?: Gianfranco Ferre Residences by Mira Developments is sold on a 10/35/5, 50% post-handover plan: 10% on booking, 35% during construction, 5% upon handover, 50% post handover, as published by the developer.
How much is the booking amount for Gianfranco Ferre Residences?: 10% of the price. On the cheapest unit at AED 1.6M that is AED 161,300.
How much do I pay before I get the keys to Gianfranco Ferre Residences?: 50% of the price, the payment due on handover day included. On the cheapest unit at AED 1.6M that is AED 807K by handover in Q1 2028.
Does Gianfranco Ferre Residences have a post-handover payment plan?: Yes. 50% (AED 807K on the cheapest unit) is paid after handover.
What are the registration fees on Gianfranco Ferre Residences?: 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 64,520. 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 Gianfranco Ferre Residences?: Mira Developments publishes Q1 2028, which is 18 months from now.