Castor Real Estate Development · Al Shamkhah · handover Q4 2027
ICONA Residence payment plan
ICONA Residence by Castor Real Estate Development in Al Shamkhah, Abu Dhabi is sold on a 10/20/70 payment plan. On the cheapest unit, starting from AED 950K, that is AED 950K (100%) paid by handover in Q4 2027. Handover is 15 months away.
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- BrochurePDF
- Floor plansPDF
The ICONA Residence payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 10% |
| During construction | 20% |
| Upon Handover | 70% |
On the cheapest unit (1–2.5 BR, AED 950K)
| On booking | AED 95,000 |
| During construction | AED 190,000 |
| Upon Handover | AED 665,000 |
| Total (100%) | AED 950,000 |
| Months to handover | 15 |
Percentages as published by Castor Real Estate Development. Dirham figures are those percentages applied to the published starting price of AED 950,000. Registration and other fees are not included.
The ICONA Residence instalment schedule, line by line
Castor Real Estate Development publishes 2 payment plans for ICONA Residence. Each is shown as published, with every instalment and the charges listed alongside it.
Plan 1 of 2: Payment Plan 30/70
Published by Castor Real Estate Development
| Stage | Instalment | Share | On AED 950,000 |
|---|---|---|---|
| On booking | as published | 10% | AED 95,000 |
| During construction20% | 1st Installment to 4th Installment | 4 × 5% | AED 47,500 each |
| Upon Handover | as published | 70% | AED 665,000 |
| Total of the plan | 100% | AED 950,000 | |
Plan 2 of 2: Payment Plan 40/60
Published by Castor Real Estate Development
| Stage | Instalment | Share | On AED 950,000 |
|---|---|---|---|
| On booking | as published | 10% | AED 95,000 |
| During construction30% | 1st Installment to 2nd Installment | 2 × 5% | AED 47,500 each |
| 3rd Installment | 10% | AED 95,000 | |
| 4th Installment to 5th Installment | 2 × 5% | AED 47,500 each | |
| Upon Handover | as published | 60% | AED 570,000 |
| Total of the plan | 100% | AED 950,000 | |
Instalments and charges as published by Castor Real Estate Development; the dirham column applies each percentage to the published starting price of AED 950,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at ICONA Residence
The same plan, applied to the starting price Castor Real Estate Development publishes for each size in the building.
| Unit | From | On booking (10%) | During construction (20%) | Upon Handover (70%) |
|---|---|---|---|---|
| 1 bedfrom 875 sq ft | AED 950,000 | AED 95,000 | AED 190,000 | AED 665,000 |
| 1.5 bedfrom 1,204 sq ft | AED 1,290,000 | AED 129,000 | AED 258,000 | AED 903,000 |
| 2.5 bedfrom 1,358 sq ft | AED 1,469,863 | AED 146,986 | AED 293,973 | AED 1,028,904 |
Starting price per size as published by Castor Real Estate Development; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register ICONA Residence
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Castor Real Estate 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 950,000 | AED 38,000 |
| 1.5 bed | AED 1,290,000 | AED 51,600 |
| 2.5 bed | AED 1,469,863 | AED 58,795 |
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 ICONA Residence
ICONA Residence payment plan: questions buyers ask
- What is the payment plan for ICONA Residence?
- ICONA Residence by Castor Real Estate Development is sold on a 10/20/70 plan: 10% on booking, 20% during construction, 70% upon handover, as published by the developer.
- How much is the booking amount for ICONA Residence?
- 10% of the price. On the cheapest unit at AED 950K that is AED 95,000.
- How much do I pay before I get the keys to ICONA Residence?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 950K that is AED 950K by handover in Q4 2027.
- Does ICONA Residence have a post-handover payment plan?
- No. The published plan completes at handover in Q4 2027.
- What are the registration fees on ICONA Residence?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 950K that is AED 38,000. 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 ICONA Residence?
- Castor Real Estate Development publishes Q4 2027, which is 15 months from now.
starting from
AED 950K
handover Q4 2027