Palladium Prime Real Estate Development · Dubai Internet City · handover Q3 2028
Magnolia payment plan, price and handover
Magnolia by Palladium Prime Real Estate Development in Dubai Internet City, Dubai is sold on a 30/30/40 payment plan. On the cheapest unit, starting from AED 1.16M, that is AED 1.16M (100%) paid by handover in Q3 2028. Handover is 23 months away.
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The Magnolia payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 30% |
| During construction | 30% |
| Upon Handover | 40% |
On the cheapest unit (entry unit, AED 1.16M)
| On booking | AED 348,000 |
| During construction | AED 348,000 |
| Upon Handover | AED 464,000 |
| Total (100%) | AED 1,160,000 |
| Months to handover | 23 |
Percentages as published by Palladium Prime Real Estate Development. Dirham figures are those percentages applied to the published starting price of AED 1,160,000. Registration and other fees are not included.
The Magnolia instalment schedule, line by line
Every instalment Palladium Prime Real Estate Development publishes for Magnolia, in order, with the charges listed alongside the plan.
Payment Plan 60/40
Published by Palladium Prime Real Estate Development
| Stage | Instalment | Share | On AED 1,160,000 |
|---|---|---|---|
| On booking30% | On booking | 10% | AED 116,000 |
| DLDfee | 4% | AED 46,400 | |
| Admin Fee | fixed | AED 5,000 | |
| 30 days from the booking date | 10% | AED 116,000 | |
| 60 days from the booking date | 10% | AED 116,000 | |
| During construction30% | Installment to Installment | 6 × 5% | AED 58,000 each |
| Upon Handover | as published | 40% | AED 464,000 |
| Total of the plan | 100% | AED 1,160,000 | |
Lines marked fee (DLD, Admin 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 Palladium Prime Real Estate Development; the dirham column applies each percentage to the published starting price of AED 1,160,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What it costs to register Magnolia
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Palladium Prime 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% |
|---|---|---|
| Entry unit | AED 1,160,000 | AED 46,400 |
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 Magnolia
Magnolia payment plan: questions buyers ask
- What is the payment plan for Magnolia?
- Magnolia by Palladium Prime Real Estate Development is sold on a 30/30/40 plan: 30% on booking, 30% during construction, 40% upon handover, as published by the developer.
- How much is the booking amount for Magnolia?
- 30% of the price. On the cheapest unit at AED 1.16M that is AED 348,000.
- How much do I pay before I get the keys to Magnolia?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 1.16M that is AED 1.16M by handover in Q3 2028.
- Does Magnolia have a post-handover payment plan?
- No. The published plan completes at handover in Q3 2028. If you sell before handover, this is how it works.
- What are the registration fees on Magnolia?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 1.16M that is AED 46,400. 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 Magnolia?
- Palladium Prime Real Estate Development publishes Q3 2028, which is 23 months from now.
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AED 1.16M
handover Q3 2028