Meraki · Dubai Production City · handover Q4 2028
Nirvana Residences 1 payment plan
Nirvana Residences 1 by Meraki in Dubai Production City, Dubai is sold on a 15/25/60 payment plan. On the cheapest unit, starting from AED 704K, that is AED 704K (100%) paid by handover in Q4 2028. Handover is 27 months away.
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- BrochurePDF
- Floor plansPDF
The Nirvana Residences 1 payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 15% |
| During construction | 25% |
| Upon Handover | 60% |
On the cheapest unit (Studio–2.5 BR, AED 704K)
| On booking | AED 105,525 |
| During construction | AED 175,875 |
| Upon Handover | AED 422,100 |
| Total (100%) | AED 703,500 |
| Months to handover | 27 |
Percentages as published by Meraki. Dirham figures are those percentages applied to the published starting price of AED 703,500. Registration and other fees are not included.
The Nirvana Residences 1 instalment schedule, line by line
Every instalment Meraki publishes for Nirvana Residences 1, in order, with the charges listed alongside the plan.
Payment Plan 40/60
Published by Meraki
| Stage | Instalment | Share | On AED 703,500 |
|---|---|---|---|
| On booking15% | DLD Feefee | 4% | AED 28,140 |
| Admin Feefee | fixed | AED 3,000 | |
| On Booking | 15% | AED 105,525 | |
| During construction25% | 1st Installment | 5% | AED 35,175 |
| 2nd Installment to 21st Installment | 20 × 1% | AED 7,035 each | |
| Upon Handover | as published | 60% | AED 422,100 |
| Total of the plan | 100% | AED 703,500 | |
Lines marked fee (DLD Fee, 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 Meraki; the dirham column applies each percentage to the published starting price of AED 703,500. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Nirvana Residences 1
The same plan, applied to the starting price Meraki publishes for each size in the building.
| Unit | From | On booking (15%) | During construction (25%) | Upon Handover (60%) |
|---|---|---|---|---|
| Studiofrom 446 sq ft | AED 779,236 | AED 116,885 | AED 194,809 | AED 467,542 |
| Studiofrom 405 sq ft | AED 703,500 | AED 105,525 | AED 175,875 | AED 422,100 |
| 1 bedfrom 733 sq ft | AED 1,208,088 | AED 181,213 | AED 302,022 | AED 724,853 |
| 2 bedfrom 1,215 sq ft | AED 1,699,288 | AED 254,893 | AED 424,822 | AED 1,019,573 |
| 2.5 bedfrom 1,215 sq ft | AED 1,699,288 | AED 254,893 | AED 424,822 | AED 1,019,573 |
Starting price per size as published by Meraki; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Nirvana Residences 1
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Meraki 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 779,236 | AED 31,169 |
| Studio | AED 703,500 | AED 28,140 |
| 1 bed | AED 1,208,088 | AED 48,324 |
| 2 bed | AED 1,699,288 | AED 67,972 |
| 2.5 bed | AED 1,699,288 | AED 67,972 |
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 Nirvana Residences 1
Nirvana Residences 1 payment plan: questions buyers ask
- What is the payment plan for Nirvana Residences 1?
- Nirvana Residences 1 by Meraki is sold on a 15/25/60 plan: 15% on booking, 25% during construction, 60% upon handover, as published by the developer.
- How much is the booking amount for Nirvana Residences 1?
- 15% of the price. On the cheapest unit at AED 704K that is AED 105,525.
- How much do I pay before I get the keys to Nirvana Residences 1?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 704K that is AED 704K by handover in Q4 2028.
- Does Nirvana Residences 1 have a post-handover payment plan?
- No. The published plan completes at handover in Q4 2028.
- What are the registration fees on Nirvana Residences 1?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 704K that is AED 28,140. 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 Nirvana Residences 1?
- Meraki publishes Q4 2028, which is 27 months from now.
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AED 704K
handover Q4 2028