Richmind Development · Al Marjan Island · handover Q2 2029
Oystra payment plan
Oystra by Richmind Development in Al Marjan Island, Ras Al Khaimah is sold on a 10/40/50 payment plan. On the cheapest unit, starting from AED 2.7M, that is AED 2.7M (100%) paid by handover in Q2 2029. Handover is 33 months away.
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- BrochurePDF
- Floor plansPDF
The Oystra payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 10% |
| During construction | 40% |
| Upon Handover | 50% |
On the cheapest unit (1–3 BR, AED 2.7M)
| On booking | AED 273,989 |
| During construction | AED 1,095,955 |
| Upon Handover | AED 1,369,944 |
| Total (100%) | AED 2,739,888 |
| Months to handover | 33 |
Percentages as published by Richmind Development. Dirham figures are those percentages applied to the published starting price of AED 2,739,888. Registration and other fees are not included.
The Oystra instalment schedule, line by line
Richmind Development publishes 3 payment plans for Oystra. Each is shown as published, with every instalment and the charges listed alongside it.
Plan 1 of 3: Payment Plan 50/50
Published by Richmind Development
| Stage | Instalment | Share | On AED 2,739,888 |
|---|---|---|---|
| On booking10% | On booking | 10% | AED 273,989 |
| RAK Municipality Feesfee | fixed | AED 3,000 | |
| Admin Feefee | fixed | AED 5,000 | |
| During construction40% | 1st Installment | 10% | AED 273,989 |
| 2nd Installment to 7th Installment | 6 × 5% | AED 136,994 each | |
| Upon Handover50% | Upon Handover | 50% | AED 1,369,944 |
| Registration Fee of RAKMfee | 4% | AED 109,596 | |
| Total of the plan | 100% | AED 2,739,888 | |
Lines marked fee (RAK Municipality Fees, Admin Fee, Registration Fee of RAKM) 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 3: Payment Plan 60/40
Published by Richmind Development
| Stage | Instalment | Share | On AED 2,739,888 |
|---|---|---|---|
| On booking10% | On booking | 10% | AED 273,989 |
| RAK Municipality Feesfee | fixed | AED 3,000 | |
| Admin Feefee | fixed | AED 5,000 | |
| During construction50% | 1st Installment | 10% | AED 273,989 |
| 2nd Installment | 5% | AED 136,994 | |
| 3rd Installment | 10% | AED 273,989 | |
| 4th Installment to 8th Installment | 5 × 5% | AED 136,994 each | |
| Upon Handover40% | Upon Handover | 40% | AED 1,095,955 |
| Registration Fee of RAKMfee | 4% | AED 109,596 | |
| Total of the plan | 100% | AED 2,739,888 | |
Lines marked fee (RAK Municipality Fees, Admin Fee, Registration Fee of RAKM) 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 3 of 3: Payment Plan 70/30
Published by Richmind Development
| Stage | Instalment | Share | On AED 2,739,888 |
|---|---|---|---|
| On booking10% | On booking | 10% | AED 273,989 |
| RAK Municipality Feesfee | fixed | AED 3,000 | |
| Admin Feefee | fixed | AED 5,000 | |
| During construction60% | 1st Installment | 10% | AED 273,989 |
| 2nd Installment | 5% | AED 136,994 | |
| 3rd Installment | 10% | AED 273,989 | |
| 4th Installment | 5% | AED 136,994 | |
| 5th Installment | 10% | AED 273,989 | |
| 6th Installment | 5% | AED 136,994 | |
| 7th Installment | 10% | AED 273,989 | |
| 8th Installment | 5% | AED 136,994 | |
| Upon Handover30% | Upon Handover | 30% | AED 821,966 |
| Registration Fee of RAKMfee | 4% | AED 109,596 | |
| Total of the plan | 100% | AED 2,739,888 | |
Lines marked fee (RAK Municipality Fees, Admin Fee, Registration Fee of RAKM) 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 Richmind Development; the dirham column applies each percentage to the published starting price of AED 2,739,888. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Oystra
The same plan, applied to the starting price Richmind Development publishes for each size in the building.
| Unit | From | On booking (10%) | During construction (40%) | Upon Handover (50%) |
|---|---|---|---|---|
| 1 bedfrom 765 sq ft | AED 2,739,888 | AED 273,989 | AED 1,095,955 | AED 1,369,944 |
| 2 bedfrom 1,184 sq ft | AED 4,108,888 | AED 410,889 | AED 1,643,555 | AED 2,054,444 |
| 3 bedfrom 1,963 sq ft | AED 7,094,888 | AED 709,489 | AED 2,837,955 | AED 3,547,444 |
Starting price per size as published by Richmind Development; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Oystra
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Richmind 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 2,739,888 | AED 109,596 |
| 2 bed | AED 4,108,888 | AED 164,356 |
| 3 bed | AED 7,094,888 | AED 283,796 |
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 Oystra
Oystra payment plan: questions buyers ask
- What is the payment plan for Oystra?
- Oystra by Richmind Development is sold on a 10/40/50 plan: 10% on booking, 40% during construction, 50% upon handover, as published by the developer.
- How much is the booking amount for Oystra?
- 10% of the price. On the cheapest unit at AED 2.7M that is AED 273,989.
- How much do I pay before I get the keys to Oystra?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 2.7M that is AED 2.7M by handover in Q2 2029.
- Does Oystra have a post-handover payment plan?
- No. The published plan completes at handover in Q2 2029.
- What are the registration fees on Oystra?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 2.7M that is AED 109,596. 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 Oystra?
- Richmind Development publishes Q2 2029, which is 33 months from now.
Payment plans in Al Marjan Island
starting from
AED 2.7M
handover Q2 2029