Swank Development · Wadi Al Safa 3 · handover Q2 2027
Selora Residences payment plan
Selora Residences by Swank Development in Wadi Al Safa 3, Dubai is sold on a 20/15/65 payment plan. On the cheapest unit, starting from AED 9.6M, that is AED 9.6M (100%) paid by handover in Q2 2027. Handover is 9 months away.
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- BrochurePDF
- Floor plansPDF
The Selora Residences payment plan in dirhams
Payment plan as published by the developer
| Stage | Share |
|---|---|
| On booking | 20% |
| During construction | 15% |
| Upon Handover | 65% |
On the cheapest unit (4.5–6.5 BR, AED 9.6M)
| On booking | AED 1,920,000 |
| During construction | AED 1,440,000 |
| Upon Handover | AED 6,240,000 |
| Total (100%) | AED 9,600,000 |
| Months to handover | 9 |
Percentages as published by Swank Development. Dirham figures are those percentages applied to the published starting price of AED 9,600,000. Registration and other fees are not included.
The Selora Residences instalment schedule, line by line
Swank Development publishes 2 payment plans for Selora Residences. Each is shown as published, with every instalment and the charges listed alongside it.
Plan 1 of 2: Payment Plan
Published by Swank Development
| Stage | Instalment | Share | On AED 9,600,000 |
|---|---|---|---|
| On booking20% | On booking | 20% | AED 1,920,000 |
| DLD Feefee | 4% | AED 384,000 | |
| Admin Feefee | fixed | AED 5,250 | |
| During construction15% | 1st Installment to 3rd Installment | 3 × 5% | AED 480,000 each |
| Upon Handover | as published | 65% | AED 6,240,000 |
| Total of the plan | 100% | AED 9,600,000 | |
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.
Plan 2 of 2: Payment Plan 2
Published by Swank Development
| Stage | Instalment | Share | On AED 9,600,000 |
|---|---|---|---|
| On Booking10% | On Booking | 10% | AED 960,000 |
| DLD Feefee | 4% | AED 384,000 | |
| Admin Feefee | fixed | AED 5,250 | |
| During Construction15% | 1st Installment to 3rd Installment | 3 × 5% | AED 480,000 each |
| On completion | as published | 75% | AED 7,200,000 |
| Total of the plan | 100% | AED 9,600,000 | |
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 Swank Development; the dirham column applies each percentage to the published starting price of AED 9,600,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.
What each unit size pays at Selora Residences
The same plan, applied to the starting price Swank Development publishes for each size in the building.
| Unit | From | On booking (20%) | During construction (15%) | Upon Handover (65%) |
|---|---|---|---|---|
| 4.5 bedfrom 4,667 sq ft | AED 9,600,000 | AED 1,920,000 | AED 1,440,000 | AED 6,240,000 |
| 5 bedfrom 5,543 sq ft | AED 12,577,777 | AED 2,515,555 | AED 1,886,667 | AED 8,175,555 |
| 5.5 bedfrom 5,543 sq ft | AED 14,500,000 | AED 2,900,000 | AED 2,175,000 | AED 9,425,000 |
| 6.5 bedfrom 8,800 sq ft | AED 21,500,000 | AED 4,300,000 | AED 3,225,000 | AED 13,975,000 |
Starting price per size as published by Swank Development; each column is that size’s published starting price multiplied by the stage percentage above.
What it costs to register Selora Residences
The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Swank 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% |
|---|---|---|
| 4.5 bed | AED 9,600,000 | AED 384,000 |
| 5 bed | AED 12,577,777 | AED 503,111 |
| 5.5 bed | AED 14,500,000 | AED 580,000 |
| 6.5 bed | AED 21,500,000 | AED 860,000 |
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 Selora Residences
Selora Residences payment plan: questions buyers ask
- What is the payment plan for Selora Residences?
- Selora Residences by Swank Development is sold on a 20/15/65 plan: 20% on booking, 15% during construction, 65% upon handover, as published by the developer.
- How much is the booking amount for Selora Residences?
- 20% of the price. On the cheapest unit at AED 9.6M that is AED 1,920,000.
- How much do I pay before I get the keys to Selora Residences?
- 100% of the price, the payment due on handover day included. On the cheapest unit at AED 9.6M that is AED 9.6M by handover in Q2 2027.
- Does Selora Residences have a post-handover payment plan?
- No. The published plan completes at handover in Q2 2027.
- What are the registration fees on Selora Residences?
- The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 9.6M that is AED 384,000. 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 Selora Residences?
- Swank Development publishes Q2 2027, which is 9 months from now.
Payment plans in Wadi Al Safa 3
starting from
AED 9.6M
handover Q2 2027