What is the payment plan for Sorrento?

Sorrento by Damac is sold on a 5/45/50 plan: 5% on booking, 45% during construction, 50% upon handover, as published by the developer.

How much is the booking amount for Sorrento?

5% of the price. On the cheapest unit at AED 672K that is AED 33,600.

How much do I pay before I get the keys to Sorrento?

100% of the price, the payment due on handover day included. On the cheapest unit at AED 672K that is AED 672K by handover in Q1 2030.

Does Sorrento have a post-handover payment plan?

No. The published plan completes at handover in Q1 2030. If you sell before handover, this is how it works.

What are the registration fees on Sorrento?

The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 672K that is AED 26,880. 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 Sorrento?

Damac publishes Q1 2030, which is 39 months from now.

Damac · Damac Lagoons · handover Q1 2030

Sorrento payment plan, price and handover

Sorrento by Damac in Damac Lagoons, Dubai is sold on a 5/45/50 payment plan. On the cheapest unit, starting from AED 672K, that is AED 672K (100%) paid by handover in Q1 2030. Handover is 39 months away.

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The Sorrento payment plan in dirhams

Payment plan as published by the developer

Stage	Share
On Booking	5%
During construction	45%
Upon Handover	50%

On the cheapest unit (Studio, 341 sqft, AED 672K)

On Booking	AED 33,600
During construction	AED 302,400
Upon Handover	AED 336,000
Total (100%)	AED 672,000
Months to handover	39

Percentages as published by Damac. Dirham figures are those percentages applied to the published starting price of AED 672,000. Registration and other fees are not included.

The Sorrento instalment schedule, line by line

Damac publishes 2 payment plans for Sorrento. Each is shown as published, with every instalment and the charges listed alongside it.

Plan 1 of 2: Payment Plan

Published by Damac

Stage	Instalment	Share	On AED 672,000
On Booking	as published	5%	AED 33,600
During construction45%	Within 30 days from booking	10%	AED 67,200
	0.25% per month with interim payments of 5%	35%	AED 235,200
Upon Handover	as published	50%	AED 336,000
Total of the plan		100%	AED 672,000

Plan 2 of 2: Tower B Launch 50/50

Published by Damac

Stage	Instalment	Share	On AED 672,000
Down payment15%	Down payment	15%	AED 100,800
	DLD fee	4%	AED 26,880
During construction	as published	35%	AED 235,200
On handover	as published	50%	AED 336,000
Total of the plan		100%	AED 672,000

Lines marked fee (DLD 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 Damac; the dirham column applies each percentage to the published starting price of AED 672,000. Fixed charges are printed as published. Registration with the Land Department is shown separately below.

What each unit size pays at Sorrento

The same plan, applied to the starting price Damac publishes for each size in the building.

Unit	From	On Booking (5%)	During construction (45%)	Upon Handover (50%)
Studiofrom 341 sq ft	AED 672,000	AED 33,600	AED 302,400	AED 336,000
1 bedfrom 723 sq ft	AED 1,262,000	AED 63,100	AED 567,900	AED 631,000

Starting price per size as published by Damac; each column is that size’s published starting price multiplied by the stage percentage above.

What it costs to register Sorrento

The Dubai Land Department charges 4% of the purchase price to register the sale. It is paid to the Land Department, not to Damac 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 672,000	AED 26,880
1 bed	AED 1,262,000	AED 50,480

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 Sorrento

Sorrento payment plan: questions buyers ask

What is the payment plan for Sorrento?: Sorrento by Damac is sold on a 5/45/50 plan: 5% on booking, 45% during construction, 50% upon handover, as published by the developer.
How much is the booking amount for Sorrento?: 5% of the price. On the cheapest unit at AED 672K that is AED 33,600.
How much do I pay before I get the keys to Sorrento?: 100% of the price, the payment due on handover day included. On the cheapest unit at AED 672K that is AED 672K by handover in Q1 2030.
Does Sorrento have a post-handover payment plan?: No. The published plan completes at handover in Q1 2030. If you sell before handover, this is how it works.
What are the registration fees on Sorrento?: The Dubai Land Department charges 4% of the purchase price to register the sale. On the cheapest unit at AED 672K that is AED 26,880. 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 Sorrento?: Damac publishes Q1 2030, which is 39 months from now.