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Payment Plan Type: 50/50 Milestone-Based Construction Linked Plan. 20% secures the unit, 30% during construction, 50% at Q1 2029 handover. The 50% on completion can be mortgage-financed including for non-residents.
On Booking: 20% down payment
During Construction: 30% in milestone-based instalments tied to verified construction progress
On Handover: 50% at Q1 2029
Select Group 0% interest on the payment plan during construction
No supporting documentation required to benefit from the payment structure
The 50% at handover can be financed by a UAE bank mortgage, even for non-residents
UAE Residents: Up to 80% LTV mortgage available
Non-Residents: Up to 50% LTV mortgage available
UAE banks offer off-plan mortgage pre-approval up to 24 months before handover
Select Group's delivery track record supports smoother UAE bank mortgage approvals
Government Fee: 4% DLD (Dubai Land Department) fee applicable on purchase price
Service Charge: Approximately AED 19 to AED 22 per Sqft annually
Golden Visa: All units above AED 2M qualify for the UAE 10-Year Golden Visa
Ownership Type: Freehold, 100% foreign ownership permitted
No income tax, no capital gains tax and no property tax in UAE