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Damac Canal Heights 2 Payment plan
AED 1,230,000
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Price & Payment Plan
Plan Structure: 80/20 with Milestone-Based Construction Instalments
Payment Plan Type: 80/20 Construction Linked Plan. Only 20% on booking and 20% at Q3 2027 handover, one of the most favourable balloon structures of any Business Bay waterfront launch.
On Booking: 20% down payment
During Construction: 60% in staged milestone-based instalments tied to construction progress
On Handover: 20% at Q3 2027
Only 20% at handover, among the lowest balloon requirements of any Business Bay launch
Full Floor Discount: Additional 2% discount for buyers purchasing an entire floor
DAMAC listed developer status ensures transparent milestone delivery and payment alignment
UAE Residents: Up to 80% LTV mortgage available at handover
Non-Residents: Up to 50% LTV mortgage available at handover
UAE banks offer off-plan mortgage pre-approval up to 24 months before handover
AED 750K Plus qualifies for UAE 2-Year Property Investor Visa
AED 2M Plus qualifies for UAE 10-Year Golden Visa for buyer and immediate family
Government Fee: 4% DLD (Dubai Land Department) fee applicable on purchase price
Ownership Type: Freehold, 100% foreign ownership permitted
No income tax, no capital gains tax and no property tax in UAE
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