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Nakheel Bay Grove Residences Payment plan
AED 1,850,000
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Price & Payment Plan
Plan Structure: 70/30 Construction-Linked Plan
Payment Plan Type: 70/30 Plan. 20% on booking secures the residence, with staged instalments through month 25 and 30% due on completion in September 2028.
On Booking: 20% down payment
1st Instalment (Within 5 Months): 10%
2nd Instalment (Within 9 Months): 5%
3rd Instalment (Within 13 Months): 10%
4th Instalment (Within 17 Months): 10%
5th Instalment (Within 21 Months): 10%
6th Instalment (Within 25 Months): 5%
On Completion: 30% (September 2028)
UAE Residents: Up to 80% LTV mortgage available, per standard UAE bank lending terms
Non-Residents: Up to 50% LTV mortgage available, per standard UAE bank lending terms
UAE banks typically offer off-plan mortgage pre-approval up to 24 months before handover
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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