DAMAC payment plans, explained

Booking typically requires 10-20% down plus the 4% DLD fee, though DAMAC has periodically run 4% DLD-waiver campaigns (a summer 2025 offer, a DSF 2025-26 offer, a reported July 2026 campaign) on selected projects. Hot launches are gated by refundable EOI deposits (AED 150k-300k for DAMAC Islands 2) that convert into the booking payment. The handover balloon is comparatively heavy at 25-40%, and true post-handover plans (1% monthly for roughly 2-5 years) exist only on selected ready or near-ready units, not on flagship new launches. Buyers manage statements of account and pay installments through the DAMAC Living app/portal (QuickPay/AutoPay), while agents transact through agents.damacproperties.com and the DAMAC 360 app. Because DAMAC re-cuts the plan for every launch and campaign, any specific percentage should be confirmed against the current sales offer before you rely on it or quote it to a client.

75/25 construction-linked (~1% monthly): Total 20% by booking (20% upfront; brokers also report a 10% on booking + 10% within ~30 days at SPA variant on DAMAC Islands, though the main payment pages show a straight 20%), then ~55% during construction over roughly 3.5-4 years as ~1% monthly installments plus 5-6% construction-milestone payments (e.g. installments from month ~4 or ~10 through month ~41), and 25% on handover. No post-handover component. Recent examples, as reported at launch: DAMAC Islands (Phase 1 launch Dec 2024, handover Q4 2028; Phase 2 launch Nov 2025, handover 2029-2030); DAMAC Riverside townhouses / DAMAC Lush (2024 launch, completion Dec 2027); DAMAC Sun City townhouses, Dubailand (20% booking, 55% in ~24 installments, 25% on completion ~March 2028).

70/30 (1% monthly): 20% down payment on booking, then 50% during construction spread over ~34 monthly installments of 1% (with a few heavier 5% months at milestones), and 30% on handover. A common shape for DAMAC apartment launches. Recent examples, as reported at launch: DAMAC Riverside Views, Dubai Investments Park (2024-2025 launches, handover Q2 2028); Riverside Views Marine 2 and Marine 3 (2025 launches); DAMAC Riverside apartments (completion Q2 2028).

60/40: 20-24% on booking, balance to 60% during construction (on Chelsea Residences quoted as 1% monthly over ~40-42 months after a 20-24% deposit), and a heavy 40% on handover. Used on branded towers and some townhouse phases in 2025. Recent examples, as reported at launch: Chelsea Residences by DAMAC, Dubai Maritime City (launched mid-2025, handover Dec 2029; 20/40/40 and 24% + 1% x ~40-42 months + 40% variants reported); Violet 4 at DAMAC Hills 2 (2025; 20% down, 40% during construction, 40% on completion); Gems Estates, DAMAC Hills (60/40 as 20/40/40; Gems Estates 2 handover Q4 2025, Gems Estates 1 cited at Q4 2026).

50/50 (campaign/near-ready towers): 10% down payment, balance to 50% during the remaining construction period, 50% on completion. Offered as a limited-time campaign structure on DAMAC's near-ready branded luxury towers, bundled with a 4% DLD waiver and tiered luxury gifts (a summer 2025 campaign, since ended). Examples from that campaign: Canal Crown de GRISOGONO; Canal Heights I & II de GRISOGONO; Safa One & Safa Two de GRISOGONO.

80/20: 80% paid by completion (booking plus construction installments) with only 20% on handover; appeared on select DAMAC Hills golf-facing apartment towers rather than as a house-wide standard. Broker guides note DAMAC (like other top developers) shifting some launches toward 80/20 where demand is strong. Recent examples, as reported at launch: Golf Greens Tower A, DAMAC Hills (80/20, ~1% monthly, completion Q1 2027); Golf Greens Phase 2 / Tower 2 (80/20, from ~AED 1.28M). Golf Gate 2 at DAMAC Hills, by contrast, was primarily marketed on 70/30 (from ~AED 740-818k, completion Q4 2026), with an 80/20 option reported only by some brokers.

Post-handover plans (selected/ready units only): On selected units - mainly ready or near-ready inventory such as DAMAC Lagoons clusters delivering 2025-2027 - broker sources report post-handover extensions of roughly 1% monthly for 24-60 months (i.e. paying over 2-5 years after moving in). This is unit- and campaign-specific, not a standing offer; DAMAC's flagship 2025-2026 launches (Islands, Riverside, Chelsea Residences) are pure construction-linked with 25-40% due at handover. Verify per unit at booking. Recent examples: DAMAC Lagoons resale/ready townhouses (first handovers Q4 2025, listings marketed with post-handover terms).

Buyer portal: DAMAC Living (app + web) is where SOAs and installment payments live. DAMAC Living (iOS/Android, plus damacliving.com and customers.damacproperties.com) gives owners instant access to their statement of account, online installment and service-charge payments via QuickPay and AutoPay, advance payments, proof-of-payment upload, and digital handover (appointment booking, document upload, DEWA registration). It also handles NOCs, title-deed pickup and resale appointments.

Agent portal: agents.damacproperties.com and the DAMAC 360 app. Agents register and transact through the DAMAC Agent Portal (agents.damacproperties.com) and the DAMAC 360 mobile app: live unit availability, direct client bookings, client document and payment management, commission tracking (marketed as 'instant commission'), and the tiered Unity loyalty program (Executive/President/Chairman) for higher commissions and rewards.

DLD fee handling: buyer normally pays 4% DLD + Oqood at booking, but DAMAC has periodically run 4% DLD-waiver campaigns. Standard terms add the 4% Dubai Land Department fee (plus Oqood registration for off-plan) on top of the booking payment. DAMAC has repeatedly waived this as a time-boxed promotion - for example a summer 2025 offer bundling a 4% DLD waiver with a 50/50 plan and gifts on near-ready branded towers, a DSF 2025-26 offer on UAE apartments, and a reported July 2026 campaign. Campaigns and their eligible projects change; whether any waiver applies to a given unit is confirmed only in DAMAC's written sales offer at booking.

Booking-fee norms: 10-20% down at booking; hot launches gated by refundable EOI deposits of AED 150,000-300,000. DAMAC's booking deposit is typically 20% (Sun City, Chelsea Residences, Riverside Views, Violet 4); brokers also report a 10% on booking + 10% within ~30 days at SPA variant on DAMAC Islands. The 4% DLD fee is due alongside unless waived. For oversubscribed launches DAMAC collects an Expression of Interest deposit first - AED 150,000-300,000 depending on cluster for DAMAC Islands 2 (refundable if not converted; converts into the booking payment with priority access at pre-launch pricing).

Heavy handover balloon is a DAMAC signature: 25-40% due at completion on current launches. Unlike developers pushing 90/10-style plans, DAMAC's 2024-2026 launches consistently leave 25% (Islands, Sun City, Riverside TH), 30% (Riverside Views) or 40% (Chelsea Residences, Violet 4) to handover - a point buyers should budget for (mortgage or cash) 3-5 years out.

DAMAC announced in April 2022 that it accepts Bitcoin and Ethereum for property payments. It was among the first major Dubai developers to announce BTC and ETH acceptance against property sales, with conversion to fiat handled on DAMAC's side - confirm current acceptance, eligible projects and compliance requirements directly with DAMAC before advising a client.

Installment cadence detail: the 1% monthly drip usually starts a few months after booking and includes heavier milestone months. Typical published schedules: DAMAC Islands townhouses run 1% monthly from around month 10 to month 41 with milestone payments in between; Riverside apartments run 1% monthly from month 3 with a few 5% months; DAMAC Lush ran 20% booking, 1% monthly in year one, then 5-6% at construction milestones, 25% at completion. Exact month-by-month schedules differ per project and are set out in the sales offer / SPA.