Question 1

Which projects are offering post-handover payment plans?

Accepted Answer

Currently, a number of projects on and around Al Marjan Island are offering post-handover payment plans, although the structures vary significantly between developers.ApartmentsMiraggio by Source of Fate Properties:  offering up to 2 years post-handover payment plan: 10% down payment, 45% during construction, 5% on handover and balance 40% within 2 years. Available units 1,2,3 Beds, from AED 2.3m or USD 630k.Trio Isle by Durar Group: offering up to 3 years post-handover payment plan: 20% down payment, 40% during construction, 8% on handover and balance 32% within 3 years. Available units 2 & 3 Beds from AED 2.4m or USD 657k.Danah Bay by Dubai Investments: offering up to 2 yrs post-handover payment plan: 15% on down payment, 25% during construction, 20% on hand-over and balance 40% within 2 years. Available 3 beds and Penthouses from AED 5m or USD 1.37m.Playa Viva by Uniestate Developers: offering up to 5 yrs post-handover payment plan: 10% down payment, 10% during construction, 1.34% on handover and 1.34% instalments monthly for the next 5 years. Cash discounts available. Available units Studio,1,2 and 3 Bedrooms starting from AED 1,150,000 or USD 315k.Branded / ServicedManta Bay by Major Developers: offering a 20 months post-handover payment plan: 5% on down payment, 55% during construction, 20% on handover and 20% during a 20 month post-handover payment plan. Available units 1,2 and 5 Beds starting from AED 1.75m or USD 480k.GianFranco Ferre Residences by Mira Developers: offering up to 3 yrs post-handover payment plan: 10% on down payment, 35% during construction, 5% on hand-over and balance 50% within 3 years. Available units Studio, 1,2, 2 Bed Duplex, 3 Bed Duplex and 4 Bed Duplex starting from AED 1.6m or USD 438k.Hotels and ResidencesWaldorf Astoria by Al Hamra Developers: offering up to 3 yrs post-handover payment plan: 20% on down payment, 20% during construction, 10% on hand-over and balance 50% within 3 years. Available units 2,3 and 5 Beds starting from AED 10.5m or USD 2.88m. Ultra Luxury.Villas and MansionsDanah Bay by Dubai Investments: offering up to 2 yrs post-handover payment plan: 15% on down payment, 25% during construction, 20% on hand-over and balance 40% within 2 years. 1 unit of 5 Bed available, price AED 4m or USD 12.3m.Falcon Island by Al Hamra Developers: offering up to 3 yrs post-handover payment plan: 25% on down payment, 20% during construction, 15% on hand-over and balance 40% within 3 years. 1 unit of 7 Bed available, price AED 30m or USD 8.2m.

Question 2

Are post-handover payment plans interest free?

Accepted Answer

Most Developer post-handover plans in Ras Al Khaimah are structured as interest-free installments directly with the Developer. Some developers will slightly adjust the price if giving long payment periods. On the flipside if you pay more money upfront you can avail a discount.

Question 3

What is a post-handover payment plan?

Accepted Answer

A post-handover payment plan allows buyers to continue paying part of the property value after the property has been handed over. Instead of paying 100% during construction, a portion is spread over 1–5 years after completion.

Question 4

What is the advantage of a post-handover payment plan?

Accepted Answer

Post-handover plans can reduce upfront financial pressure, improve cash flow flexibility and allow some buyers to generate rental income while continuing to pay installments.

Question 5

What happens if I miss an installment payment?

Accepted Answer

Developers usually apply penalties, late fees or contractual notices for delayed payments. Extended non-payment may lead to legal action or cancellation clauses depending on the Sales and Purchase Agreement terms and conditions.

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