# What is the DAMAC Islands payment plan?

URL: https://www.dxbrealtor.ai/answers/damac-islands-payment-plan/
Topic: Full cost
Updated: 2026-09-28

## Short answer

DAMAC Islands, the original December 2024 launch, is sold on a 20/40/40 plan, 20% at booking, 40% during construction and 40% at handover in Q4 2028 (Property Finder, accessed 28 Sep 2026). DAMAC Islands 2, launched in November 2025, uses 20/55/25, 10% at booking, 10% within 30 days, 55% during construction and 25% at handover in Q2 2030. On a AED 2.7 million DAMAC Islands 2 entry unit, cash needed at booking is about AED 648,000 once the 4% DLD fee is added, and the final AED 675,000 falls due at handover.

## Key figures

- DAMAC Islands (phase 1) plan: 20/40/40 (Property Finder, accessed 28 Sep 2026)
- DAMAC Islands 2 plan: 20/55/25 (DAMAC Islands 2, accessed 28 Sep 2026)
- Cash at booking, AED 2.7M Islands 2 unit: AED 648,000 (20% plus 4% DLD fee)
- Due at handover, Q2 2030: AED 675,000 (25% of AED 2.7M)

## The two plans, side by side

DAMAC Islands, launched in December 2024, is still listed on Property Finder with a 20/40/40 plan. DAMAC Islands 2, launched on 13 November 2025, is sold on 20/55/25, and Property Finder shows the same 20/55/25 split on a few later phases inside DAMAC Islands too, such as Seychelles and Bali Phase 4.

| Stage | DAMAC Islands (20/40/40) | DAMAC Islands 2 (20/55/25) |
|---|---|---|
| Booking | 20% | 10% |
| Within 30 days of booking | | 10% |
| During construction | 40% | 55%, about 1% a month |
| At handover | 40%, due Q4 2028 | 25%, due Q2 2030 |

## Cash table for a DAMAC Islands 2 entry unit

DAMAC Islands 2 launched at prices from AED 2.7 million. Here is the full cost on the 20/55/25 plan, including the 4% DLD fee, which the Dubai Land Department charges once on the full price.

| Stage | Share | Amount (AED) | When |
|---|---|---|---|
| Booking | 10% | 270,000 | At booking |
| SPA signing | 10% | 270,000 | Within 30 days of booking |
| DLD registration fee | 4% | 108,000 | At booking |
| **Cash needed at booking** | | **648,000** | |
| Construction instalments | 55% | 1,485,000 | About 1% a month, to 2030 |
| Handover | 25% | 675,000 | Handover, Q2 2030 |
| **Total** | | **2,808,000** | Excluding small admin fees |

## If you are buying on the phase 1 plan instead

An entry level DAMAC Islands unit at AED 2,490,000, on the older 20/40/40 plan, works out differently.

| Stage | Share | Amount (AED) | When |
|---|---|---|---|
| Booking | 20% | 498,000 | At booking |
| DLD registration fee | 4% | 99,600 | At booking |
| **Cash needed at booking** | | **597,600** | |
| Construction instalments | 40% | 996,000 | Instalments to 2028 |
| Handover | 40% | 996,000 | Handover, Q4 2028 |
| **Total** | | **2,589,600** | Excluding small admin fees |

The 20/40/40 plan asks for less cash upfront but a much larger sum at handover, 40% against 25% on the Islands 2 plan.

## Costs the payment plan does not include

1. **Service charges after handover**, the yearly fees owners pay for upkeep of shared facilities. DAMAC has not published a rate for DAMAC Islands or DAMAC Islands 2.
2. **Mortgage costs**, if you finance the handover payment. Mortgage registration is 0.25% of the loan plus admin charges (Projectory).
3. **DLD fee promotions**, since DAMAC has at times waived or discounted the 4% fee for a limited period. Confirm what applies to your booking in writing.

## What to check before booking

1. **Which plan applies to your exact unit**, since 20/40/40 and 20/55/25 exist side by side across DAMAC Islands.
2. **The instalment dates in your SPA**, rather than an even monthly estimate.
3. **Whether the 4% DLD fee is waived or discounted** for your booking, and for how long that offer runs.
4. **How you will fund the final payment**, 40% or 25% of the price, at handover in 2028 or 2030.

## Frequently asked

### What is the 20/40/40 payment plan?

20% at booking, 40% in instalments during construction and 40% at handover. Property Finder lists this as the plan for DAMAC Islands' original December 2024 launch, due for handover in Q4 2028.

### What is the 20/55/25 plan on DAMAC Islands 2?

10% at booking, a further 10% within 30 days, 55% during construction paid in instalments of about 1% a month, and 25% at handover, due in Q2 2030 (DAMAC Islands 2, accessed 28 Sep 2026).

### When is the 4% DLD fee paid?

Normally at booking, alongside the deposit (Dealr.ae, 11 Jul 2026). It is 4% of the full purchase price and sits outside the developer's payment plan.

### Do all DAMAC Islands units use the same payment plan?

No. Some phases sold later inside DAMAC Islands, such as Seychelles and Bali Phase 4, are also sold on 20/55/25 rather than 20/40/40 (Property Finder, accessed 28 Sep 2026).

### Does DAMAC ever waive the DLD fee?

DAMAC has run time limited promotions waiving or discounting the 4% fee, including in summer 2025 and again in July 2026 (Dealr.ae, 11 Jul 2026). Confirm the terms that apply to your booking before you pay.

## Sources

- Property Finder, DAMAC Islands project page, accessed 28 Sep 2026: https://www.propertyfinder.ae/en/new-projects/damac-properties/damac-islands
- Property Finder, properties for sale in DAMAC Islands, accessed 28 Sep 2026: https://www.propertyfinder.ae/en/buy/dubai/properties-for-sale-dubai-land-damac-islands.html
- Property Finder, DAMAC Islands Phase 2, accessed 28 Sep 2026: https://www.propertyfinder.ae/en/new-projects/damac-properties/damac-islands-phase-2
- DAMAC Islands 2, payment plan, accessed 28 Sep 2026: https://damacislands-2.com/
- ANI News (DAMAC press release), DAMAC Properties launches Master Community DAMAC Islands 2, 13 Nov 2025: https://www.aninews.in/news/business/damac-properties-launches-master-community-damac-islands-2-inspired-by-the-worlds-most-scenic-island-destinations20251113164913/
- Dealr.ae, DAMAC payment plans explained, 11 Jul 2026: https://dealr.ae/guides/damac-payment-plans
- Projectory, Understanding DLD fees for off-plan property in Dubai, 15 May 2026: https://projectory.ae/insights/understanding-dld-fees-for-off-plan-property-in-dubai/