What is the DAMAC Islands payment plan?
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.
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
AED648,000
20% plus 4% DLD fee
Due at handover, Q2 2030
AED675,000
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
- 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.
- Mortgage costs, if you finance the handover payment. Mortgage registration is 0.25% of the loan plus admin charges (Projectory).
- 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
- Which plan applies to your exact unit, since 20/40/40 and 20/55/25 exist side by side across DAMAC Islands.
- The instalment dates in your SPA, rather than an even monthly estimate.
- Whether the 4% DLD fee is waived or discounted for your booking, and for how long that offer runs.
- How you will fund the final payment, 40% or 25% of the price, at handover in 2028 or 2030.
Questions buyers also ask
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.
