Launch specification (For market reference only)
A globally anticipated mega-scale island development redefining ultra-prime waterfront luxury. Our involvement with this Nakheel master plan cements our position at the forefront of Dubai's historic coastal transformations.
A globally anticipated mega-scale island development redefining ultra-prime waterfront luxury. Our involvement with this Nakheel master plan cements our position at the forefront of Dubai's historic coastal transformations.
Highlights
- Beachfront villa plots on a reclaimed island master plan
- Among the largest coastal developments Dubai has undertaken
Original launch payment structure
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We analyse past projects to help you make smarter decisions on current opportunities.
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Disclaimer: This page functions strictly as a historical market archive and case study for Mode Properties' past portfolio references. This is not an active real estate listing, availability offer, or public solicitation to purchase inventory within the specified development. All prices, timelines, and metrics mentioned are historical figures preserved for educational purposes and market context only.
Buying off-plan — your questions answered
Off-plan means buying a property before it is completed — at pre-launch or during construction. Launch prices are often 20–30% below comparable ready stock, and payment is spread across a construction-linked plan rather than paid up front.
Down payments are typically 10–20% of the property value, followed by construction-linked instalments. Many projects also offer post-handover plans where instalments continue after you receive the keys.
Yes. Dubai's escrow law (Law No. 8 of 2007) ring-fences buyer funds in a regulated escrow account. Money is released to the developer only against verified construction milestones.
Off-plan is simpler than a secondary purchase: the transaction completes immediately on payment of the booking amount, the DLD fee is 4% (developers frequently run promotions where this is waived), and the developer admin fee is variable but typically under AED 5,000.
Yes — with a larger deposit, typically 25–50%, at selected banks. Non-resident loan-to-value is usually in the 50–75% range depending on the bank and your nationality.
Yes — typically after 30–50% of construction is complete, with certain banks on construction-linked terms. Loan-to-value can reach around 70%, though this varies bank to bank. Many buyers use the developer payment plan instead.
Passport or Emirates ID, proof of income (salary certificate or audited accounts), bank statements — usually six months — and details of any existing liabilities. Requirements differ case to case.
For properties under AED 5M: UAE nationals up to 85%, resident expats up to 80%, non-residents typically 50–75%. Above AED 5M the limits step down. Your total monthly obligations are also capped at 50% of income under the Debt Burden Ratio rule.
Around 60 days. We strongly recommend securing pre-approval before you make an offer — it strengthens your negotiating position and removes financing risk from the deal.
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