Joud Villas Payment Plan
IMKAN Properties

Joud Villas Payment Plan

Unit TypeVillas

3, 5 & 7 Bedroom

Size Size

422 to 965 sq.m

Joud VillasAnticipated Handover - Q3 - 2024 Handover

Q3 - 2024

AED 3.8 Million

Payment Plan

10%

Purchase Date

30 %

Till Handover

60 %

Within 34 Months

For Joud Villas, the two payment plan options by IMKAN Properties appears to be flexible and easy. The payment scheme spanning over 4 years and 5 years, requires you to pay 10% upfront, 30% during construction, and the rest 60% post-handover in 21 months and 34 months. Whereas, the other payment plan also involves paying 10% as down payment, 30% during construction, and the rest 60% on handover. In hindsight, you will have the freedom to choose a particular payment option, based on your distinct profile.

Option 1: Till Completion / 30-70 Payment Plan

InstallmentPaymentMilestone
Down Payment10.0%Upon Signing SPA
1st Installment4.9%Within 7 months from signing SPA (Enabling works completion)
2nd Installment5.1%Within 13 months from signing SPA (Foundation completion)
3rd Installment3.2%Within 19 months from signing SPA (Superstructure completion)
4th Installment5.0%Within 25 months from signing SPA (Completion of Villa envelope)
Final Installment71.8%100% Construction Completion

Option 2: Till Completion / 40-60 Payment Plan

InstallmentPaymentMilestone
Down Payment10.0%Upon Signing SPA
1st Installment7.5%Within 7 months from signing SPA (Enabling works completion)
2nd Installment7.5%Within 13 months from signing SPA (Foundation completion)
3rd Installment7.5%Within 19 months from signing SPA (Superstructure completion)
4th Installment7.5%Within 25 months from signing SPA (Completion of Villa envelope)
Final Installment60.0%100% Construction Completion

Option 3: 4-Year Payment Plan

InstallmentPaymentMilestone
Down Payment10%Upon Signing SPA
1st Installment4.9%Within 7 months from signing SPA (Enabling works completion)
2nd Installment5.1%Within 13 months from signing SPA (Foundation completion)
3rd Installment5.0%Within 19 months from signing SPA (Superstructure completion)
4th Installment5.0%Within 25 months from signing SPA (Completion of Villa envelope)
5th Installment10.0%100% Construction Completion
6th Installment15.0%Post Construction Completion Payment 1
7th Installment15.0%Post Construction Completion Payment 2
8th Installment15.0%Post Construction Completion Payment 3
9th Installment15.0%Post Construction Completion Payment 4

Option 4: 5-Year Payment Plan

InstallmentPaymentMilestone
Down Payment10%Upon Signing SPA
1st Installment4.9%Within 7 months from signing SPA (Enabling works completion)
2nd Installment5.1%Within 13 months from signing SPA (Foundation completion)
3rd Installment5.0%Within 19 months from signing SPA (Superstructure completion)
4th Installment5.0%Within 25 months from signing SPA (Completion of Villa envelope)
5th Installment10.0%100% Construction Completion
6th Installment10.0%Post Construction Completion Payment 1
7th Installment10.0%Post Construction Completion Payment 2
8th Installment10.0%Post Construction Completion Payment 3
9th Installment10.0%Post Construction Completion Payment 4
10th Installment10.0%Post Construction Completion Payment 5
11th Installment10.0%Post Construction Completion Payment 6

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