The payment plan for ELO 3 by Damac Properties is designed to offer flexibility and convenience to buyers. This comes with structured payment schedule that allows buyers to make payments in installments, ensuring that the financial burden is eased over time. The initial down payment is followed by a series of milestone payments aligned with the construction progress, culminating in the final payment upon handover.
Attractive 80/20, 1% Monthly Installments Payment Plan
| Installments | Payment (%) | Milestones |
|---|
| Down Payment | 20% | On Booking Date |
| 1st to 6th Installment | 6% | Within 8 months (1% monthly) from booking date |
| 7th Installment | 10% | Within 9 months from booking date |
| 8th to 14th Installment | 7% | Within 16 months (1% monthly) from booking date |
| 15th Installment | 10% | Within 17 months from booking date |
| 16th to 22nd Installment | 7% | Within 24 months (1% monthly) from booking date |
| 23rd Installment | 10% | Within 25 months from booking date |
| 24th Installment | 5% | On 80% Of Building Completion |
| 25th Installment | 5% | On 90% Of Building Completion |
| Final Installment | 20% | On Completion |
Attractive 70/30, Monthly Installments Payment Plan - Launch Payment Plan
| Installment | Payment | Milestone |
|---|
| Down Payment | 20% | On Booking Date |
| 1st to 6th Installment | 6% | Within 8 month (1% monthly) from booking date |
| 7th Installment | 5% | Within 9 months from booking date |
| 8th to 15th Installment | 8% | Within 17 months (1% monthly) from booking date |
| 16th Installment | 5% | Within 18 months from booking date |
| 17th to 32nd Installment | 16% | Within 34 months (1% monthly) from booking date |
| 33rd Installment | 5% | On 80% Of Building Completion |
| 34th Installment | 5% | On 90% Of Building Completion |
|
| Final Installment | 30% | On Completion |
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