The Alba Residences by Omniyat at Palm Jumeirah - Payment Plan
Payment Plan
The Alba Residences by Omniyat offers an easy and attractive payment plan, providing potential homeowners with an easy path to invest in one of Dubai’s most sought-after luxury developments. Designed to cater to the needs of discerning buyers, this plan allows for phased payments aligned with the project’s construction milestones, ensuring peace of mind throughout the purchase process.
60/40 Installments Payment Plan
| Installment | Payment (%) | Milestone |
|---|---|---|
| Down Payment | 5% | On Booking Date |
| 1st Installment | 10% | Within 30 days from the reservation contract effective date (sale & purchase agreement effective date) |
| 2nd Installment | 10% | Within 60 days from the sales & purchase agreement effective date |
| 3rd Installment | 10% | On substantial completion of residential tower enabling works |
| 4th Installment | 5% | On substantial completion of residential tower ground floor. |
| 5th Installment | 10% | On substantial completion of the residential superstructure |
| 6th Installment | 10% | On substantial completion of residential window glazing installation |
| Final Installment | 40% | On Handover |
