Southbay Residences Payment Plan
RAK Properties

Southbay Residences Payment Plan

Unit TypeApartments

Studio, 1, 2 & 3 Bedrooms

Size Size

366 to 1,800 sq. ft.

Southbay ResidencesAnticipated Handover - Mar - 2025 Handover

Mar - 2025

AED 477,000

Payment Plan

5%

Purchase Date

55 %

Till Handover

40 %

Within 60 Months

RAK's Southbay Residences offers three attractive payment plan options, wherein one can opt 40/60 cash plan, 3 and 5 years’ post-handover payment terms. Choose any of these installment schemes to book your home and enjoy a lavishing life which could be enhanced to its possibility. So getting a home at this island destination becomes easy.

Attractive 40/60 Cash Payment Plan

InstallmentPayment (%)Milestone(s)
Down Payment5%On Sales Date
1st Installment5%Within 30 days from sales date
2nd Installment10%Pay 0.5% monthly (20 pays)
3rd Installment20%Pay 5% semi annually (4 pays)
Final Installment60%On Completion & Handover

Easy 3 Years (40/60) Post Handover Payment Plan

InstallmentPayment (%)Milestone(s)
Down Payment5%On Sales Date
1st Installment5%Within 30 days from sales date
2nd to 6th Installment2.5%Within 6 months from sales date (0.5% monthly)
7th Installment2.5%Within 7 months from sales date
8th to 12th Installment2.5%Within 12 months from sales date (0.5% monthly)
13th Installment2.5%Within 13 months from sales date
14th to 18th Installment2.5%Within 18 months from sales date (0.5% monthly)
19th Installment2.5%Within 19 months from sales date
20th to 24th Installment2.5%Within 24 months from sales date (0.5% monthly)
25th Installment2.5%Within 25 months from sales date
26th Installment10%On Completion & Handover
Post Handover
1st to 5th Installment3.75%0.75% monthly within 5 Months(After Handover)
6th Installment5%Within 6 months after handover
7th to 11th Installment3.75%0.75% monthly within 11 Months(After Handover)
12th Installment5%Within 12 months after handover
13th to 17th Installment3.75%0.75% monthly within 17 Months(After Handover)
18th Installment5%Within 18 months after handover
19th to 23rd Installment3.75%0.75% monthly within 23 Months(After Handover)
24th Installment7.5%Within 24 months after handover
25th to 29th Installment3.75%0.75% monthly within 29 Months(After Handover)
30th Installment7.5%Within 30 months after handover
31st to 35th Installment3.75%0.75% monthly within 35 Months(After Handover)
36th Installment7.5%Within 36 months after handover

Easy 5 Years (60/40) Post Handover Payment Plan

InstallmentPayment (%)Milestone(s)
Down Payment5%On Sales Date
1st Installment5%Within 30 days from sales date
2nd to 21st Installment20%Pay 1% monthly (20 pays)
22nd to 25th Installment20%Pay 5% semi annually (4 pays)
26th Installment10%On Completion & Handover
Post Handover40%Within 60 months after handover

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