DAMAC "Canal Heights 2" payment plan
A worked 5% + 1000 AED Oqood fee / 10% / 5% / 3% (1% monthly) / 17% / 3% (1% monthly) / 17% / 40% schedule for DAMAC "Canal Heights 2" by DAMAC Properties in Business Bay, using a sample price from AED 2,665,600.
| Stage | When | Share | Amount (sample) |
|---|---|---|---|
| Booking / down payment | On reservation | 10% | AED 266,560 |
| Construction 20% | At 20% completion | 12.5% | AED 333,200 |
| Construction 40% | At 40% completion | 12.5% | AED 333,200 |
| Construction 60% | At 60% completion | 12.5% | AED 333,200 |
| Construction 80% | At 80% completion | 12.5% | AED 333,200 |
| On handover | At handover | 40% | AED 1,066,240 |
| Total | 100% | AED 2,665,600 | |
Illustrative only — construction milestones are modelled from the headline plan. Exact schedules, fees (DLD 4%, admin) and any post-handover terms are confirmed on consultation. Prices as of 31 Aug 2026.
Frequently asked questions
What is the payment plan for DAMAC "Canal Heights 2"?+
DAMAC "Canal Heights 2" by DAMAC Properties offers a 5% + 1000 AED Oqood fee / 10% / 5% / 3% (1% monthly) / 17% / 3% (1% monthly) / 17% / 40% plan: a booking down payment, installments across construction milestones, and a payment on handover.
How much is the down payment for DAMAC "Canal Heights 2"?+
On a sample price of AED 2,665,600, the booking down payment of 10% is approximately AED 266,560.
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