The first phase of townhouses to be released at Riverside by DAMAC is being launched with an appealing 70/30 payment plan. Although detailed information about the payment plan is not yet available, it is expected to be released in the coming days. Payment Plan
20%
Downpayment
50%
During Construction
30%
On Handover
Damc Riverside Payment Plan Breakdown
- 20% Downpayment: Paid at the time of booking
- 50% During Construction: Paid During the project construction period. Considering this project is not due for completion till the latter part of 2027 this period is just over 3 years
- 30% On Handover: Paid once the project is fully complete. Buyers have the option of financing this amount or financing up to 80% of the total price to free up funds if required
Please note that a more detailed version of the payment plan with exact dates and amounts will be released in the coming days.
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Payment Plan FAQs
What is the payment plan for Damac Riverside?
The payment plan for Damac Riverside is 70/30. Here 70% of the total repayment is paid during construction and 30% at handover.
Is there a post-handover payment plan available?
No, there are currently no post-handover payment options.
What happens if I miss a payment?
If you miss or are unable to make any of your repayment the best course of action is to speak with the developer and advise them of your situation.