Payment Plan Guide
Palm Springs by Nakheel Payment Plan: 60/40 Explained
Eight payments: 60% spread across construction and 40% at handover in October 2030. Here is what each payment is, when it falls due and what it means in dirhams.
At a glance
One Plan, Three Things to Know
The numbers behind the headline, worked out from the published schedule.
Schedule
When Each Payment Falls Due
Every instalment, its share of the price and the running total paid.
| # | Payment | Share | Due | Total paid |
|---|---|---|---|---|
| 1 | Down payment | 10% | On booking | 10% |
| 2 | 1st instalment | 10% | April 2027 | 20% |
| 3 | 2nd instalment | 10% | September 2027 | 30% |
| 4 | 3rd instalment | 10% | February 2028 | 40% |
| 5 | 4th instalment | 10% | July 2028 | 50% |
| 6 | 5th instalment | 5% | December 2028 | 55% |
| 7 | 6th instalment | 5% | May 2029 | 60% |
| 8 | 7th instalment | 40% | October 2030 (handover) | 100% |
In dirhams
What You Pay, Home by Home
The same schedule applied to each starting price, so the percentages become real amounts.
| Home | Starting price | Booking (10%) | Each of 4 x 10% | Each of 2 x 5% | Handover (40%) |
|---|---|---|---|---|---|
| 3-Bedroom Townhouse (G+1) | AED 3.8M | AED 380,000 | AED 380,000 | AED 190,000 | AED 1,520,000 |
| 4-Bedroom Townhouse (G+1) | AED 4.6M | AED 460,000 | AED 460,000 | AED 230,000 | AED 1,840,000 |
| 4-Bedroom Townhouse (G+2) | AED 5.2M | AED 520,000 | AED 520,000 | AED 260,000 | AED 2,080,000 |
| 4-Bedroom Villa (G+2) | AED 7.0M | AED 700,000 | AED 700,000 | AED 350,000 | AED 2,800,000 |
| 5-Bedroom Villa (G+2) | AED 8.9M | AED 890,000 | AED 890,000 | AED 445,000 | AED 3,560,000 |
Illustration only, calculated from starting prices. Final prices, any fees and unit-specific terms are set and confirmed by the developer.
Reading the plan
How the Schedule Behaves
The first five payments are all 10% each, so half the price is paid by July 2028, well over two years before handover.
The next two instalments are smaller, 5% each in December 2028 and May 2029, which brings the total to 60%. After May 2029 there is a pause of about 17 months with nothing to pay.
The 40% balance then falls due at handover in October 2030. It is the largest single payment in the plan, so it helps to decide early how it will be funded.
FAQ
Payment Plan, Questions Answered
How many payments are there in the Palm Springs plan?
There are eight: a 10% down payment on booking, seven instalments (four of 10%, two of 5% and a final 40% at handover).
What is the last payment before handover?
The last payment before handover is the 6th instalment of 5%, due in May 2029. After that the next payment is the 40% balance at handover in October 2030.
How much do I pay before the homes are finished?
Under the published schedule 60% is paid during construction, with the remaining 40% due at handover.
How do I get the payment plan for a specific home?
Register your interest on this page and the team will send the schedule, prices and availability for the home type you choose. Final terms are confirmed by the developer.
Enquire
Register Your Interest in Palm Springs by Nakheel
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