Super Distress | 4BR Single-Row DAMAC Riverside DIP 2 | AED 2,400,000 | AED 400K Below OP+DLD - Payment Plan

Payment Plan

Original DAMAC 70/30 plan: 70% during construction in staged instalments, 30% at Q2 2028 handover. Buyer assumes the seller's SPA on resale — DAMAC does not issue a new plan. Distress asking price: AED 2,400,000 vs seller's total cost AED 2,800,000 (OP+DLD). Discount: AED 400,000 (14.3%). Transfer costs: new buyer DLD 4% (AED 96,000) + trustee ~AED 4,200 + agency 2% (AED 48,000). Transfer-stage all-in: ~AED 2,548,200. Remaining DAMAC instalments and 30% handover confirmed within 24 hours.

MilestonePayment%
Down_Payment20%
During_Construction50%
On_Handover30%