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RAK Mirasol 2 at Mina Al Arab - Payment Plan

RAK Properties provides a clear and adaptable payment plan scheme for Mirasol Phase 2 that is correlated with the construction advancement, and buyers pay in stages, which depends on the achievements of the delivery schedule. This kind of staged payments takes the strain off at the start but it can be paid back with more peace of mind. Early reservations could offer priority or reduced rates.

1- Standard 50/50, Installments Payment Plan

InstallmentPayment (%)Milestone
Down Payment10%On Booking Date
1st Installment5%Within 4 months from booking date
2nd Installment5%Within 8 months from booking date
3rd Installment5%Within 12 months from booking date
4th Installment5%Within 16 months from booking date
5th Installment5%Within 20 months from booking date
6th Installment5%Within 24 months from booking date
7th Installment5%Within 28 months from booking date
8th Installment5%Within 32 months from booking date
Final Installment50%On Handover

2- Smart 65/35, Installments Payment Plan

InstallmentPayment (%)Milestone
Down Payment10%On Booking Date
1st Installment5%Within 4 months from booking date
2nd Installment10%Within 8 months from booking date
3rd Installment5%Within 12 months from booking date
4th Installment5%Within 16 months from booking date
5th Installment10%Within 20 months from booking date
6th Installment5%Within 24 months from booking date
7th Installment5%Within 28 months from booking date
8th Installment10%Within 32 months from booking date
Final Installment35%On Handover

3- Special 35/65, Installments Payment Plan

InstallmentPayment (%)Milestone
Down Payment10%On Booking Date
1st Installment5%Within 4 months from booking date
2nd Installment5%Within 8 months from booking date
3rd Installment5%Within 12 months from booking date
4th Installment10%Within 16 months from booking date
Final Installment65%On Handover