Compared to other buildings under ownership, Magenta Tower by Aldar Properties has a flexible payment plan scheme, which makes it affordable and available. The buyers are in a position to tie their property using percent deposit or down-payment, where the payments are staggered in a construction process. The rest percent is tied to handover, which suits the needs of both those investors who wish to earn returns and of end-users who will be interested in long-term stability.
Attractive 60/40, Installments Payment Plan
Installment | Payment (%) | Milestone |
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Down Payment | 5% | On Booking Date |
1st Installment | 5% | Within 3 months from booking date |
2nd Installment | 5% | Within 7 months from booking date |
3rd Installment | 5% | Within 12 months from booking date |
4th Installment | 10% | Within 16 months from booking date |
5th Installment | 10% | Within 24 months from booking date |
6th Installment | 10% | Within 32 months from booking date |
7th Installment | 10% | Within 40 months from booking date |
Final Installment | 40% | On Handover |