Modelux Developments also provides an easy to pay, flexible payment plan to Vio Residences that reduces the burden of payments both on the construction and even after construction. Instalment payments instead of big lump sums are done at affordable periods and this means that the purchasers will pay based on the construction phases. The amount of down payments can be obtained anytime. It also offers cash payment in case at handover and this gives off more flexibility. This rather format is attractive to end-users who want to face manageable financing options as well as investors who want better discipline in payments and fewer barriers of entry in a developing market.
Exclusive 60/40, 1.75% Monthly Installments Payment Plan
| Installments | Payment (%) | Milestones |
|---|
| Down Payment | 20% | On Booking Date |
| 1st to 5th Installment | 8.75% | Within 5 months (1.75% monthly) from booking date |
| 6th Installment | 5% | Within 6 months from booking date |
| 7th to 11th Installment | 8.75% | Within 11 months (1.75% monthly) from booking date |
| 12th Installment | 5% | Within 12 months from booking date |
| 13th to 15th Installment | 5.25% | Within 15 months (1.75% monthly) from booking date |
| 16th Installment | 7.25% | Within 16 months from booking date |
| Final Installment | 40% | On Handover |
+971 55 162 3236
+971 55 162 3236