Southbay Residences Payment Plan

Payment Plan

Down Payment

5%

Purchase Date

During Construction

55 %

Till Handover

Post Handover

40 %

Within 60 Months

RAK's Southbay Residences offers three attractive payment plan options, wherein one can opt 40/60 cash plan, 3 and 5 years’ post-handover payment terms. Choose any of these installment schemes to book your home and enjoy a lavishing life which could be enhanced to its possibility. So getting a home at this island destination becomes easy.

Attractive 40/60 Cash Payment Plan

Installment	Payment (%)	Milestone(s)
Down Payment	5%	On Sales Date
1st Installment	5%	Within 30 days from sales date
2nd Installment	10%	Pay 0.5% monthly (20 pays)
3rd Installment	20%	Pay 5% semi annually (4 pays)
Final Installment	60%	On Completion & Handover

Easy 3 Years (40/60) Post Handover Payment Plan

Installment	Payment (%)	Milestone(s)
Down Payment	5%	On Sales Date
1st Installment	5%	Within 30 days from sales date
2nd to 6th Installment	2.5%	Within 6 months from sales date (0.5% monthly)
7th Installment	2.5%	Within 7 months from sales date
8th to 12th Installment	2.5%	Within 12 months from sales date (0.5% monthly)
13th Installment	2.5%	Within 13 months from sales date
14th to 18th Installment	2.5%	Within 18 months from sales date (0.5% monthly)
19th Installment	2.5%	Within 19 months from sales date
20th to 24th Installment	2.5%	Within 24 months from sales date (0.5% monthly)
25th Installment	2.5%	Within 25 months from sales date
26th Installment	10%	On Completion & Handover
Post Handover
1st to 5th Installment	3.75%	0.75% monthly within 5 Months(After Handover)
6th Installment	5%	Within 6 months after handover
7th to 11th Installment	3.75%	0.75% monthly within 11 Months(After Handover)
12th Installment	5%	Within 12 months after handover
13th to 17th Installment	3.75%	0.75% monthly within 17 Months(After Handover)
18th Installment	5%	Within 18 months after handover
19th to 23rd Installment	3.75%	0.75% monthly within 23 Months(After Handover)
24th Installment	7.5%	Within 24 months after handover
25th to 29th Installment	3.75%	0.75% monthly within 29 Months(After Handover)
30th Installment	7.5%	Within 30 months after handover
31st to 35th Installment	3.75%	0.75% monthly within 35 Months(After Handover)
36th Installment	7.5%	Within 36 months after handover

Easy 5 Years (60/40) Post Handover Payment Plan

Installment	Payment (%)	Milestone(s)
Down Payment	5%	On Sales Date
1st Installment	5%	Within 30 days from sales date
2nd to 21st Installment	20%	Pay 1% monthly (20 pays)
22nd to 25th Installment	20%	Pay 5% semi annually (4 pays)
26th Installment	10%	On Completion & Handover
Post Handover	40%	Within 60 months after handover