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Bay Residences - Payment Plan

Mina Al Arab, Ras Al Khaimah

Payment Plan

Bay Residences brings an accessible and interesting process via its simple payment plans to book your home amidst this land of pleasures and entertainment in the tourist destinations of UAE.

Monthly Cash Payment Plan

Installment	Payment (%)	Milestone
Down Payment	5%	On Booking Date
1st Installment	5%	Within 30 days from On booking date
2nd Installment	0.5%	Monthly (20 Installment)
3rd Installment	5%	Every 6 months (4 Installment)
Final Installment	60%	On Handover

5 Years (40/60) Payment Plan

Installment	Payment (%)	Milestone
Down Payment	5%	On Booking Date
1st Installment	5%	Within 30 days from On booking date
2nd Installment	0.5%	Monthly (20 Installment)
3rd Installment	2.5%	Every 6 months (4 Installment)
4th Installment	10%	On Handover
5th Installment	60%	Post Handover (3 years)

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

Installment	Payment (%)	Milestone(s)
Down Payment	5%	On Purchase Date
1st Installment	5%	Within 30 days from purchase date
2nd to 6th Installment	2.5%	Within 6 months from purchase date (0.5% monthly)
7th Installment	2.5%	Within 7 months from purchase date
8th to 12th Installment	2.5%	Within 12 months from purchase date (0.5% monthly)
13th Installment	2.5%	Within 13 months from purchase date
14th to 18th Installment	2.5%	Within 18 months from purchase date (0.5% monthly)
19th Installment	2.5%	Within 19 months from purchase date
20th to 24th Installment	2.5%	Within 24 months from purchase date (0.5% monthly)
25th Installment	2.5%	Within 25 months from purchase date
26th Installment	10%	On Completion
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