Home/ Projects/ Developers/ Contact Us

SKAI at Mina Al Arab - Payment Plan

Mina Al Arab, Ras Al Khaimah

Payment Plan

Presenting an easily manageable payment plan for the SKAI developed by RAK Properties for the long-awaited and discerning investors and new homebuyers. Complete with hotels, resorts, beaches, yacht marinas, and upscale residences, each urban home on this island in Ras Al Khaimah comes with a potential of higher return value in the thriving real estate market with a possible growth of rental income, and a promising lifestyle.

STANDARD PAYMENT PLAN (50/50)

Installment	Payment (%)	Milestone
Down Payment	10%	On Down Payment
1st Installment	5%	Within 3 months from down payment
2nd Installment	5%	Within 9 months from down payment
3rd Installment	10%	Within 15 months from down payment
4th Installment	5%	Within 21 months from down payment
5th Installment	5%	Within 27 months from purchase date
6th Installment	10%	Within 33 months from purchase date
Final Installment	50%	On Handover

SPECIAL PAYMENT PLAN (30/70)

Installment	Payment (%)	Milestone
Down Payment	10%	On Down Payment
1st Installment	5%	Within 3 months from down payment
2nd Installment	5%	Within 6 months from down payment
3rd Installment	5%	Within 12 months from down payment
4th Installment	5%	Within 15 months from down payment
Final Installment	70%	On Completion

ADVANCED PAYMENT PLAN (70/30)

Installment	Payment (%)	Milestone
Down Payment	10%	On Down Payment
1st Installment	10%	Within 3 months from down payment
2nd Installment	10%	Within 9 months from down payment
3rd Installment	10%	Within 15 months from down payment
4th Installment	10%	Within 21 months from down payment
5th Installment	10%	Within 27 months from purchase date
6th Installment	10%	Within 33 months from purchase date
Final Installment	30%	On Handover