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Iluka Residences, Dubai Islands

MS Homes

Iluka Residences

Dubai Islands3 Bedrooms1,535 sqftFloor 3-5

Motivated

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Water
Handover
Q4 2026
Original price
AED 3,520,875
Launch price today
Being assessed

About this unit

Features: Pool on the Balcony.

Payment plan

Paid to developer

AED 2,112,530

Remaining

AED 1,408,345

60% paid

MilestoneAmount
10.09.202610 Sept 2026AED 352,086
On Handover—AED 1,056,259

Your cash timeline

When each payment falls due if a deal is agreed today. The DLD and developer NOC fees are estimates (≈); the instalments are as listed in the payment plan.

  1. Transfer day

    Usually between 11 Nov 2026 and 2 Dec 2026, 2–5 weeks after the MOU

    ≈ AED 1,783,855

    Equity to the seller
    AED 1,591,655
    Fees: ours, DLD and developer NOC (estimated)
    ≈ AED 192,200
  2. Instalments dated before today

    Paid since, or overdue and then paid on transfer day. We check the developer's statement of account before the MOU.

    AED 352,086

  3. At handover

    Q4 2026

    AED 1,056,259

    Can be financed with a handover mortgage

Total over the deal (estimated)

≈ AED 3,192,200

True cost to you

Asking price (seller equity)
AED 1,591,655
Overdue instalments + late fees: not yet checked with the developer
—
Remaining balance to developer
AED 1,408,345
OffplanDistress fee (2%)
AED 60,000
VAT on fee (5%)
AED 3,000
DLD transfer fee (4%)
AED 120,000
DLD registration & trustee fees (est.)
AED 4,200
Developer NOC / admin (est.)
AED 5,000
Total all-in
AED 3,192,200
Cash needed on transfer day (estimated)
≈ AED 1,783,855

DLD and developer fees are estimates and are confirmed when the NOC is issued.

Developers ask for overdue instalments and late fees to be cleared before they issue the NOC, so they are paid on transfer day. Who bears them is agreed in the MOU; we confirm the figure with the developer's statement of account first.

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