Payment Plan
Costa Brava Payment Plan at DAMAC Lagoons
The Costa Brava launch payment plan in full. 13 milestones, 15 percent deposit, 35 percent in build, 50 percent on completion.
This was the launch payment plan for a cluster that is now sold out and delivered. Resale purchases do not follow it.
Headline: 15 / 35 / 50. Same plan on both phases. Totals: 15% deposit, 35% during construction, 50% on completion. There was no post handover plan.
| Milestone | When | Value |
|---|---|---|
| Deposit | Immediate | 5% |
| Deposit | Within 1 month from sale | 10% |
| 1st instalment | Within 3 months from sale | 5% |
| 2nd instalment | Within 6 months from sale | 4% |
| 3rd instalment | Within 9 months from sale | 4% |
| 4th instalment | Within 12 months from sale | 4% |
| 5th instalment | Within 15 months from sale | 3% |
| 6th instalment | Within 18 months from sale | 3% |
| 7th instalment | Within 21 months from sale | 3% |
| 8th instalment | Within 24 months from sale | 3% |
| 9th instalment | Within 27 months from sale | 3% |
| 10th instalment | Within 30 months from sale | 3% |
| 11th instalment | On completion | 50% |
| Total | 100% |
DAMAC note: the booking amount or EOI is 5 percent, and the balance of 10 percent down payment plus 4 percent DLD, being 14 percent, is payable within 30 days.
Our observation: drawn from two published dates rather than a DAMAC statement: the instalment schedule ran to 30 months from the date of sale. Sales opened on 13 December 2021 and the cluster completed on 1 March 2026, roughly 51 months later. Launch buyers finished the construction linked instalments well before handover, with the final 50 percent falling due at completion.
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Costa Brava FAQ
- Is Costa Brava at DAMAC Lagoons still available?
- No. Both phases are sold out and were completed on 1 March 2026. Costa Brava trades on the resale market. Primary developer stock is not available.
- How many homes are there in Costa Brava?
- 1,049 across two phases. Costa Brava 1 has 555 units and Costa Brava 2 has 494.
- What unit types were built in Costa Brava?
- Seven types across 3 to 7 bedrooms: 3, 4 and 5 bedroom townhouses, and 5, 6 and 7 bedroom villas. The 7 bedroom villa is 7,250 sqft. The largest observed unit is a 6 bedroom villa of 14,234 sqft on an 18,988 sqft plot.
- When was Costa Brava handed over?
- Construction completed on 1 March 2026, roughly seven months after the target completion date of 29 July 2025. Construction started on 28 February 2022 and sales opened on 13 December 2021.
- What was the Costa Brava payment plan?
- 15 percent deposit, 35 percent during construction and 50 percent on completion, across 13 milestones running to 30 months from the date of sale. There was no post handover plan. Resale purchases do not follow this schedule.
- What do Costa Brava homes actually sell for?
- 1,496 registered sale transactions have been recorded, at an all time median of AED 1.95 million. Over the last 12 months there were 118 registered sales at a median of AED 2.80 million and AED 1,215 per sqft.