Payment Plan
Ibiza Payment Plan at DAMAC Lagoons
The Ibiza launch payment plan in full. 15 instalments, three of them tied to 70, 80 and 90 percent construction milestones.
This was the launch payment plan for a cluster that is now sold out and still in construction. Resale purchases do not follow it.
20 percent deposit, 60 percent across construction and 20 percent on completion. Eleven instalments are tied to calendar dates running to 33 months, and three are tied to verified construction milestones at 70, 80 and 90 percent.
There is no post handover plan. 4 percent DLD is payable in addition to the initial deposit.
| Milestone | When | Value |
|---|---|---|
| Deposit | Immediate | 20% |
| 1st instalment | Within 3 months of sale date | 5% |
| 2nd instalment | Within 6 months of sale date | 5% |
| 3rd instalment | Within 9 months of sale date | 5% |
| 4th instalment | Within 12 months of sale date | 5% |
| 5th instalment | Within 15 months of sale date | 5% |
| 6th instalment | Within 18 months of sale date | 5% |
| 7th instalment | Within 21 months of sale date | 5% |
| 8th instalment | Within 24 months of sale date | 5% |
| 9th instalment | Within 27 months of sale date | 5% |
| 10th instalment | Within 30 months of sale date | 5% |
| 11th instalment | Within 33 months of sale date | 5% |
| 12th instalment | On completion of 70 percent of project | 2% |
| 13th instalment | On completion of 80 percent of project | 2% |
| 14th instalment | On completion of 90 percent of project | 1% |
| 15th instalment | On completion | 20% |
| Total | 100% |
The same schedule structure appears on the Morocco payment plan, where the Ibiza ordinals confirm the Morocco sheet numbering as a labelling error. Compare with the more milestone linked Monte Carlo payment plan.
Where Ibiza stands today
Ibiza has not completed. The latest inspection report puts construction at 74.86 percent, and expected completion is 30 June 2027, roughly 18 months after its 31 December 2025 target.
The Ibiza payment plan places 20 percent at completion, and ties three instalments to verified construction milestones at 70, 80 and 90 percent rather than to calendar dates.
Our reading of two sourced figures: On the reported progress the 70 percent milestone has been passed and the 80 percent milestone has not.
Source: DAMAC pricing and payment plan sheet, and Dubai Land Department project inspection records via PropertyMonitor. Checked 6 September 2026.
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Ibiza FAQ
- Is Ibiza at DAMAC Lagoons still available?
- The Dubai Land Department registry records Ibiza as sold out, so developer stock is not available. It trades on the off plan resale market. The project has not completed.
- How many homes are there in Ibiza?
- 836, in a single project with no phases. That makes it the largest individual project in DAMAC Lagoons among the clusters we hold records for.
- When will Ibiza be handed over?
- Ibiza has not completed. It is 74.86 percent built with expected completion on 30 June 2027, roughly 18 months after its 31 December 2025 target.
- What did Ibiza homes launch at?
- DAMAC's pricing sheet lists the four bedroom townhouse starting from AED 2.1 million and the five bedroom townhouse starting from AED 2.8 million. Against the registered sizes those work out at roughly AED 924 and AED 829 per sqft.
- What is the Ibiza payment plan?
- 20 percent deposit, 60 percent across construction and 20 percent on completion. Eleven instalments run to 33 months from the sale date and three are tied to verified construction milestones at 70, 80 and 90 percent. There is no post handover plan and 4 percent DLD is payable in addition to the deposit.
- What unit types were built in Ibiza?
- Two townhouse layouts. LTH-4H-M, a four bedroom middle unit of 2,273 sqft over two levels, and LTH-5H-E, a five bedroom end unit of 3,377 sqft over three levels with a maid's room and an extra bedroom on the second floor.