Payment Plan
Malta Payment Plan at DAMAC Lagoons
The Malta launch payment plan in full, with 20 percent deposit, 60 percent across construction and 20 percent on completion. Milestone triggers included.
This was the launch payment plan for a cluster that is now sold out and delivered. Resale purchases do not follow it.
20 percent deposit, 60 percent across construction and 20 percent on completion. Four instalments are tied to calendar dates running to 12 months, and four are tied to verified construction milestones at 40, 50, 60 and 70 percent.
There is no post handover plan. 4 percent DLD is payable in addition to the initial deposit.
PropertyMonitor records Malta 1 as 20 / 60 / 20 and Malta 2 as 15 / 65 / 20. The attached DAMAC payment plan PDF is titled Malta and sums to 100 percent as 20 / 60 / 20 with milestone detail, matching Malta 1. No separate Malta 2 sheet was supplied. We publish the DAMAC sheet and keep the Malta 2 registry split visible.
| Milestone | When | Value |
|---|---|---|
| Deposit | Immediate | 20% |
| 1st instalment | Within 3 months of sale | 5% |
| 2nd instalment | Within 6 months of sale | 5% |
| 3rd instalment | Within 9 months of sale | 5% |
| 4th instalment | Within 12 months of sale | 5% |
| 5th instalment | On 40 percent project completion | 10% |
| 6th instalment | On 50 percent project completion | 10% |
| 7th instalment | On 60 percent project completion | 10% |
| 8th instalment | On 70 percent project completion | 10% |
| 9th instalment | On completion | 20% |
| Total | 100% |
The same 20 / 60 / 20 headline appears on the Venice payment plan, the Ibiza payment plan and the Mykonos payment plan, with different milestone mixes.
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Malta FAQ
- Is Malta at DAMAC Lagoons still available?
- Both phases are sold out and both were delivered on 31 March 2026. Malta trades on the resale market. Developer stock is not available.
- How many homes are there in Malta?
- 1,884 across two phases. Malta 1 has 1,517 homes and Malta 2 has 367. That makes Malta the largest cluster in DAMAC Lagoons among those we hold records for.
- When was Malta handed over?
- Both phases completed on 31 March 2026, roughly six months after their 29 September 2025 target. Construction on both started on 23 August 2022.
- What unit types were built in Malta?
- Four, five and seven bedroom homes. The registry records four bedrooms at 2,220 or 2,273 sqft, five bedrooms at 3,314 or 3,376 sqft, and seven bedroom villas at 7,492 sqft. It also records 89 Malta 1 homes with no bedroom count.
- What did Malta homes launch at?
- The registry records the four bedroom townhouse at AED 1,750,000 and the five bedroom townhouse at AED 2,600,000, both working out at roughly AED 770 per sqft. No launch price is published for the villas or for Malta 2.
- What is the Malta payment plan?
- The DAMAC Malta payment plan PDF is 20 percent deposit, 60 percent during construction and 20 percent on completion, with calendar and build milestones. That matches the Malta 1 registry split. The registry records Malta 2 as 15, 65 and 20. No separate Malta 2 sheet was supplied.
- What floor plans does Malta have?
- The DAMAC sheets confirm two townhouse layouts: LTH-4D-M, a four bedroom middle unit at 2,273 sqft on two levels, and LTH-5D-E, a five bedroom end unit at 3,376 sqft on three levels. The cluster plan legend lists only those two codes.