Payment plan
Own a next-generation office
70% of the price is paid before completion, with the final 30% due on handover, indicatively in 2031.
On booking
20%- 20%On booking
During construction
50%- 5%90 days after reservation
- 5%180 days after reservation
- 5%240 days after reservation
- 5%360 days after reservation
- 5%At 20% construction
- 5%At 30% construction
- 5%At 40% construction
- 5%At 50% construction
- 5%At 60% construction
- 5%At 70% construction
On completion
30%- 30%On handover
The full schedule
| Milestone | Payment |
|---|---|
| On booking | 20% |
| 90 days after reservation | 5% |
| 180 days after reservation | 5% |
| 240 days after reservation | 5% |
| 360 days after reservation | 5% |
| At 20% construction | 5% |
| At 30% construction | 5% |
| At 40% construction | 5% |
| At 50% construction | 5% |
| At 60% construction | 5% |
| At 70% construction | 5% |
| On handover | 30% |
What it looks like in practice
Worked at AED 4,750 per sq ft, the middle of Ellington's indicative range. Amounts in AED.
| Office | Price | Booking | First year | Construction | Completion |
|---|---|---|---|---|---|
| Smallest office, 1,132 sq ft | 5.38m | 1.08m | 1.08m | 1.61m | 1.61m |
| Four-to-a-floor office, 2,502 sq ft | 11.88m | 2.38m | 2.38m | 3.57m | 3.57m |
| Two-to-a-floor office, upper levels, 5,620 sq ft | 26.70m | 5.34m | 5.34m | 8.01m | 8.01m |
| Full floor, 12,182 sq ft | 57.86m | 11.57m | 11.57m | 17.36m | 17.36m |
Illustrative only, before the 4% DLD fee, VAT and service charges. Final pricing is confirmed at launch.
Questions
What is the Berkeley Tower payment plan?
A 70/30 plan: 20% on booking, 20% in four instalments in the first year, 30% in six instalments linked to construction up to 70% completion, and 30% on completion.
How much is the booking payment?
20% of the purchase price. On the smallest 1,132 sq ft office at an indicative AED 4,750 per sq ft, that is around AED 1.08m.
Is the payment plan post-handover?
No. All payments fall due by completion, with 30% payable on handover.
What other costs are there?
The Dubai Land Department registration fee of 4% plus administrative charges, VAT at 5% on commercial property, and an annual service charge of AED 24 per sq ft.
Are off-plan payments protected?
Off-plan payments in Dubai are paid into a project escrow account regulated under Dubai's escrow law and released to the developer against verified construction progress.
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