Published 70/30 payment schedule
The published schedule totals 70% before completion and 30% on completion. Booking also lists a 4% DLD fee and AED 3,150 registration fee. Confirm dates, fees and default provisions in the reservation form and SPA.
| Project | Berkeley Tower |
|---|---|
| Developer | Ellington Properties with Al Hamra Group |
| Location | Business Bay, Dubai |
| Product | 109 Grade A offices |
| Office sizes | Approximately 1,132–22,588.71 sq ft |
| Payment plan | 70% before completion / 30% on completion |
| Completion | Q3 2030 catalogue target; confirm in SPA |
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Payment milestones
| Milestone | Payment | Note |
|---|---|---|
| Booking | 20% | Plus 4% DLD fee and AED 3,150 registration fee |
| 90 days | 5% | Time-based instalment |
| 180 days | 5% | Time-based instalment |
| 240 days | 5% | Time-based instalment |
| 360 days | 5% | Time-based instalment |
| 20% construction | 5% | Construction milestone |
| 30% construction | 5% | Construction milestone |
| 40% construction | 5% | Construction milestone |
| 50% construction | 5% | Construction milestone |
| 60% construction | 5% | Construction milestone |
| 70% construction | 5% | Construction milestone |
| Completion | 30% | Final instalment |
FAQs
Frequently Asked Questions
What is the Berkeley Tower payment plan?
The published plan is 70/30: 20% at booking, 50% through timed and construction-linked instalments, and 30% on completion.
What fees are payable when booking?
Published material lists the 20% booking payment plus the 4% DLD fee and an AED 3,150 registration fee. Confirm all charges on the reservation form.
When are the construction instalments due?
Six 5% payments are linked to construction milestones from 20% through 70% construction. Contractual notices and dates should be verified in the SPA.
What fees are payable alongside the Berkeley Tower booking payment?
At booking, the 20% payment is due alongside a 4% DLD fee and an AED 3,150 registration fee. Confirm the exact amounts on the official reservation form before committing.
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