Palm Springs payment plan explained (2026): every instalment on a townhouse and a villa

Palm Springs by Nakheel is sold on a 60/40 payment plan: 60 per cent of the price in seven instalments from booking to May 2029, and 40 per cent on handover, which Nakheel estimates for October 2030, according to its November 2026 payment plan. Prices start at AED 3.8 million for a three bedroom townhouse.

This guide works through every instalment on two homes so you can see the cash you need and when. For the EOI rules see our Palm Springs EOI guide, and for plans and prices see the Palm Springs project page.

What are the Palm Springs instalment dates?

Nakheel's November 2026 plan sets eight payments:

1. 10 per cent on booking.
2. 10 per cent in April 2027.
3. 10 per cent in September 2027.
4. 10 per cent in February 2028.
5. 10 per cent in July 2028.
6. 5 per cent in December 2028.
7. 5 per cent in May 2029.
8. 40 per cent on handover, estimated for October 2030.

The first five payments come roughly every five months. The last instalment before handover falls in May 2029, which leaves about 17 months with no scheduled payment before the estimated handover.

A worked example: three bedroom townhouse at AED 3.8 million

This is an illustration built from Nakheel's published plan and price, not a Castilion client transaction.

1. On booking: AED 380,000 (paid 380,000; remaining 3,420,000).
2. April 2027: AED 380,000 (paid 760,000; remaining 3,040,000).
3. September 2027: AED 380,000 (paid 1,140,000; remaining 2,660,000).
4. February 2028: AED 380,000 (paid 1,520,000; remaining 2,280,000).
5. July 2028: AED 380,000 (paid 1,900,000; remaining 1,900,000).
6. December 2028: AED 190,000 (paid 2,090,000; remaining 1,710,000).
7. May 2029: AED 190,000 (paid 2,280,000; remaining 1,520,000).
8. Handover, October 2030: AED 1,520,000 (paid 3,800,000; remaining 0).

Total: AED 3,800,000. Before handover you pay AED 2,280,000. The Land Department's Oqood fee at 4 per cent is AED 152,000, split as the sale agreement sets out.

A worked example: four bedroom villa at AED 7.0 million

This is an illustration built from Nakheel's published plan and price, not a Castilion client transaction.

1. On booking: AED 700,000 (paid 700,000; remaining 6,300,000).
2. April 2027: AED 700,000 (paid 1,400,000; remaining 5,600,000).
3. September 2027: AED 700,000 (paid 2,100,000; remaining 4,900,000).
4. February 2028: AED 700,000 (paid 2,800,000; remaining 4,200,000).
5. July 2028: AED 700,000 (paid 3,500,000; remaining 3,500,000).
6. December 2028: AED 350,000 (paid 3,850,000; remaining 3,150,000).
7. May 2029: AED 350,000 (paid 4,200,000; remaining 2,800,000).
8. Handover, October 2030: AED 2,800,000 (paid 7,000,000; remaining 0).

Total: AED 7,000,000. Before handover you pay AED 4,200,000. The Oqood fee at 4 per cent is AED 280,000.

Where does the money go?

Into the project's escrow account. Law No. 8 of 2007 requires a separate escrow account for each off plan project in Dubai and limits the developer to drawing on it for building that project. This is why instalments are tied to dates, and why the handover payment is the largest.

How can the handover payment be financed?

Most buyers pay the 60 per cent of instalments from their own funds and finance the 40 per cent handover payment with a mortgage on the completed home. Under Central Bank rules, off plan finance is limited to 50 per cent of the price and is usually offered only to UAE residents close to completion. Banks that lend to non residents typically finance 50 to 65 per cent of a ready property's value, so a 40 per cent handover payment fits within that range, subject to the bank's valuation and your profile.

Castilion Estates is a RERA licensed mortgage broker. We can compare banks for the handover payment well before October 2030. See our guide to Dubai mortgages for non residents and off plan mortgages.

How does 60/40 compare with other plans?

A 60/40 plan asks for more before handover than a 50/50 plan and less than a 70/30 plan. Our off plan payment plans guide explains each structure and what the law says happens if a buyer stops paying.

Register your EOI for Palm Springs, and a Castilion adviser will confirm the plan and price for your chosen unit in writing.

This guide is general information, not financial or legal advice. Prices and dates are the developer's and may change during the sales programme.