Palm Central Payment plan
What the payment plan actually is
Nakheel's own release for Phase 2 doesn't publish exact payment terms. A few brokers list specific percentages anyway — treat those as estimates until your sales contact confirms them in writing, not as the developer's stated plan.
Phase 1 — confirmed structure (sold out)
The sold-out first phase used a documented 20/50/30 structure:
- 20% at booking — due on reservation.
- 50% during construction — split across roughly seven to eight milestone installments.
- 30% on handover — due August 2029.
On the AED 2.5M entry price, that put the booking amount at AED 500,000 — the number that made this phase's 1-bedroom units accessible relative to the total price.
Phase 2 terms aren't officially published. Several
broker sites describe a similar 20% booking / staged construction
payments / 30% handover plan for the current phase, with construction
installments reportedly running from late 2026 through early 2029 —
but this comes from secondary sources, not Nakheel's own release. Get
the actual schedule from your sales contact before you book on the
strength of a number you read on a listing site.
What to ask for before booking
- The exact installment schedule with dates, not just percentages — construction-linked payments can move if the build timeline shifts.
- Whether the plan differs by unit type. On Phase 1, larger units and townhouses reportedly ran a different split than 1–2 bedroom apartments; confirm whether that still applies.
- What happens to your payments if handover slips past September 2030 — Nakheel has a strong delivery record, but the contract terms are what actually govern this, not the track record.
Want the current schedule?
Register your interest and we'll come back with the actual payment schedule for the unit type you're looking at, confirmed rather than estimated.