Maldives Phase 2
Maldives Phase 2 Offered by Buy Dubai Off-Plan
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Maldives Phase 2

Maldives Phase 2

by DAMAC in DAMAC Islands View on map Under construction

Starting price
AED 2,407,000
Payment plan
75/25
Handover
Q4 2028

≈ € 578,000

Check available units

Project details

Starting price AED 2,407,000 ≈ € 578,000 What will my monthly payments be?
Payment plan 75/25 75% during construction, 25% at handover
Handover Q4 2028 Under construction
Bedrooms 4567
Property type
Villa, Townhouse
Floor area
205 to 1,587 m²
Developer
DAMAC
Location
DAMAC Islands

About Maldives Phase 2

  • Exclusive 4- to 7-bedroom townhouses and villas in a paradisiacal setting

  • Water-inspired architecture with lagoons, sandy beaches, and tropical landscaping

  • Ultra-luxe finishes and carefully designed interiors using high-quality materials

  • Prime location in Dubailand with excellent connections to key city districts

  • Developed by DAMAC Properties, a renowned real estate player in Dubai

Maldives Phase 2 at Damac Islands (Dubai): Luxury homes by Damac Properties

Maldives Phase 2 is an exclusive residential development in the heart of Damac Islands, a spectacular island-inspired project in Dubailand. This water-themed project offers a collection of exceptional homes ranging from townhouses to spacious villas, all designed with an ultra-luxe philosophy. The development includes seven-bedroom mansions that are perfect for those seeking spacious comfort and exclusivity. The floor areas range from 205 m2 to an impressive 1586 m2, providing ample choice for different needs. The starting price for these homes is AED 2,407,000, an attractive investment given the quality and location. The entire project exudes a resort-like atmosphere with carefully landscaped grounds that reference the famous Maldives. For international investors, this project offers a unique opportunity to participate in Dubai’s dynamic real estate market.

Home types and layouts at Maldives Phase 2 Damac Islands (Dubai)

Maldives Phase 2 presents a selection of high-quality home types, including townhouses and villas with four to seven bedrooms. These generously proportioned homes range in size from 205 m2 to 1586 m2, providing extensive living space and privacy. The architecture combines modern elements with tropical influences, resulting in a harmonious whole. Each home features carefully designed interiors with premium materials and finishes. The seven-bedroom mansions represent the top tier of this project, with generous living spaces, private swimming pools, and expansive terraces. The smaller townhouses also offer excellent comfort with smart space planning. All homes benefit from the masterplan of Damac Islands, where water and greenery are central. The diversity of home types makes this project interesting for both families and investors.

About the developer Damac Properties and the Maldives Phase 2 design

Maldives Phase 2 is being developed by DAMAC Properties, one of the leading real estate developers in Dubai with an impressive portfolio of high-quality projects. The company is renowned for its innovative designs and attention to detail. This specific project is distinguished by its water-inspired architecture that blends seamlessly with the natural environment. The buildings are designed with advanced infrastructure that combines modern comfort with aesthetic beauty. The developer has paid particular attention to the communal facilities and the overall quality of life within the gated community. DAMAC Properties has a proven track record of delivering high-quality projects on time, which provides additional assurance for investors. The combination of experience and vision makes this developer a reliable partner for your real estate investment in Dubai.

Prime location in Damac Islands (Dubai) near key Dubai destinations

Located in the promising Damac Islands area within Dubailand, Maldives Phase 2 benefits from a strategic position with excellent connections to key parts of the city. The development lies along Emirates Road, a major artery that provides quick access to areas such as Arabian Ranches, Damac Hills, and Sports City. Within approximately an hour’s drive, you can reach well-known coastal areas such as Dubai Marina and the iconic Burj Al Arab. The immediate surroundings of the project are carefully designed with lagoons, sandy beaches, and lush tropical landscaping that create a resort-like atmosphere. In the wider area, you will find all the necessary amenities for daily life, leisure, and healthcare. This combination of natural beauty and urban convenience makes the location particularly attractive for families and investors seeking a balanced lifestyle in Dubai.

Flexible payment plan for Maldives Phase 2 homes

While no specific payment plan is available for Maldives Phase 2, we provide full support for the financing of your investment. The starting price of AED 2,407,000 makes this project accessible to a wide range of investors. The agent goes through potential financing options with local banks with you, which often offer favourable terms for foreign investors. It is common in Dubai for developers to offer flexible payment plans, often spread across the construction period. We can engage with the developer on your behalf to arrange a customised payment schedule that aligns with your financial situation. Furthermore, we can provide information on relevant aspects and potential returns. Contact us for a personal consultation about the possibilities of investing in this exclusive project in Damac Islands.

Amenities

Gym 24/7 security Swimming pool Restaurants Green areas Playground Park Shops Supermarket Parking Running Cycling Multi function lounge Yoga Spa and sauna

Payment plan for Maldives Phase 2

75%25%
75%
During construction, in instalments
AED 1,805,250
≈ € 433,000
25%
After handover
AED 601,750
≈ € 144,000

Percentages are based on the starting price and are indicative. The developer determines the exact instalments. Please contact us for more information about the payment plans.

Monthly payments and your own funds

How much do you need for Maldives Phase 2, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 3,045

≈ € 730 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,805,250≈ € 433,300
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 601,750≈ € 144,400
Purchase costs4% DLD fee and mortgage costs
AED 104,672≈ € 25,100
Total funds required
AED 1,909,922≈ € 458,400
Request finance guidance for Maldives Phase 2
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Location

Damac Islands, Dubai
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Location of Maldives Phase 2 Location of Maldives Phase 2

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.