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Schedule of Payments - Villas & Townhouses

No. Amount of Payment Milestone events for Indicative Scheduled Date Indicative Scheduled Date
1. Ten (10) percent of price Deposit paid as follows (a) OMR 25,000 paid on sale of property at the signing of the Agreement (b) Balance of the 10% paid within seven (7) days after date of agreement (a) Date of agreement
(b) Agreement date plus seven (7)seven days
2. Fifteen (15) percent of price Completion of property foundations Construction start date (CSD) (to be advised by developer plus two (2) months)
3. Fifteen (15) percent of price Completion of ground floor slab CSD plus three (3) months
4. Fifteen (15) percent of pricel Completion of roof slab CSD plus six (6) months
5. Fifteen (15) percent of price Completion of 1st fix mechanical CSD plus eight (8) months
6. Fifteen (15) percent of price Completion of 2nd fix mechanical and electrical CSD plus ten (10) months
7. Fifteen (15) percent of price Completion CSD plus twelve (12) months

 

Schedule of Payments - Apartments

No. Amount of Payment Milestone events for Indicative Scheduled Date Indicative Scheduled Date
1. Ten (10) percent of price On  or before the signing of the agreement. Signing of the Agreement
2. Thirty (30) percent of price Completion of ground floor slab of the Building that the Apartment is located within. Construction Start Date (CSD) (to be advised by Developer) plus six (6) months.
3. Fifteen (15) percent of price Completion of the roof slab of the Building that the Apartment is located within. CSD plus twelve (12) months.
4. Thirty (30) percent of price On completion of render within the Apartment. CSD plus eighteen (18) months.
5. Fifteen (15) percent of price Completion Date of the Apartment. CSD plus twenty four (24) months.