Question 1

What is the payment plan?

Accepted Answer

Marina Terrace by Damac offers a flexible payment plan designed to suit both end-users and investors. Typically this includes a down payment on booking, installments during construction, and the remaining balance on handover. Contact us for the detailed payment schedule.

Question 2

Is this eligible for Golden Visa?

Accepted Answer

Yes, purchasing a property valued at AED 2 million or above qualifies for the UAE Golden Visa, granting a 10-year renewable residency. Our team can guide you through the application process.

Question 3

What are the estimated service charges?

Accepted Answer

Service charges vary by unit type and size, typically ranging from AED 12-18 per sq.ft annually. These cover maintenance of common areas, facilities, security, and building management.

Question 4

Can I rent out my unit?

Accepted Answer

Absolutely. Owners are free to rent out their units either on a long-term or short-term basis. The area offers strong rental yields, making it an excellent investment opportunity.

Question 5

What is the expected handover date?

Accepted Answer

Please contact our team for the latest handover timeline and construction updates.

Question 6

Are pets allowed?

Accepted Answer

Pet policies are determined by the building management and community guidelines. Many developments in Dubai are pet-friendly with designated areas. We recommend confirming specific pet policies with the developer.

Question 7

What are the nearby schools?

Accepted Answer

The area is well-served by reputable schools and nurseries within a short driving distance. Our team can provide a detailed list of nearby educational institutions based on your preferences.

Question 8

Is there a mortgage option available?

Accepted Answer

Yes, mortgage financing is available through major UAE banks for both residents and non-residents. Typical loan-to-value ratios range from 50-80% depending on residency status. We can connect you with our banking partners for pre-approval.

Marina Terrace by Damac

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