Iluka in Dubai Islands
Iluka · Dubai Islands, Dubai
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Launch Price
AED 3.88M
Property Type
Apartment
Bedrooms
1 - 4 Beds
Payment Plan
20/60/20
Handover
Q3 2026
Projected Yield
5.4 to 7.5%
With 1 - 4 beds layouts and a starting price of AED 3.88M, Iluka enters the Dubai Islands off-plan market. The payment plan is 20/60/20: 20% secures the unit, 60% is paid during construction, and 20% falls due at handover in Q3 2026. Coastal regeneration in this Dubai corridor has lifted rental values, with projected gross yields running 5.4 to 7.5%. MonthlyDubai can match you with Iluka and similar projects across Dubai based on your monthly instalment. Free, no agency fees.
Payment Plan Breakdown
From AED 388,070/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 20% | AED 776,141 Due on signing SPA |
|
| During Construction | 60% | AED 388,070/mo 6 monthly instalments |
|
| On Handover | 20% | AED 776,141 Due at Q3 2026 |
|
| Total | AED 3,880,704 | ||
On Booking
20%
AED 776,141
Due on signing SPA
During Construction
60%
AED 388,070/mo
6 monthly instalments
On Handover
20%
AED 776,141
Due at Q3 2026
Total
100%
AED 3,880,704
Questions about Iluka
What payment plan does Iluka offer?
Iluka uses a 20/60/20 payment plan. Buyers pay 20% at booking, with the remaining spread across construction and handover in Q3 2026.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Iluka fits your budget and send you comparable alternatives.
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