Kensington Waters in Mohammed Bin Rashid City
Kensington Waters · Mohammed Bin Rashid City, Dubai
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Launch Price
AED 1.85M
Property Type
Apartment
Bedrooms
Studio, 1 - 3 Beds
Payment Plan
50/30/20
Handover
TBC
Projected Yield
5.5 to 7.5%
Kensington Waters is bringing studio, 1 - 3 beds off-plan apartments to Mohammed Bin Rashid City in Dubai, priced from AED 1.85M. A 50% booking payment secures the unit. Construction-phase instalments total 30%, with the remaining 20% due at handover. Projected gross returns run in the 5.5 to 7.5% range annually, in line with similar off-plan product in Dubai. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 19,138/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 50% | AED 925,000 Due on signing SPA |
|
| During Construction | 30% | AED 19,138/mo 29 monthly instalments |
|
| On Handover | 20% | AED 370,000 Due at TBC |
|
| Total | AED 1,850,000 | ||
On Booking
50%
AED 925,000
Due on signing SPA
During Construction
30%
AED 19,138/mo
29 monthly instalments
On Handover
20%
AED 370,000
Due at TBC
Total
100%
AED 1,850,000
Questions about Kensington Waters
What payment plan does Kensington Waters offer?
Kensington Waters uses a 50/30/20 payment plan. Buyers pay 50% at booking, with the remaining spread across construction and handover in TBC.
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 Kensington Waters fits your budget and send you comparable alternatives.
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