Nama Phase 5 By Alef in Muwaileh
Nama Phase 5 By Alef · Muwaileh, Dubai
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Launch Price
AED 709,000
Property Type
Apartment
Bedrooms
1 - 3 Beds
Payment Plan
10/40/20/30
Handover
Q3 2028
Projected Yield
5.9 to 8.1%
Buyers in Muwaileh can access 1 - 3 beds apartment options at Nama Phase 5 By Alef from AED 709,000. The project is scheduled for completion in Q3 2028, with payment plan details available through the developer. Projected gross returns run in the 5.9 to 8.1% range annually, in line with similar off-plan product in Sharjah. Buyers at the AED 5,000 monthly instalment level may qualify for units in Nama Phase 5 By Alef. MonthlyDubai can check against your specific budget.
Payment Plan Breakdown
From AED 9,453/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 70,900 Due on signing SPA |
|
| Construction Phase 1 | 40% | AED 18,907/mo 15 monthly instalments |
|
| Construction Phase 2 | 20% | AED 9,453/mo 15 monthly instalments |
|
| On Handover | 30% | AED 212,700 Due at Q3 2028 |
|
| Total | AED 709,000 | ||
On Booking
10%
AED 70,900
Due on signing SPA
Construction Phase 1
40%
AED 18,907/mo
15 monthly instalments
Construction Phase 2
20%
AED 9,453/mo
15 monthly instalments
On Handover
30%
AED 212,700
Due at Q3 2028
Total
100%
AED 709,000
Questions about Nama Phase 5 By Alef
What payment plan does Nama Phase 5 By Alef offer?
Nama Phase 5 By Alef uses a 10/40/20/30 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in Q3 2028.
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 Nama Phase 5 By Alef fits your budget and send you comparable alternatives.
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