Ola Residences in Al Marjan Island
Ola Residences · Al Marjan Island, Dubai
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Launch Price
AED 2.1M
Property Type
Apartment
Bedrooms
Studio, 1 Beds
Payment Plan
10/30/60
Handover
Q1 2027
Projected Yield
6.6 to 9.2%
In Al Marjan Island, Ola Residences launches studio, 1 beds apartment units with prices beginning at AED 2.1M. Buyers pay 10% on booking, 30% across the construction phase, and settle the final 60% on handover in Q1 2027. Market conditions in Al Marjan Island support projected gross yields between 6.6 and 9.2 percent per year for this category of off-plan. Use MonthlyDubai's free matching service to check whether Ola Residences fits what you can comfortably pay each month.
Payment Plan Breakdown
From AED 52,500/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 210,000 Due on signing SPA |
|
| During Construction | 30% | AED 52,500/mo 12 monthly instalments |
|
| On Handover | 60% | AED 1,260,000 Due at Q1 2027 |
|
| Total | AED 2,100,000 | ||
On Booking
10%
AED 210,000
Due on signing SPA
During Construction
30%
AED 52,500/mo
12 monthly instalments
On Handover
60%
AED 1,260,000
Due at Q1 2027
Total
100%
AED 2,100,000
Questions about Ola Residences
What payment plan does Ola Residences offer?
Ola Residences uses a 10/30/60 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in Q1 2027.
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 Ola Residences fits your budget and send you comparable alternatives.
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