Meraas Nad Al Sheba Gardens Phase 5

The project offers 2 home types across 5 bedroom options. Townhouses come with 3 bedrooms and measure 2,780.86 to 3,337.67 sq ft. Villas come with 4, 5, 6 or 7 bedrooms and range from 4,935.15 to 8,614.90 sq ft. Buyers can choose between a family townhouse and a villa built for a much larger household, all within the same phase.

Nad Al Sheba Gardens Phase 5 is located in Nad Al Sheba, Dubai, with Al Khail Road as the nearest major highway. The area also links to a golf course and several luxury hotels. The developer is Meraas, which is also behind the wider Nad Al Sheba Gardens master community, so Phase 5 follows the same planning approach as the rest of the community.

Meraas offers an 80/20 payment plan on Nad Al Sheba Gardens Phase 5. Buyers pay 20% on the booking date, which comes to AED 836,000 on the entry price. A further 60% is spread across the construction period in instalments. The final 20% is due at handover, once the project reaches 100% completion. Because 80% is paid during the build, buyers should plan their cash flow around the construction schedule.

Nad Al Sheba Gardens Phase 5 fits a clear set of buyers. The mix of townhouses and large villas, a payment plan tied to construction and the short drive to the city centre all point towards end users and long term holders. These profiles gain the most:

• Families upgrading from an apartment to a townhouse with room to grow
• Large households that need the biggest villa layouts in one community
• Professionals working in Downtown Dubai or Business Bay who want a short commute
• Off plan buyers who prefer paying most of the price during construction rather than upfront
• Frequent travellers who need quick access to the airport
• Buyers who do not need to move in before completion

Buying at Nad Al Sheba Gardens Phase 5 needs a short set of documents. The list changes slightly depending on whether the buyer lives in the UAE, buys from overseas or buys through a company. These documents are needed at booking and are used for the sale agreement and the official registration:

• Valid passport copy for every buyer
• Emirates ID and residence visa copy for UAE residents
• Signed reservation form, followed by the Sales and Purchase Agreement (SPA)
• Proof of the booking payment
• Oqood registration with the Dubai Land Department, with a DLD fee of 4% of the purchase price
• Trade licence, memorandum of association and board resolution for company purchases

Off plan payment defaults in Dubai follow Article 11 of Law No. 13 of 2008, as amended by Law No. 19 of 2017. The developer cannot cancel a contract the moment a payment is late. It has to follow a fixed process, and the penalty depends on how far construction has progressed:

• Meraas must first report the default to the Dubai Land Department
• The DLD gives the buyer 30 days to pay or settle
• Below 60% completion: the developer can cancel and keep up to 25% of the price
• 60% to 80% completion: the developer can cancel and keep up to 40% of the price
• Above 80% completion: the developer can keep the contract and claim the balance, ask the DLD to sell the unit to recover dues, or cancel and keep up to 40%
• Any balance owed to the buyer is refunded within 1 year of cancellation, or within 60 days of resale, whichever comes first
• The buyer can still go to court or arbitration if the process is misused