The Studio Apartment by Imtiaz
The Studio Apartment by Imtiaz forms part of a two-phase mixed-use development located on Sheikh Zayed Road. The project brings together residential, office, and retail spaces, with separate pricing and handover schedules for each phase.
Phase 1 studios range from approximately 420 to 520 sq. ft., with prices starting from AED 649,000 and an EOI amount of AED 32,450. Handover is scheduled for Q1 2029.
Phase 2 studios start from approximately 380 sq. ft., with prices starting from AED 666,000 and an EOI amount of AED 50,000. Phase 2 is scheduled for handover in Q2 2029.
Features & Amenities
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Payment Plan
Studio Apartment buyers can choose between standard and post-handover payment options. The applicable schedule depends on the selected phase.
Phase 1: 50/50 Standard Plan
Under the Phase 1 standard plan, 50% of the property price is paid during construction and the remaining 50% is payable at handover.
|
Installment
|
Milestone
|
Percentage
|
|
Booking / EOI
|
On booking
|
5%
|
|
1st Installment
|
At 30% construction
|
15%
|
|
2nd Installment
|
At 60% construction
|
15%
|
|
3rd Installment
|
At 90% construction
|
15%
|
|
Final Installment
|
On handover in Q1 2029
|
50%
|
For a Studio Apartment starting from AED 649,000, the Phase 1 EOI amount is shown as AED 32,450.
Phase 1: 60/40 Post-Handover Plan
The Phase 1 post-handover plan allows 60% to be paid during construction, 10% at handover, and the remaining 30% over three years after handover.
|
Installment
|
Milestone
|
Percentage
|
|
Booking / EOI
|
On booking
|
5%
|
|
1st Installment
|
At 30% construction
|
20%
|
|
2nd Installment
|
At 60% construction
|
20%
|
|
3rd Installment
|
At 90% construction
|
15%
|
|
Handover Installment
|
On handover in Q1 2029
|
10%
|
|
Post-Handover
|
Over three years
|
30%
|
Phase 2: 50/50 Standard Plan
The Phase 2 standard payment schedule begins with a 20% booking payment, together with 4% DLD charges and applicable administration fees.
|
Installment
|
Payment Date or Milestone
|
Percentage
|
|
1st Installment
|
On booking
|
20% + 4% DLD + fees
|
|
2nd Installment
|
15 November 2026
|
5%
|
|
3rd Installment
|
1 April 2027
|
5%
|
|
4th Installment
|
15 August 2027
|
5%
|
|
5th Installment
|
1 January 2028
|
5%
|
|
6th Installment
|
15 May 2028
|
5%
|
|
7th Installment
|
1 October 2028
|
5%
|
|
Final Installment
|
On completion in Q2 2029
|
50%
|
The Phase 2 pricing table shows an EOI amount of AED 50,000 for the Studio Apartment. This EOI figure should be distinguished from the full booking payment stated in the payment schedule.
Phase 2: 60/40 Post-Handover Plan
The Phase 2 post-handover plan requires 60% by completion and allows the remaining 40% to be paid over three years after handover.
|
Installment
|
Payment Date or Milestone
|
Percentage
|
|
1st Installment
|
On booking
|
20% + 4% DLD + fees
|
|
2nd Installment
|
15 November 2026
|
5%
|
|
3rd Installment
|
1 April 2027
|
10%
|
|
4th Installment
|
15 August 2027
|
5%
|
|
5th Installment
|
1 January 2028
|
10%
|
|
6th Installment
|
15 May 2028
|
5%
|
|
Final Installment
|
On completion in Q2 2029
|
5%
|
|
Post-Handover
|
Over three years
|
40%, approximately 3.3% quarterly
|
Floor Plan
The Studio Apartments are offered in different sizes across the two development phases.
|
Phase
|
Studio Size
|
Starting Price
|
Handover
|
|
Phase 1
|
420–520 sq. ft.
|
AED 649,000
|
Q1 2029
|
|
Phase 2
|
From 380 sq. ft.
|
AED 666,000
|
Q2 2029
|
The studio format provides a compact residential layout within a single unit type. Buyers can select between the larger Phase 1 size range and the Phase 2 studio option starting from 380 sq. ft.
Exact internal layouts, floor positions, views, dimensions, and unit availability may vary and should be confirmed against the official floor-plan documents for the selected apartment.
Master Plan
The Studio Apartments are part of a two-phase development on Sheikh Zayed Road, with each phase offering residential and commercial property options.
Phase 1 is scheduled for handover in Q1 2029 and includes:
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Studio apartments
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One-bedroom suites
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One-bedroom apartments
-
Two-bedroom apartments
-
Three-bedroom apartments
-
Office spaces
-
Retail spaces
Phase 2 is scheduled for handover in Q2 2029 and includes:
-
Studio apartments
-
One-bedroom apartments
-
Two-bedroom apartments
-
Three-bedroom apartments
-
Office spaces
-
Retail spaces
The development’s mixed-use structure combines residential apartments with office and retail properties. Studio buyers can choose between two phases according to their preferred unit size, starting price, payment schedule, and handover date.