Jacob & Co. Beachfront Living is a branded residential project by Ohana Development in Ghadeer Al Tayr, Abu Dhabi, near the Al Jurf coastal area. The project includes apartments, villas, penthouses, sky mansions and other large residences.
The payment plan is marketed as a 70/30 structure. This means buyers pay 70% of the property price before handover and 30% at handover. Current project listings show the plan with different stages for apartments and villas, so buyers should not assume that every unit follows the same installment dates.
What Does the 70/30 Payment Plan Mean?
A 70/30 plan divides the purchase price into two main parts:
- 70% before handover
- 30% at handover
For apartments, the published schedule shows:
- 10% on booking
- 15% on signing the SPA
- 9% after 6 months
- 9% after 12 months
- 9% after 18 months
- 9% after 24 months
- 9% after 30 months
- 30% on delivery
The total is 100%.
Apartment Payment Schedule
| Payment Stage | Percentage | Timing |
|---|---|---|
| Booking | 10% | On booking |
| SPA down payment | 15% | On signing SPA |
| 1st instalment | 9% | After 6 months |
| 2nd instalment | 9% | After 12 months |
| 3rd instalment | 9% | After 18 months |
| 4th instalment | 9% | After 24 months |
| 5th instalment | 9% | After 30 months |
| Handover | 30% | On delivery |
| Total | 100% |
This structure spreads the first 70% across the booking stage, SPA and construction period. The final 30% is due when the property is delivered.
Example: 70/30 Plan on a AED 5 Million Apartment
The easiest way to understand the plan is to use a AED 5 million example.
| Stage | % | Amount on AED 5M |
| Booking | 10% | AED 500,000 |
| SPA down payment | 15% | AED 750,000 |
| 1st instalment | 9% | AED 450,000 |
| 2nd instalment | 9% | AED 450,000 |
| 3rd instalment | 9% | AED 450,000 |
| 4th instalment | 9% | AED 450,000 |
| 5th instalment | 9% | AED 450,000 |
| Handover | 30% | AED 1,500,000 |
| Total | 100% | AED 5,000,000 |
Under this example, the buyer would need AED 3.5 million before handover and AED 1.5 million at handover.
The figures above are only an example. The actual payment amount depends on the agreed unit price and contract.
Why the 30% Handover Payment Matters
The biggest point for buyers is the final 30% payment.
A buyer purchasing a AED 5 million unit would need AED 1.5 million at handover. This is a large amount, so it should be planned well before the expected delivery date.
Buyers may use savings, investment funds or mortgage finance, subject to lender approval and the project’s terms.
A 70/30 plan does not mean the final 30% is optional. It remains part of the agreed purchase price.
What About Villas and Mansions?
The payment structure can differ by property type.
Published project information shows a separate schedule for villas and mansions. One current listing gives a 5% booking payment, 20% down payment and 6.25% instalments during construction, followed by the remaining amount at delivery.
This means buyers looking at villas or mansions should ask for the payment schedule for the exact unit.
Do not use the apartment schedule to calculate the cost of a villa.
Price Examples
Current market listings show different prices by unit type. One project listing gives a starting price of about AED 9.85 million and a size range of roughly 3,551 to 7,747 sq ft for the listed inventory.
Other current listings show lower starting prices for selected apartments. This difference shows why buyers should check the latest unit price rather than rely on one advertised starting figure.
For example, if a unit costs AED 10 million under a 70/30 plan:
- 70% before handover = AED 7 million
- 30% at handover = AED 3 million
The final AED 3 million should be treated as a major cash requirement.
Handover and Construction Timeline
Current project sources give handover information around Q1/Q2 2028, although dates differ between listings. One current project database lists Q2 2028, while another gives March 2028 as the expected completion date.
Because the handover date can change during construction, buyers should use the date written in their sale and purchase agreement rather than relying only on marketing pages.
Other Costs Buyers Should Consider
The property price is not the only cost.
A buyer should also check:
- Abu Dhabi registration or administration charges
- Developer administration fees
- Brokerage fees, if applicable
- Mortgage costs, if financing is used
- Trustee or legal costs, where applicable
- Service charges after handover
- Furnishing and moving costs
One current project listing states a service charge of about AED 8 per sq ft, while another lists AED 7.5 per sq ft. This difference shows why buyers should confirm the latest approved service charge before purchase.
Buyer Guide: Is the 70/30 Plan Suitable?
The plan can suit buyers who want to spread payments during construction but can also prepare a large amount for handover.
It may be suitable for:
Cash buyers: They can plan the 70% construction payments and keep the final 30% ready for delivery.
Investors: The staged plan can reduce the need to pay the full property price at the start.
End users: Buyers planning to live in the property can use the construction period to build funds for the final payment.
The key risk is poor cash planning. A buyer should not book a unit based only on the initial 10% payment.
Jacob & Co. Beachfront Living 70/30 Plan: Key Takeaway
Jacob & Co. Beachfront Living 70/30 payment plan means 70% of the property price is paid before handover and 30% is paid when the property is delivered. For apartments, the published structure starts with 10% on booking, followed by 15% on SPA signing, five 9% instalments, and 30% at handover.
For a AED 5 million apartment, that means AED 3.5 million before handover and AED 1.5 million at handover.
Amoli