Element by Iman is a residential project in Dubai Science Park, Dubai, offering studios, 1-bedroom and 2-bedroom apartments. The project is being developed by Iman Developers and is currently positioned as an off-plan opportunity, with completion scheduled for December 2029

One of the key points being promoted for Element by Iman is a 4% pre-launch discount, The proposed payment structure is also designed around a 40/60 split, with 40% paid before handover and the remaining 60% due at handover.

What Does the 4% Pre-Launch Discount Mean?

A 4% discount means the buyer could potentially reduce the listed purchase price by 4% if the offer applies to the selected unit and is confirmed by the developer.

For example, a property priced at AED 1 million would receive a discount of AED 40,000. The adjusted purchase price would therefore become AED 960,000.

The actual saving depends on the unit price. Iman Element is currently associated with starting prices of around AED 800,000 to AED 850,000 for studios, AED 1.25 million to AED 1.30 million for 1-bedroom apartments, and AED 1.65 million to AED 1.75 million for 2-bedroom apartments.

How Much Could Buyers Save With 4%?

So at starting studio apartment price of AED 800,000, a 4% discount would equal AED 32,000. The adjusted price would be AED 768,000 if the full discount applies to the purchase price.

At AED 850,000, the discount would be AED 34,000, bringing the adjusted figure to AED 816,000.

For a 1-bedroom apartment priced at AED 1.25 million, 4% equals AED 50,000. The adjusted amount would be AED 1.20 million.

At AED 1.30 million, the saving would be AED 52,000, resulting in an adjusted figure of AED 1.248 million.

For a 2-bedroom apartment priced at AED 1.65 million, the 4% discount would equal AED 66,000. At AED 1.75 million, the saving would rise to AED 70,000.

These calculations show the potential effect of the offer.

Element by Iman 40/60 Payment Plan Explained

The proposed payment plan for Element by Iman follows a 40/60 structure. Under this arrangement, buyers would pay 40% of the purchase price before handover, while the remaining 60% would be paid when the property reaches handover.

This structure places a larger portion of the financial commitment at the completion stage. For a buyer, that means the main planning requirement is not the initial booking amount but the ability to arrange the 60% balance when it becomes due.

Example of the 40/60 Plan

Suppose a buyer selects a property priced at AED 1.25 million before any applicable discount.

Under a 40/60 structure:

  • 40% would equal AED 500,000
  • 60% would equal AED 750,000
  • Total purchase price would be AED 1.25 million

If the confirmed 4% discount were applied to the full purchase price, the saving would be AED 50,000. The adjusted purchase price would become AED 1.20 million.

At that adjusted amount, 40% would equal AED 480,000, while the remaining 60% would equal AED 720,000.

This example shows why buyers should calculate the discount and payment plan together rather than looking at the 4% saving separately.

Why the 4% Discount Matters!

A pre-launch discount can reduce the effective acquisition price. This can be useful for buyers who are entering an off-plan project at an early stage and want to lower their initial purchase cost.

The saving also affects the amount on which the payment percentages are calculated if the discount is applied before the payment schedule is calculated. However, this depends on the developer’s terms.

Buyers should therefore ask whether the 4% discount is applied to the basic property price, whether it applies to selected units only, and whether any conditions are attached to receiving it.

They should also confirm whether registration fees, agency fees or other transaction costs are calculated before or after the discount. A lower property price does not automatically mean that every purchase-related charge will fall by the same percentage.

Element by Iman Location in Dubai Science Park!

Element by Iman is located in Dubai Science Park in Al Barsha South. Top Ultra Luxury lists the project as a single 12-storey residential building with studios, 1-bedroom and 2-bedroom apartments.

Dubai Science Park is positioned along the Sheikh Mohammed Bin Zayed Road corridor and provides access to several established parts of Dubai. The location can be relevant for professionals working in healthcare, science, education and related industries because the district has a strong connection with Dubai’s science and healthcare sectors.

The project is also close to established residential communities in Al Barsha South. Buyers assessing the investment should look at rental demand, competing projects, current transaction prices and future supply rather than relying on the discount alone.

Who Could Consider the Pre-Launch Offer?

The 4% offer may be relevant to buyers who already intend to purchase in Dubai Science Park and want to reduce their acquisition cost.

It can also be useful for investors comparing several off-plan projects. A discount provides a straightforward way to compare the effective entry price, but it should be assessed alongside the payment schedule, unit size, floor, view, service charges and expected completion date.

For an investor, the purchase price is only one part of the calculation. Future rent, occupancy, resale demand and holding costs will have a larger impact on the final return.

What Should Buyers Confirm Before Booking?

Before relying on the 4% discount or 40/60 payment plan, buyers should confirm five points with the developer or authorised sales representative.

First, confirm that the 4% pre-launch discount is still available. Second, check which units qualify for the offer. Third, confirm whether the discount is deducted before calculating instalments. Fourth, obtain the complete payment schedule with exact dates and percentages. Finally, check all additional purchase costs separately.

Final Review

The Element by Iman 4% pre-launch discount could reduce the purchase price for eligible buyers, while the proposed 40/60 payment plan would place 40% of the price before handover and 60% at completion. Based on the prices currently published, the potential saving ranges from around AED 32,000 for an AED 800,000 studio to AED 70,000 for an AED 1.75 million 2-bedroom apartment, can help customers in better purchase planning.