Off-Plan Purchase Process

An Off-Plan property is any property that is purchased while being constructed by the developer, or during the early stages of construction. 

The off-plan property purchases in Dubai are very popular due to the investment returns and profit margins. 

 It will include identifying the down-payment, your installments, and legal charges. 

Our representative will position you with a real estate agent, and provide you with valuable insights regarding developer projects that have been historically reliable and successful as a predictable investment market values. Most important to you, our connections with the developers aid in very beneficial negotiating of the final price and the number of installments made available to you. 

As a buyer, you are dependent on the floor plan. It's important to identify and verify all the details regarding the project. We'll help you identify developer market reputation, hand-over date historical reliability, court cases, and land lease verification. A thorough verification will exempt you from future concerns and hassles. 

We'll help you identify different payment plan options being offered by the developers. These selections can assist you with negotiations, payment terms, possible unknown discounts, timelines, etc. As with any real estate investment, make sure you check the completion date and verify there are no unexpected costs before signing the contract.

It varies from developer to developer, but they are normally accepted in cash, bank transfer, Bitcoin, credit card, and checks.er to this item.

A legal document with the buyer's personal information, type of property, payment structure, and amount of down payment. Both parties are required to sign the form before moving forward to the next step.  

Signing a SPA is one of the most critical U.A.E. steps in buying an off-plan property. It includes details regarding property value, property unit layout, handing over date, and the  payment plan. 

It serves as a written agreement between both parties. Read the agreement carefully, and verify there are no hidden charges or conditions. Verify the developer’s name, personal information and all the details regarding the property. 

It will be necessary to register the agreement with government entities like TAMM in Abu Dhabi or the DLD in Dubai. 

It will be time to transfer the down payment to the developer after signing the agreement.  The down payment is paid before signing the sales and purchase agreement. The amount is commonly between 10% to 20% of the total, but as mentioned, this will be dependent on developer offers and buyer selections.  The Developers will be required to provide you with an escrow account, in which the amount will be deposited. 

To check the legitimacy of an escrow account, we will guide you on how to visit the official UAE government institute website of your Emirate (example Dubai DLD).  

Once verified, you transfer the amount to the escrow account, either via wire transfer or by paying through a credit card. 

The Real Estate Brokerage commission is commonly paid by the developer.

It is suggested for Buyers to visit and inspect the finished property 7 days before the hand-over-date. As part of the inspection, buyers can testify if the finished property matches what was promised by the developer or not. Buyers must also check for the finishing, paint, interiors and materials used in consumption, etc.