How to Buy Offplan in Dubai
STEP BY STEP GUIDE TO BUYING OFF-PLAN IN DUBAI
STEP BY STEP GUIDE TO BUYING OFF-PLAN IN DUBAI
1. Define Your Requirements
When buying off-plan, you're investing in a property that hasn’t been constructed yet — but there are clear advantages to this approach:
-
Competitive Pricing: You get first pick of the best units at the most attractive launch prices, which boosts your return potential.
-
Early Profit Potential: Many investors choose to sell before the project is completed, often at a profit if the development gains popularity and market conditions are strong.
-
Flexible Payment Options: Off-plan often comes with low initial costs and manageable monthly installments.
Start by identifying what you want — your budget, ideal location, preferred developer, type and size of unit, and must-have amenities.
2. Partner with an Off-Plan Property Specialist
Although buying off-plan is one of the simplest real estate processes in Dubai, it's important to work with a real estate agency that specializes in this segment. Agencies with strong relationships with top developers can offer you a wider selection and better insights. Your dedicated agent will ensure all documentation, project updates, and the eventual handover go smoothly. Make sure your agent is officially registered with major developers and their projects.
3. Search for the Perfect Unit
Your agent will match your preferences to the best available projects. They’ll provide you with everything you need — detailed brochures, floor plans, payment schedules, videos, and more — so you can make an informed choice. Many developers also showcase model units that replicate actual layouts, materials, and finishes. If available, your agent can take you for a site tour too.
4. Reserving Your Chosen Unit
Once you’ve selected your desired unit, your agent will take you to the developer’s sales office to formalize the reservation. You’ll sign the Sales and Purchase Agreement (SPA) and pay an initial booking fee, typically ranging between 10–20%.
You’ll also need a copy of your passport. Within 30 days, you must pay the 4% Dubai Land Department (DLD) registration fee and an AED 1,000 Oqood fee.
5. Following the Payment Schedule
You’ll need to stay on track with your payments as outlined in your contract until the final handover. Many projects also allow for re-selling during the construction phase if needed. Be sure to fully understand your payment obligations — your agent can guide you through the terms and clarify any concerns.
6. Final Handover
When your property is ready, you’ll do a final inspection to check for any defects or “snagging” issues that need to be addressed. After this, you’ll make your last payment and receive your access cards and keys. Your agent will assist throughout this final stage to ensure everything is handled efficiently so you can enjoy or lease your new property without delays.
Similar Guides
