Buying Off-plan in Dubai
Step-by-Step Guide to Buying Off-Plan Property in Dubai
Buying off-plan property in Dubai is a popular investment strategy for investors and homebuyers. This guide explains the off-plan buying process, from choosing a property to handover, with tips to maximize your investment returns.
1. Decide What You Are Looking For
Off-plan property purchases allow buyers to invest before construction is complete. Benefits include:
- Best Price: Choose the best unit at the lowest price, maximizing ROI.
- Profit Opportunity: Investors can sell before project completion for potential profit if the market performs well.
- Better Payment Plans: Typically lower upfront costs with flexible monthly installments.
- Plan your requirements including budget, location, developer, property type and size, and community amenities and facilities.
2. Register with a Real Estate Company Specializing in Off-Plan
Working with a reputable off-plan real estate agent ensures access to the best properties.
- Agents represent you in all dealings with developers.
- They manage contracts, project updates, and handover processes.
- A registered agent with market-wide developer access provides maximum choice.
3. Finding the Right Property
Your agent will match your needs to available projects.
- Receive floor plans, payment plans, brochures, and videos.
- Some developers provide mock properties to showcase materials, layouts, and amenities.
- Site visits may be arranged when possible to assess the property and community.
4. What Happens When You Find the Property You Want
- Visit the developer’s sales office with your agent.
- Choose your unit and sign a Sales Purchase Agreement (SPA).
- Make an initial deposit (usually 10–20%).
- Required documents: passport copy, 4% DLD title registration fee, AED 1,000 Oqood fee within 30 days.
5. Making the Payments
- Follow the payment plan outlined in your contract until handover.
- Reselling during the contract term is usually allowed.
- Understand the payment plan fully; consult your agent for clarification.
6. Handover
At the end of the contract:
- Inspect the property for any snag issues.
- Make final payment to receive access cards and keys.
- Your agent will facilitate a smooth handover so you can move in promptly.
7. Start the Move-In Process
- Set up utilities and maintenance services.
- Begin living in your new Dubai off-plan property.
- Celebrate your successful investment!
Frequently Asked Questions (FAQ)
Off-plan property refers to real estate purchased before construction is completed. Buyers can benefit from lower prices, flexible payment plans, and potential investment profits.
Best Price: Early buyers can secure units at lower prices, maximizing ROI.
Profit Opportunity: Resell before project completion for potential profit if the market performs well.
Flexible Payment Plans: Typically lower upfront costs with installment options.
Begin by defining your requirements: budget, location, property type and size, developer, and desired community amenities. This ensures you select the right project for your goals.
Yes. A registered agent specializing in off-plan properties provides:
Access to multiple developers and projects
Assistance with contracts, project updates, and handover processes
Professional guidance to maximize your investment
Your agent will help you:
Review floor plans, payment plans, brochures, and videos
Visit mock properties or show units
Assess the community and amenities
Passport copy
4% Dubai Land Department (DLD) title registration fee
AED 1,000 Oqood registration fee within 30 days
Initial deposit (usually 10–20% of the property price)
Payments follow the developer’s approved payment plan until handover. Your agent will ensure you understand the schedule and may assist if you plan to resell during the contract term.
Inspect the property for snagging issues
Make the final payment
Receive keys and access cards
Agent facilitates a smooth handover process
After handover:
Connect utilities such as electricity, water, and internet
Arrange maintenance services if needed
Move in and start enjoying your new property
Yes, most developers allow resale during the construction period. Your agent can guide you through the process and ensure all legal requirements are met.
Choose properties in high-demand areas with strong infrastructure
Consider reputable developers with proven track records
Use flexible payment plans to manage cash flow
Monitor market trends for resale opportunities