STEP BY STEP GUIDE TO
BUYING OFF-PLAN IN DUBAI

1. Define Your Investment Goals

Off-plan properties offer specific benefits. Consider your priorities:

Best Price: Secure prime units at the most competitive prices.
Profit Potential: Potential for reselling your unit prior to completion for a profit, depending on market conditions.
Flexible Payments: Benefit from manageable payment plans, often with lower initial deposits.

2. Partner with an Off-Plan Real Estate Specialist

An agency with strong developer relationships is key. They offer:

Access to Diverse Projects: Explore the best off-plan options aligned with your needs.
Expert Guidance: Your agent acts in your best interest throughout the process.
Smooth Transactions: They’ll ensure proper contracts, timely updates, and a seamless handover.

3. Discover Your Ideal Off-Plan Property

Your agent helps you find the perfect match. They will:

Align Projects with Your Criteria: Suggest options based on your goals and requirements.
Provide Essential Details: Offer floor plans, payment schedules, brochures, and more.
Arrange Site Visits: Visit “mock properties” (if available) to experience finishes and layouts.

4. Secure Your Off-Plan Unit

Ready to commit? Here’s what happens next:

Visit the Developer: Accompanied by your agent, visit the developer’s sales office.
Choose Your Unit: Make your selection and reserve it by signing the Sales Purchase Agreement (SPA).
Initial Deposit: Typically a 10-20% deposit is required, along with passport copies and fees.

5. Manage Your Payments

Adhere to the Payment Plan: Make timely payments as outlined in your contract.
Resale Option: Many contracts allow resale during the construction phase. Consult your agent.

6. The Handover & Beyond

It’s time to take possession!

Final Inspection: Thoroughly check your property for any necessary adjustments.
Receive Your Keys: Make the final payment and collect your keys.
Agent Support: Your agent can facilitate a smooth handover and help with the move-in.