
Process of purchasing an off-plan property
-
STEP 1 - Initial Consultation & Property Selection
Connect with Us: Contact us to discuss your requirements. Whether you’re an investor or a future homeowner, we’ll help you narrow down your options based on your budget, location preference, and investment goals.
Property Viewing: Once you’ve shortlisted a few developments, we’ll arrange a virtual or in-person viewing (depending on your location). You’ll have the opportunity to review brochures, floor plans, and 3D models of the available properties.
Choose Your Property: After reviewing your options, select the property that best suits your needs. You’ll be guided on location, development timelines, and available amenities
-
STEP 2 - Register & Sign the Agreement
Registration Form: Complete our property registration form to provide us with your personal details, including budget, location preferences, and investment timeline. This allows us to tailor the best options for you.
Sales Agreement: Once you’ve selected your property, you’ll sign a Sales and Purchase Agreement (SPA). This legally binding contract details the terms of your purchase, including the payment plan, construction timelines, and handover dates.
Documents required for signing:Copy of your passport or Emirates ID (for UAE residents)
Proof of address
Initial deposit (as per the agreed-upon payment plan)
-
STEP 4 - Make payment
Dubai offers several convenient methods of payment for international and local buyers. The following are the most common options for transferring funds:
-Bank Transfer
-Credit/Debit Card:
-Cheque
Escrow account: As per Dubai’s laws, all off-plan properties must be registered under an escrow account. Payments are made directly to the developer's escrow account, ensuring that the funds are only used for the construction of the specific project.
Ensure that all payments are made in line with the milestones agreed upon in the Sales and Purchase Agreement (SPA).
-
STEP 5 - Construction Progress & Updates
Stay Updated: As part of the process, you will receive regular updates on the construction progress. Developers provide milestones and estimated completion dates.
Virtual or On-Site Inspections: Depending on the developer’s policy, you may be invited for inspections during the construction process. This is a great time to see the development’s progress, ask questions, and ensure everything is in line with your expectations.
-
STEP 6 - Handover and Final Payment
Handover and Final Payment
Completion and Handover: Upon the completion of the project, the developer will notify you of the handover date. At this point, the final payment (remaining balance) will be due.
Snagging Process: Before taking possession, a snagging inspection is conducted to ensure the property meets quality standards and is free from defects.
Handing Over the Keys: Once the final payment is made, and the snagging process is complete, you’ll receive the keys to your property.
-
STEP 7 - Step 7: Registration and Title Deed Transfer
Transfer of Ownership: Once the property is handed over, the ownership will be officially transferred to your name through Dubai Land Department (DLD). The DLD will issue a title deed in your name, confirming your ownership.
Final costs:
Registration Fees: Dubai Land Department charges a fee of 4% of the property’s sale price for registration.
Title Deed Issuance Fee: A nominal fee for issuing the title deed.
-
STEP 8 - Property Management (Optional)
After the handover, you may want to consider property management services, especially if you plan to rent out the property. Many developers offer after-sales services, including property management, rental services, and assistance with the sale of the property.