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Off Plan Projects in Dubai

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Off-Plan

Properties in Dubai

Dubai is an ideal location for real estate investors looking to expand their portfolio. With its strategic global positioning and thriving economy, there are plenty of opportunities to buy off-plan properties in Dubai. An off-plan project in Dubai is an opportunity to purchase property while the development is still in progress, in order for investors to capitalize on lower prices and get a greater return on their investment once the property is completed.

Purchase of an off-plan property in Dubai comes with many advantages since most of UAE’s developers offer special terms such as post-handover payment plans. This allows for greater flexibility in terms of finance and investment in Dubai.

The city’s new residential opportunities and legislations are constantly evolving to represent a global framework and a hub for businesses to prosper, with real estate investors now zoning in on off-plan properties for sale in Dubai.

The Best Communities

in Dubai for Property Investment

Downtown Dubai

A popular tourist destination, with many visitors coming to experience its stunning skyline and unique atmosphere

Dubai Hills Estate

Dubai Hills Estate​ provides the perfect balance of urban convenience and suburban tranquillity.

Emaar Beachfront

Emaar Beachfront is a world-class residential development located on the iconic Palm Jumeirah island in Dubai.

Palm Jumeirah

Palm Jumeirah is an artificial archipelago in the United Arab Emirates, created using land reclamation.

How to Buy

in Dubai

Signing a contract to purchase a property that has not yet been built is known as an offplan property. It is more inexpensive for potential investors to invest in off-plan projects in Dubai than it is to purchase a built-in home, which is pricier. Dubai’s real estate market draws serious investors from around the world. 

In contrast to many other nations, the real estate market in Dubai is open to anyone. You are free to purchase and own property in any of Dubai’s freehold neighborhoods. 

Dubai Land Department is the sole, legally authorized entity to register and document all real estate transactions. This is done through an electronic system (e-register) dedicated to this purpose, in accordance with DLD’s specific procedures and based on certain documents and papers. The transactions undertaken by real estate developers are recorded through the developers’ self-registration system. The rest of the transactions must be completed by the owner(s) or their representatives, with an official power of attorney at the Real Estate Registration Trustee centres located in different regions across Dubai. 

All real estate legislations in Dubai stress the necessity of registering all real estate transactions including ownership, transfer, or change with or without compensation in order to guarantee the rights of investors. All real estate transactions that are not registered in DLD’s registers are considered invalid.

The Real Estate Regulatory Authority (RERA) has established several requirements that the developer must meet in order to help ensure that an off-plan project is finished. One of these demands that the developer possess all the project-related land. Additionally, the developer must either provide a 20% bank guarantee down payment, place 20% in an escrow account, or finish 20% of the building before selling off-plan. RERA requires contractors to present a 10% performance guarantee in addition to the procedures. 

The law requires developers to register completed projects in Dubai Land Department as soon as they receive a certificate of completion from the competent authorities. Accordingly, the real estate units that have been fully paid for will be transferred from the initial register to the Real Estate Registry and issuing the title deed/usufruct certificate for the investor. 

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