What does off-plan property mean?

Signing a contract to purchase a property that has not yet been built is known as an off – plan 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.

Can anyone buy a property in Dubai?

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.

How can properties be registered in Dubai?

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.

Should real estate transactions be registered in Dubai Land Department?

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 r eal estate transactions that are not registered in DLD’s registers are considered invalid.

What guarantee do I have that my development will be completed?

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 .

When is the completed property transferred to the Real Estate Registry and the title deed issued?

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.

A global investment corporation with activities in 13 countries and 10 sectors, Dubai Properties is a real estate development and management organization. The company’s main activity is large-scale residential and commercial property construction.

About Developer

Dubai Properties began with a single project, Jumeirah Beach Residence (JBR), which is acclaimed as the world’s largest single-phase residential project. Since then, it has expanded and is now one of the most popular developers in Dubai. With a number of mixed-use destinations that are not only great to live in but also good investments, the development company has transformed the city into an increasingly attractive place to buy property.

Khalid Al Malik, the Chief Executive Officer of Dubai Properties, is also the managing director of Dubai Holding and Board Member of various organizations like SmartCity Malta, Empower, Noor Bank, Dubai Creek Harbor. He also happens to be a member of the UAE International Investment Council and partakes in activities with the Dubai Council for Future Cities.

Under Al Malik’s leadership, Dubai Properties has completed over 60 projects and delivered more than 25,000 units to customers. It is currently working on developing 20 major projects that will add over 36,000 units to its portfolio, making now the best time to invest in Dubai Properties projects for sale. The company’s developments are located in some of the most sought-after locations in Dubai including Business Bay, Jumeirah Beach Residence (JBR), City Walk, Culture Village, Remraam, Mudon, Jumeirah Golf Estates, Dubai Wharf, and The Lagoons.

Some of its popular residential developments include Bay Central, Business Bay; Emaar Beachfront; JBR Walk; La Mer; The Beach, JBR; The Hills, Emirates Living; The Lakes, Emirates Living and The Views, Emirates Living. Meanwhile, its commercial portfolio comprises Bay Square Business Bay; Boulevard Plaza Tower 1 and 2, Downtown Dubai; Emaar Square, Downtown Dubai; Index Tower, DIFC and One Business Bay. If you are interested in expanding your portfolio, contact D&B Properties today to check listings for Dubai Properties properties for sale in Dubai.

When it comes to awards and recognitions, Dubai Properties has won various accolades over the years. In 2019 alone, the company won 19 awards which is a testament to its commitment to excellence. These awards include Best Real Estate Developer in Dubai (2019 Cityscape Awards), Residential Property Company of the Year (2019 Arabian Property Awards) and Best Off-Plan Project for Azao at Culture Village (2019 Property Finder Awards).

For investors and residents seeking quality and luxury, look no further than Dubai Properties. With a proven track record, an impressive portfolio, and a commitment to excellence, viewing Dubai Properties projects for sale can be the next step in your investment journey.