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.

Invest Group Overseas is a leading investment and property development company with an extensive portfolio of delivered premium properties. Renowned for their unrivaled ability to identify and capitalize on business opportunities in developed and emerging markets, IGO has become one of the top investment companies in the Middle East.

About Developer

IGO’s team of experts works tirelessly to source and develop projects that offer exceptional returns for our investors. In addition, the company is reputable for delivering remarkable customer service and after-sales care, which has resulted in many happy clients who continue to invest with them time and time again.

Driven by a forward-thinking approach, Invest Group Overseas has achieved sustainable growth and created value for its investors. With a focus on excellence, the company strives to deliver superior returns for its partners, guided by a solid track record, sound strategy, and a deep understanding of the markets in which it operates.

Aspiring to be a leading investment and property development company in the Middle East, Invest Group Overseas is dedicated to delivering superior returns for its investors through its forward-thinking approach. Concurrently, the company aims to contribute to the growth of the cities and localities that host its projects, actively participating in the overall development of the region.