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.

Mina Rashid Yachts & Marina Off Plan Properties

Luxury in the heart of Dubai

Rashid Yachts and Marina is the new global destination for discerning yacht owners to experience Dubai’s buzzingscene in an elegant environment where beauty and luxury collide. Designed to encapsulate the ultimate modernarchitecture, it combines luxury residences and a full-service marina with an appealing mix of restaurants and shops,

AED 999,888

Starting Price

Buy Directly

from developer

Coastal Living at its Best

20 Minutes

to Downtown

30 Minutes

to Dubai Marina

10 Minutes

to DXB Airport

40 Minutes

to DWC Airport

Mina Rashid Yachts & Marina

Mina Rashid Yachts & Marina (formerly Mina Rashid and also known as Port Rashid), is an area along the coastline of Dubai, located between Bur Dubai and Deira, next to the Dubai Maritime City. The area is being developed by Emaar Properties who have plans to implement seven new communities which will occupy 6,800,000 sqft and include private beaches and marinas.

The historical area of Port Rashid is the leading commercial port of Dubai which was created back in the 1970’s when Sheikh Rashid bin Saeed Al Maktoum expanded the Dubai Creek. Over the years, Emaar has also decided to expand the possibilities of the area and make it a comfortable place for living.

The famous ocean liner which was converted into a hotel; the Queen Elizabeth 2, as well as various restaurants and entertainment activities can be found here. The developers plan to create a large shopping center called The Dubai Mall by the Sea and build residential complexes, hotels and various infrastructure facilities located along the coast of the Gulf.