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Off-plan properties are developments that are still in the planning or construction phase. Purchasing an off-plan property in Dubai (UAE) comes with multiple advantages, as developers often offer enticing incentives, such as flexible post-handover payment options.
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FAQ on Offplan Projects Dubai
Find clear answers to common questions about Dubai off-plan projects, including payment plans, handover timelines, legal protections, risks, and benefits, helping buyers make confident, informed property investment decisions.
What is an off-plan property in Dubai?
An off-plan property is purchased before construction is completed, usually based on plans/brochures and developer materials.
Can foreigners/non-residents buy off-plan property in Dubai?
Yes—foreigners can buy off-plan properties in Dubai (in eligible areas), and there are generally no nationality restrictions for freehold ownership zones.
What are the typical payment plans and down payment amounts?
Many off-plan purchases start with a down payment (often 10–20%), followed by installments linked to construction milestones; some developers offer smaller initial payments depending on the project.
What is an Escrow account and how does it protect buyers?
Buyer payments for off-plan projects are typically held in escrow and released according to regulated conditions, helping safeguard funds through the build.
What is the SPA (Sales & Purchase Agreement) and why is it important?
The SPA outlines your unit details, payment schedule, completion date, and key terms—so it’s the core contract to review before committing.
What are the upfront costs besides the unit price?
Buyers should budget for developer/admin fees and government charges (varies by project); your advisor should confirm a full cost sheet before reservation.
What are the main risks of buying off-plan in Dubai?
Typical risks include project delays, market fluctuations, and choosing a developer with a weak delivery track record.
What happens if the project is delayed?
Delays can happen; the SPA usually defines the completion timeline and any remedies/penalties, so it’s important to confirm the clause before signing.
Can an off-plan unit be sold before handover?
Resale before completion is often possible, but rules vary by developer/project and may require certain payments and an NOC process.
How to choose the right off-plan project?
Compare developer history, location fundamentals, payment plan, handover timeline, and rental/resale demand drivers before reserving.
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