Off-Plan deals

Benefits of Buying an Off Plan Property

  • Off-plan properties generally have lower prices because they are under construction.
  • The entire payment is not required at the time of purchase; just a down payment and monthly payments are required to pay off the property's worth. This relieves financial stress and provides for greater flexibility in the home purchasing choice.
  • The majority of banks and financial institutions provide appealing financing plans to assist in the repayment of off-plan houses.
  • There are no taxes involved in an off plan property investment in Dubai.
  • The stability of the currency in the UAE encourages expatriates to purchase property.
  • There will be always tenants or buyers for your off plan investment.

GUIDELINE

Most of the process of buying an off plan property is similar to purchasing a ready property. This guide compiles the differences in buying an off plan property with regards to the documentation and key focal points.
  • Oqood Registration; Oqood Registration is a service given by the Dubai Land Department to developers (DLD).
  • The Oqood Certificate is just as necessary for the registration of an off-plan property as a Title Deed on a completed project.
  • It is the pre-registration of ownership in your name and the registration of your interest with the Dubai Land Department.
  • Be watchful of unregistered developers and projects.
  • Ensure that the financial plan is suited to your time and budget.