Steps to Buy an Off-Plan Property in Dubai:
- Research & Choose: Pick a property type, location, and developer.
- Reserve: Pay a booking fee 2% and submit ID documents.
- Pay deposit: usually around 24% this includes the 4% DLD fee
- Sign Agreement: Sign the Sales and Purchase Agreement (SPA).
- Payments: Pay in installments based on the developer’s plan.
- Wait for Completion: Follow construction updates.
- Handover: Inspect the property, make final payments, and get the keys.
- Move In or Rent Out: Use the property as desired.
- Key Tip: Work with a reputable developer and understand the payment plan.
Watch our youtube video in the link below which explains the buying process of an off plan property in detail