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What is the Process of buying an off plan property ?

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

 

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