Purchasing an off-plan property in Dubai presents a unique and exciting opportunity, especially for investors looking to make capital gains.
For first-time investors in this market, the entire experience could be confusing.
No worries, Antari Properties brought you a complete Step-by-Step Guide to buy an off-plan Property in Dubai.
1. Determine Your Investment Strategy
Take a minute and reflect on the following questions.
What’s your expected Return On Investment time frame?
Will you be focused on rental income, capital appreciation, or both?
Off-plans deliver appreciation, but rentals start flowing post-handover.
2. Research the Off-Plan Market in Dubai
When setting up a portfolio, remember to look into the newly launched properties.
Always check for:
Location hotspots
If your property is located around Dubai Marina, Business Bay, Dubai Creek Harbour, Dubai Hills Estate, look into other emerging districts like Dubai South.
Developer reputation
Look out for a developer with a great track record.
Project amenities
Consider the availability of parks, retail shops, schools, theatres, etc.
Create a shortlist of 3-5 projects that meet your requirements.
3. Learn About Payment Plan
The most significant advantage of buying off-plan property is the diverse payment methods.
Commonly used methods are:
Payments in Progress:
An initial ten per cent deposit, and further instalments at twenty, forty, sixty per cent, and at handover.
Post Handover Payment
Payments during the first year after delivery are accepted by few developers.
4. Legal and Regulatory Checks
To safeguard your purchase, ensure that you check the following:
Sales Agreement
Look closely at the sections dealing with handover date, what are the penalties, if any, for missing mark deadlines, and other outcomes relating to delays.
Title Deed Registration
Check that the developer’s name is on record with the Dubai Land Department.
Consult a real estate lawyer or advisor before signing anything.
5. Take a virtual or in-person tour of the show apartment
The majority of developers now provide show apartments or virtual tours for projects under construction.
These can be utilised to:
Check the quality of finishes, fittings, and layouts, and ensure that they meet your standards.
Evaluate views and position, Investigate construction standards
We recommend an in-person tour.
6. Reserve Your Unit
Upon selecting the option that suits you best:
Complete a reservation form and pay the advanced reservation deposit (typically 5% to 10% of the purchase price).
Secure your unit at current prices; developers increase rates after the launch phase.
Receive a receipt together with a provisional allocation letter indicating your unit number, detailing the payment plan.
7. Follow Construction Progress
You can stay up-to-date by:
Checking the site occasionally or following developer updates/photos.
Ensure milestone completion corresponds with the payment schedule.
Your active participation enables you to identify any alterations.
8. Prepare for Handover
Settle all fees before handing over the final payment, a few months before completion of the project.
In the handover inspection, you walk through the finished product and check for any sort of defects.
Transfer of the title deed comes after the developer’s checklist.
Final fees may also include: agency fee with 2% share and remaining administrative charges.
9. Register & Own
After signing off on the project:
The division of the proposed title deed can also come with agents enabling direct payment of the agency and in office or selected Dubai Land Department (DLD) at the described office.
Charge remaining balances such as administrator rent and change deposit, where the subject adjusts the domestic savings unit.
If you are looking to rent out property, then you need to collect your keys and obtain the Ejari ( an online registration system required for all rental agreements )
Congratulations! You are now the owner of an off-plan property in Dubai.
Conclusion
The off-plan property market is potent, promising, and if approached wisely, highly rewarding.
But to succeed, it’s essential to look beyond the surface and do your homework.
Are you having trouble deciding which off-plan investment to make in Dubai?
Our expert advisors are here to help you align your real estate strategies with the market’s best deals.
📞 Contact us today or explore listings on antariproperties.com/antari-listings
Disclaimer:
The information in this blog is based on research by our in-house analysts. While we aim for accuracy, real estate conditions may change unexpectedly.
Antari Properties is not liable for changes in any other specifics. We advise investors to verify information independently before making investment decisions.
