How to Buy Off-Plan Property in Dubai?

To begin with, it is worth noting that the UAE real estate market is open to any buyer, therefore, you will not require a visa/Emirates ID when buying off-plan property in Dubai, only a passport copy. It is recommended that you hire a real estate agent to give you detailed information on available projects.

After having chosen a suitable property, you have to reserve unit at the developer’s sales office by signing the SPA and paying a deposit fee. Next, within 30 days after registration, you are obliged to pay a 4% Fee and Oqood registration fee.

According to the payment plan, you will be required to keep up with instalments until the property is handed over to you. Once completed, you will pay the final instalment and receive the keys to the property.