How to Sell Off-Plan Property in Dubai?

First of all, you have to know that while it is perfectly legal to sell off-plan property in Dubai, developers set certain restrictions in order to keep these transactions under control. Most companies allow a resale, once 30-40% of the total property value is paid off, and a payment plan can be transferred to the new owner.

So, upon paying a minimum required amount and obtaining approval from the developer, you can start searching for a potential buyer, with the help of an experienced real estate broker. The buyer and seller have to finalize both the terms and the price, sign contracts and also obtain an NOC in order to register the new buyer.

Finally, once the transfer is complete, the new owner will take over all the outstanding payments. It is essential to know that the new purchaser is responsible for paying the 4% DLD Transfer Fee, even though it would have already been paid by the initial buyer.