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The Process of Buying Off-Plan Property
Finding balance between mindfulness and productivity at work.
Written By
Missay R.
Word Count
0
Date
Monday, March 11, 2024
Category
Finance
The Process of Buying Off-Plan Property in Dubai
Introduction: Why Buy Off-Plan?
Off-plan properties offer lower prices and attractive payment plans.
Step 1: Choose a Reputable Developer
Look for RERA-approved projects.
Check developer track records.
Step 2: Understand the Payment Plan
Typically 10-20% down payment.
Installments based on construction milestones.
Step 3: Sign the Sales Purchase Agreement (SPA)
Outlines payment terms, handover date, and penalties.
Step 4: Register with DLD
Pay the 4% DLD registration fee.
Step 5: Wait for Completion & Handover
Ensure snagging (quality check) before final payment.
Conclusion: Off-Plan is a Long-Term Game
Ideal for investors seeking appreciation but requires patience.
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