Buying Off-Plan Property in Dubai

Buying property off plan has many advantages, but it can be stressful if the process is unclear, which is why we have outlined the steps for you below. It’s essential to do prior research into the developer and the project before making an off-plan investment in Dubai.

• An opportunity buying the best unit(s) at the lowest possible price for the project, and in turn maximizing the returns on your investment.
• An opportunity to sell used items before the completed project.
• Better payment plans are available for off-plan properties, with usually lower upfront costs.

The decision on what type of property to buy is then based on budget and needs. Working with a seasoned agent or agency who’s familiar with market’s off-plan projects and developers is a great place to start.

• Select the typical investment
• Viewing
• Booking
• First instalment & DLD Fees
• SPA Signing
• Oqood registration
• Settle Due Instalments
• Project Completion Date
• Inspection & Handover

Is Property in Dubai Tax free?

Due to the fact that Dubai is a tax-free emirate, both tourists and residents favor it as a vacation spot. Dubai doesn’t have to rely on direct taxes to generate income because of its oil and trade profits.