Off-plan properties in Dubai refer to real estate projects that are still under construction but are available for direct purchase from the developers. Buyers can secure these properties before they are completed, often benefiting from flexible payment plans that can span 4 to 6 years, both before and after the property’s handover. These developments offer an opportunity to invest in Dubai’s growing real estate market at potentially lower prices compared to completed properties.

Yes, off-plan properties in Dubai are generally more affordable than ready-to-move-in homes or those that are already under construction. However, the price of off-plan properties can vary depending on the location and the specific development. Prime locations and high-demand areas may have higher off-plan prices compared to developments in less established neighborhoods.

Before purchasing an off-plan property in Dubai, it’s important to understand that you are committing to buy a property that is still under construction. Make sure to carefully review the developer’s plans, including the construction timeline, property layout, and design. Additionally, ensure that the developer has a solid track record and that all legalities, such as project approvals and permits, are in place.

When looking to buy off-plan properties in Dubai, some of the top locations to consider include, Jumeirah Village Circle (JVC), Emaar South, Dubailand, Dubai South, Downtown Dubai, Dubai Hills Estate, Business Bay, Mohammed Bin Rashid City (MBR City), Palm Jumeirah, Arabian Ranches, Meydan, Jebel Ali. These areas offer a range of high-quality developments with strong investment potential and modern amenities.

Buying off-plan properties in Dubai can be a lucrative investment, as they are often available at competitive prices compared to completed properties. Many investors choose to buy multiple off-plan properties to maximize returns, benefiting from capital appreciation as the project progresses and market conditions improve. With flexible payment plans and the potential for property value increases, off-plan developments offer strong investment opportunities

Dubai is considered one of the safest cities in the world, making it a secure destination for real estate investment. Buying an off-plan property in Dubai is generally safe, provided you work with a reputable developer. To ensure a smooth investment process, it’s crucial to verify the developer’s credentials, project approvals, and legal standing before committing your funds. With proper research and due diligence, investing in off-plan properties in Dubai can be a secure and rewarding decision.

Dubai’s off-plan real estate market is thriving, offering a wide variety of investment options to suit different buyer preferences. Whether you’re interested in luxury apartments, spacious villas, or modern townhouses, Dubai’s extensive portfolio has something for everyone. This diverse range of off-plan properties makes Dubai a prime destination for international real estate investors, with developments located in both established and emerging areas across the city.

Yes, foreign clients can easily buy or own off-plan properties in Dubai. Since Dubai opened its freehold property market, international investors and buyers have been able to purchase properties in designated freehold areas across the city. Whether you are a resident or based overseas, you can invest in off-plan properties in Dubai, offering a great opportunity for foreign nationals to own real estate in one of the world’s most dynamic property markets.

Financing off-plan properties in Dubai is possible through a mortgage, though it can be more challenging than securing a traditional home loan. Typically, banks offer a maximum loan-to-value (LTV) ratio of 50% for off-plan properties, meaning buyers must pay at least 50% of the property’s value before qualifying for financing. Additionally, banks may have specific requirements regarding the type of property or development they are willing to finance. It’s important to check with lenders about the terms and conditions before proceeding with an off-plan purchase in Dubai.

Yes, buying an off-plan property can be a great choice for first-time homebuyers in Dubai. It allows them to save on initial costs and avoid the stress of building a home from scratch. Off-plan properties also provide the opportunity to secure a property at a lower price compared to completed homes, with flexible payment plans. If you’re looking for a property investment or your first home, you can explore a wide range of off-plan developments in Dubai through Manifest Real Estate, or contact us to learn more about available projects and opportunities.

Yes, it is possible to sell an off-plan property in Dubai before its completion. However, the seller must adhere to the specific guidelines and conditions set by the developer. These requirements often include approvals or restrictions on reselling, and the process may vary depending on the developer’s policies. If you’re considering selling an off-plan property, it’s important to check the terms in the sales contract and consult with the developer for the necessary steps.

If the market is performing well and the development is in high demand, property owners in Dubai can sell their off-plan contracts before the project’s completion, often at a significant profit. This is a common strategy in a strong real estate market, where the value of the property may increase during the construction phase. However, it’s important to follow the developer’s guidelines and legal requirements when transferring ownership or selling the contract.

To sell an off-plan property in Dubai, the first step is to contact the developer to determine the outstanding amount that needs to be paid in order to obtain a Sale No Objection Certificate (NOC). Typically, this is around 30-40% of the property’s value, though it may vary depending on the developer. Once this amount is determined, the seller and the buyer agree on a price, and the buyer pays the seller the equivalent of what has been paid to the developer, along with any agreed-upon differences. After the transaction, the buyer takes over the remaining payment plan, making future installment payments directly to the developer.

Investing in an off-plan property in Dubai can require a relatively low initial investment. For some developments, you may only need to pay as little as 10% upfront to secure the property, with the remaining 50% paid during construction and the final 50% due post-handover. However, it’s important to factor in additional costs such as government fees, service charges, and VAT. The exact payment structure can vary depending on the developer and the specific project, so it’s essential to review the terms carefully before committing.

Required Documents:

• Oqoodi Initial Contract
• NOC (No Objection Certificate) from Developer
• Unified Electronic Sales Contract Form (F)
• Passport, Visa, EID (Original + Colour Copy)
• Buyer Cheque

Dubai Land Department Fees:
4% of selling price + AED 40

Registration Trustee Fees (incl. VAT)
If the price of the property = / more than AED 500,000: AED 5250/-
If the price of the property less than AED 500,000: AED 3675/-