How Off Plan Developments Work For Buyers

New property projects sold during the early stages are often planned in phases. Buyers select units based on brochures or models and then follow a payment schedule linked to progress. This setup allows for planning over time.

Checking the steps involved in off plan developments Dubai will help buyers stay updated from booking to final delivery.

Initial selection and booking:

Buyers start by selecting a unit based on brochures, plans, or model displays. Project brochures include expected floor plans, measurements, and features. Once a unit is chosen, a booking form is filled out and a reservation amount is paid. This confirms the interest and blocks the chosen property from being offered to others.

Reviewing contracts:

After the booking, a sales and purchase agreement is signed. This document outlines payment schedules, construction timelines, handover terms, and cancellation conditions. Both parties sign this agreement before any further payments are made. It also includes the total purchase price and expected completion date.

Installment payments:

Payments are made in stages based on project progress. Some payment schedules are linked to construction milestones, while others may be time-based. For example, an initial down payment is made at booking, followed by payments during key stages such as foundation, structure, and finishing. Final payment is due before or during handover.

Construction period:

During construction, buyers receive progress updates through emails, photos, or official notices. Some projects allow site visits at certain stages. These updates provide general timelines, expected handover dates, and details about registration procedures.

Handover process:

Once construction is complete and approvals are received, the developer notifies the buyer about the handover date. Before handover, buyers may inspect the unit. If anything is missing or incomplete, a list is prepared for adjustments. Upon handover, buyers receive access to the property after signing final documents and completing all payments.

Registration and documents:

After handover, ownership is registered with the land department. A title deed or an equivalent ownership certificate is issued. This process confirms the buyer’s name on the records. If the buyer used financing, the bank coordinates with the registration office to complete this step.

Each step of an off plan purchase follows a process outlined by official procedures, with payments and documents recorded along the way.