1. Define Your Purpose for Buying

Begin by clarifying your reasons for purchasing a property. Are you intending to reside in it yourself, or is it primarily an investment? Consider your budget, preferred locations, and reputable developers. This will enable you to secure favorable prices and select the most suitable unit. For investors, it also presents the opportunity to sell before completion and achieve significant returns.

2. Partner with a Trusted Real Estate Agency for Off-Plan Purchases

Acknowledging the potential concerns associated with off-plan buying, such as project delays or fraudulent activities, it’s crucial to collaborate with a reputable agency like Provident. Our accredited agents and established relationships with recognized developers ensure a reliable and secure transaction process. From ensuring contract compliance to providing regular project updates, we handle all aspects, guaranteeing a seamless transition.

3. Select Your Ideal Property with Care

Once you’ve chosen a property, focus on selecting the optimal unit. Consider factors such as size, layout, floor levels, orientation, and anticipated views. Confirm the inclusions, such as appliances or furnishings. Being mindful of these details ensures that you receive the desired property value and views. Additionally, be prepared to be flexible in your preferences, as your first-choice unit may not always be available.

4. Finalize the Purchase Process

After selecting your property, finalize the purchase by signing the Sales and Purchase Agreement (SPA) and submitting an initial deposit (typically 10-20%). Within 30 days, provide your passport, pay a 4% Dubai Land Department (DLD) fee, and an AED 1,000 oqood fee. Thoroughly review the SPA to understand both your and the developer’s obligations. Consider seeking legal advice for comprehensive clarity. Familiarize yourself with phased payment plans and explore financing options for a smooth transaction process.

5. Manage Your Payment Phases

Off-plan property purchases involve staggered payments linked to construction milestones, rather than a lump sum upfront. Familiarize yourself with the payment schedule and ensure prompt payments according to the contract. Adhere to the agreed payment plan until you officially take ownership of the property. Resale options are typically available if necessary. For any queries regarding your payment plan, consult our agents for guidance.

6. Handover and Final Inspection

During the handover phase, conduct a thorough inspection of your new property to identify any snag issues. Our snagging services offer expert assistance in this critical step, ensuring everything meets your expectations before moving in. Upon satisfaction, complete the final payment, receive your keys and access cards, with our agents guiding you through each detail for a seamless transition.