What to expect when buying off-plan in UAE
Buying off-plan is a popular choice in the UAE due to attractive pricing and flexible payment plans
Olga Lunina
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Buying off-plan is a popular choice in the UAE due to attractive pricing and flexible payment plans. However, it's important to know what to expect during the process.
When buying off-plan, you're purchasing a property that is under construction. The agreement is based on floor plans, renders, and timelines set by the developer.
Buyers typically make a down payment and then follow a payment schedule linked to construction milestones. Developers must deposit buyer payments into escrow accounts for added security.
It’s important to review the sales agreement thoroughly and choose reputable developers with a strong track record. Delays can occur, so buyers should factor in a flexible timeline.
Off-plan homes often offer good capital appreciation by the time they’re completed, especially in emerging areas.
To learn about off-plan projects currently available in the UAE, visit Emirates.Estate.
