FAQ
DISCOVER CLEAR ANSWERS TO QUESTIONS THAT MATTER FOR INVESTORS
1. What does buying a property off plan mean?
Buying a property off-plan means purchasing it before it’s built, often during the early stages of development. This allows buyers to secure units at lower prices, choose prime locations or layouts, and benefit from potential property value growth by the time construction is complete.
2.Can anyone buy a property in Dubai ?
In contrast to many other nations, the real estate market in Dubai is open to anyone. You are free to purchase and own property in any of Dubai’s freehold neighbourhoods.
3. How can properties be registered in Dubai ?
The Dubai Land Department (DLD) is the official government body responsible for registering and documenting all real estate transactions in Dubai. These transactions are processed through a secure electronic platform known as the e-register, following DLD’s specific guidelines and required documentation. Developers use a dedicated self-registration system to record their transactions, while all other property-related procedures must be completed by the owner or their authorised representative — holding a valid power of attorney — at one of the designated Real Estate Registration Trustee centers located throughout Dubai.
4. What guarantee do I have that my development will be completed ?
The Real Estate Regulatory Authority (RERA) has established several requirements that the developer must meet in order to help ensure that an off-plan project is finished. One of these demands that the developer possess all the project-related land. Additionally, the developer must either provide a 20% bank guarantee down payment, place 20% in an escrow account, or finish 20% of the building before selling off-plan. RERA requires contractors to present a 10% performance guarantee in addition to the procedures.