What off-plan is and how the purchase works
Off-plan means buying property during construction directly from the developer, before handover. You choose a unit from the floor plans and project, lock in today's price and pay through a payment plan tied to construction milestones.
Over the build period the value may rise, and entry into a project is usually cheaper than comparable ready property. Growth and yield figures are indicative, not guaranteed: the actual result depends on the project, the area and the market.
Developer payment plans (instalments, not a loan) and buyer protection: escrow, DLD, RERA
Most developers offer developer payment plans (instalments, not a loan): typically a share during construction and the balance at handover, sometimes with post-handover instalments after you receive the keys. These are developer payment plans with no bank interest.
- Escrow. Your payments go into the specific project's escrow account (Dubai Escrow Law No. 8 of 2007) and are released to the developer as the build progresses, under DLD oversight.
- RERA. The project and developer are registered with the RERA regulator — a basic check before buying.
- Track record. Risk is reduced by choosing developers with a proven track record.
Handover dates, Oqood and remote purchase
The handover date is given by quarter. The deal is recorded through Oqood — the DLD's preliminary registration of the purchase, which secures your right to the unit before construction is complete.
Most steps of the purchase can be done remotely by power of attorney; a bank may still ask you to attend in person. We vet the project, agree the payment plan and handle DLD registration.