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buying with provident

Your Go-To Guide to Buying Off-Plan
Property in Dubai

Explore the off-plan property market with Provident and secure the best properties in Dubai!

Purchasing off-plan property can sometimes feel like a complex process, but we’re here to turn that into an exciting opportunity! With the right guidance, what seems challenging can quickly become a rewarding investment journey. For investors, attractive payment plans ensure faster returns on equity.

Explore the future of Dubai real estate with our comprehensive Off-Plan Property Guide, designed for those looking to own a piece of this vibrant city, Our curated selection from top developers features a range of exceptional homes, from luxurious high-rises to peaceful family villas.

This guide offers more than just options; it’s a resource packed with insights to help you navigate Dubai’s evolving real estate market with confidence.

Whether you’re making your first investment or expanding an existing portfolio, our guide provides the knowledge you need to make informed and strategic choices. At Auriss Properties, we bring you exclusive off-plan opportunities, connecting you to properties that offer both growth potential and an exceptional lifestyle. Let us make your property journey a seamless and exciting experience.

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Off-Plan Guide

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Define Your Purpose

Begin by clarifying your goals for buying a property. Are you planning to make it your home or use it as an investment? Consider your budget, desired locations, and the reputation of the developer. This helps you identify the right unit at the best price. For investors, this strategy can lead to profitable resales even before project completion.

Partner with a Trusted Real Estate Agency

Off-plan purchases can raise concerns like project delays or reliability issues. When you choose Auriss Properties, you gain access to Dubai’s top developers and a team of dedicated professionals who prioritize your interests. Our experts ensure that all details, from start to finish, are meticulously handled, guaranteeing your property is delivered as promised.

Make a Wise Selection and Safeguard Your Investment

Select your property carefully, paying attention to the size, layout, views, and included features like appliances. To secure your investment, learn about escrow accounts—these hold your payments securely, ensuring the funds are used appropriately. This extra layer of protection ensures your investment is safe throughout the process.

Finalizing the Purchase

nce you’ve found the perfect property, lock it in by signing the Sales and Purchase Agreement (SPA) and paying the initial deposit. You’ll also need your passport, along with Dubai Land Department (DLD) and Oqood fees, which are due within 30 days. Review the SPA carefully to understand both your obligations and the developer’s. You may want legal advice for additional clarity. Be aware of phased payment plans, and explore financing options to ensure a smooth process.

Managing Payments

Off-plan purchases follow a phased payment structure, aligned with construction progress. You’ll receive invoices 30 days before payments are due, allowing ample time to arrange payments. Stay on track with the schedule to ensure smooth ownership. If resale becomes necessary, it’s typically allowed before completion. For any concerns regarding your payment plan, our agents are here to assist.

Handover and Final Inspection

At the handover phase, you’ll conduct a thorough inspection of your property to address any final details. Auriss Properties can assist with snagging services to ensure everything is in order before you move in. After the final payment is made, you’ll receive your keys and access cards, with our team guiding you through every detail for a smooth handover process.

faq

Buying Offplan Properties in Dubai

Off-plan property refers to real estate that is purchased before construction is completed or while it’s still in the planning stages. Buyers typically invest at a lower price compared to completed properties, with the potential for capital appreciation.
Buying off-plan often comes with attractive prices, flexible payment plans, and the opportunity to purchase in prime locations. Investors can benefit from significant price appreciation by the time the property is completed.
Yes, provided you choose a reputable developer and work with a trusted real estate agency. In Dubai, developers are required to use escrow accounts to ensure your payments are secure and only used for the construction of the property.
Off-plan properties usually offer flexible payment plans, often structured in phases. These can include small initial deposits, followed by staggered payments linked to construction milestones, making the investment easier to manage financially.
Yes, in many cases, buyers can resell their off-plan property before construction is finished. This is often done through an assignment sale, where the buyer sells their contract to a new buyer. However, it depends on the developer’s terms.
Yes, certain off-plan properties are eligible for the Golden Visa, particularly if the property meets specific criteria, such as a minimum value threshold. This allows investors to obtain long-term residency in the UAE.
To protect your investment, ensure the developer has a strong track record and that an escrow account is used to safeguard your funds. It’s also wise to work with a trusted real estate agency and read through all contracts thoroughly.
The main risks include project delays, changes in market conditions, or issues with the developer. However, Dubai’s regulations and use of escrow accounts help to mitigate many of these risks.
Once the construction is completed and the final payment is made, you will take ownership of the property during the handover phase. This process typically involves a final inspection to ensure the property meets your expectations.
In addition to the property price, buyers will need to cover the Dubai Land Department (DLD) fees, which are typically 4% of the property price. There may also be administrative fees and registration charges.

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