Off Plan

Off Plan Purchase

Buying a property off-plan means buying it before the construction has been completed and quite often even before the development has actually started to be built.

This might sound risky, but if you’re buying in a market where property prices are on the rise and the demand for new homes is increasing, it can have its rewards.

An unbeatable advantage of the off-plan purchase is a post-handover payment scheme, offered by many developers. This means that you can get an excellent investment with a little initial capital, whereas your investment will be paying off itself.

Buying off-plan isn’t always straightforward, however. You’ll need to do your homework on the developer and obtaining a mortgage can sometimes be tricky.

DAV Homez Real Estate is always there for you: we understand the market, we can explain the potential of each and every project in Dubai, we work only with trusted and reputable developers and we can get you the fastest mortgage approval with our in-house mortgage advisors.

Fees involved in purchase of a property in Dubai

When buying on the secondary market:

  • Broker’s commission varies between 2% to 5% (plus VAT) of the purchase price.
  • A no objection certificate from the developer can be anything between 500 and 10,000 AED plus VAT.
  • Registration Trustee fee is 4,000 AED plus VAT for properties valued over 500,000 AED, and 2,000 AED plus VAT for properties below 500,000 AED.
  • Transfer fee is 4% of the purchase price.
  • Mortgage registration fee (if applicable) is 0,25% of the registered loan amount.
  • Title deed issuance is 580 AED.
  • There may be additional payments associated with the service charge and utility payments for the properties.
When buying off-plan properties:
  • Booking deposit around AED 5,000-37,000, depending on the property value; the deposit is adjusted towards the 1st installment for the property.
  • Installments are usually 5% to 10% of the property value paid every three months; convenient post-handover plans are often available.
  • OQOOD (interim title) registration fee: 4% from the property purchase value + AED 3000 admin fees.
Whether you are a first-time homebuyer, an experienced investor, or looking to sell your property, we offer a comprehensive range of services to meet your requirements. From conducting thorough market research and property valuations to negotiating offers and handling all the necessary paperwork, we handle every aspect of the transaction with efficiency and expertise.