Discover new developments in Dubai
Welcome to Engel & Völkers Dubai, your gateway to extraordinary off-plan projects in Dubai. Embark on a journey of discovery as you explore our exclusive range of new developments designed to elevate your lifestyle to new heights.
Investing in off-plan properties in Dubai and the UAE offers an opportunity to invest with flexible payment plans and the potential for capital appreciation.
Our dedicated team of Property Consultants is committed to providing tailored solutions, ensuring you find a new development that aligns perfectly with your lifestyle preferences and investment goals.
Off-plan projects offer an opportunity to increase in value as the completion date approaches and with the growth of the Dubai property market, allowing buyers to profit from capital gain.
Property developers usually offer flexible post-handover payment plans, which allow buyers to pay in instalments over time, making it easier to plan finances and manage resources.
Off-plan properties usually include the option to modify the property, allowing customers to tailor their new homes to their interests and preferences.
ENGEL & VöLKERS Dubai
Navigating Dubai's dynamic off-plan property market can be daunting, but our team of advisors is here to offer tailored solutions and expert guidance to help you make informed investment decisions. Whether you're looking for a new home or expanding your portfolio, we're committed to providing personalized support every step of the way.
Begin by assessing your investment goals, budget, location, preferred property type, and amenities you require.
It is important to choose a reputable developer. Engel & Völkers can provide insights into the most reliable developers in Dubai.
Dubai's legal framework is protecting off-plan property buyers, with regulations imposed by the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA).
Engel & Völkers offers personalized consultations to identify properties that match the buyer's specific criteria, from location to amenities and everything in between.
We arrange exclusive viewings with the developer that allows buyers to visualize their future homes with detailed plans and sometimes show apartments that are available. This process helps buyers to get a better idea of the property they are interested in before purchasing.
Understand all costs involved, including down payment, installments, and any other fees, ensuring there are no surprises.
When you find your ideal property, reserve it by signing a form and paying a down payment or a token amount.
After reserving the property, the next step is to sign the Sales and Purchase Agreement (SPA) with the developer. This document outlines all the terms and conditions of the sale, including the payment schedule and completion date.
It's important to keep up with the payments according to the payment plan mentioned in the contract until the property is handed over to you as per the contract.
The developer will arrange the handover of the property after completion and if all payment obligations are fulfilled.
You may need to sign a completion certificate and settle any outstanding payments or fees.
If you're an investor looking to rent or sell your property, Engel & Völkers can provide end-to-end assistance in this process.
Engel & Völkers Dubai
Explore the latest off-plan projects in Dubai from trusted property developers.
FREQUENTLY ASKED QUESTIONS
An off-plan property refers to a real estate purchase made before its construction, relying on the developer's floor plans and designs. Investors can acquire the property at the project's launch or at various stages of the construction process.
Yes, foreign investors can purchase off-plan property in Dubai. With its investor-friendly policies and diverse property options, the Dubai real estate market offers attractive opportunities for international buyers looking to invest in off-plan projects.
Our team can provide you with comprehensive information on purchasing real estate in Dubai.
It is important to note that you may only sometimes be responsible for covering all the costs when buying a property in Dubai. Some developers offer the Dubai Land Department a waiver on the entire or partial registration fee.
The buyer or developer/seller must pay 4% of the property's value to the DLD. The buyer must also pay AED 5,250 to obtain their Oqood Certificate. When purchasing a property from the developer, no agency fee is involved.
Payment plans for off-plan properties may vary among developers but generally involve an initial down payment. This payment usually ranges from 5% to 20% of the property's total value. The remaining amount is divided into installments tied to specific construction milestones or quarterly payments.
The final instalment is usually expected upon completion and handover of the property. Some developers may also offer post-handover payment plans, which allow for a significant amount of the payment to be made after possession.
In Dubai, the government has enacted laws and guidelines to safeguard the interests of off-plan buyers. The Dubai Land Department (DLD) oversees real estate transactions and enforces specific regulations about off-plan properties.
Key legal protections comprise:
RERA Registration: Projects must undergo registration with the Real Estate Regulatory Agency (RERA), guaranteeing transparency and adherence to regulations.
Escrow Accounts: Developers must place buyers' payments into escrow accounts, ensuring funds are allocated solely for the designated project's construction.
Sales Purchase Agreement (SPA): Contracts must meticulously delineate details such as payment schedules, penalties for delays, project specifications, and completion timelines.
These measures provide assurance and security for off-plan buyers, ensuring a transparent and regulated property investment environment in Dubai.
You can subscribe to our newsletter on our website to receive regular updates on new projects, exclusive offers, and insights into the Dubai real estate market.
To advertise a resale off-plan property in Dubai, the initial step is to meet the developer's repayment threshold, which is typically set at 30%. Following this, terms must be agreed upon, contracts must be signed, and the transfer process must be completed to facilitate the sale.
ENGEL & VöLKERS Dubai
Usman Adrees
Golden Mile Galleria 2, Office 21, Mezzanine Floor
Palm Jumeirah, PO Box 17722, Dubai, UAE