Verity Trust Properties
the Off-Plan Sale
Off-Plan Sales
... the pre-sale during or before the construction phase
Do not search for
the right property on your own. We do that for you! We are your key to sustainable success in Dubai's
real estate market! We are your partners on the journey to outstanding and long-term gains. Get all
the information about this opportunity. We are here for you! We are your ALL-IN-ONE partner for
maximum success! This brochure provides extensive insight into perhaps Dubai's most spectacular real
estate investment opportunity – the Off-Plan Sale.
Buying from
the developer, also known as an Off-Plan purchase, involves acquiring a property that is usually still
in the planning or construction phase and is offered directly by the responsible developer. In an
Off-Plan purchase, there has been no previous owner, and you purchase the property directly from the
developer.
We are talking about the most significant
potential for value appreciation.
If you're a buyer
in an off-plan sale, you don't have to physically be present at the developer's or notary's office to
make the purchase. Moreover, it's possible to legally purchase a property from any other country.
However, it's crucial to be cautious and choose a reputable and financially stable developer when
engaging in an off-plan purchase. Fortunately, we only collaborate with the most renowned developers,
so you don't have to worry about that. The entire process is handled through us, and there are eight
simple steps to follow for your real estate investment in Dubai.
Dubai stands out for its straightforward and
hassle-free
process. You only need a few documents, such as:
- Copy of your passport and national ID or driver's license
- Proof of your residential address
- Your email address and phone number (WhatsApp)
O1
Inform Yourself
Once
you have chosen a property, you will receive all
the necessary information from us. All documents are typically meticulously compiled directly by
the developer.
O2
Reserve the Property
To
secure a unit, you will need to pay a reservation
fee. In Off-Plan Sales, this can be done at the project's introduction or launch.
O3
Initial Payment
Usually, you
have 7 days to make the initial payment. This first installment typically amounts to 20% of the
purchase price plus a 4% Land Department Fee (DLD), minus the reservation fee already paid.
The
preferred payment method is usually a bank transfer
from a German account. Sometimes, credit card payments may also be accepted.
The
purchase price payment goes into the Escrow (Trust)
Account, controlled by the Dubai Land Department. The 4% Land Department Fee goes to the
developer's account, as they handle the registration on behalf of the customer.
It is
extremely important to note that failure to make
the payment on time will cancel the reservation, and the already paid reservation fee will not be
refunded. Therefore, adhering to the payment deadlines is of utmost importance.
O4
Signing the Purchase Agreement
After you have returned the signed purchase agreement by
mail, the developer takes care of all further steps, including the property registration in the
Land Registry at the Dubai Land Department.
O5
"Oqood" Registration
The
so-called 'Oqood' document is similar to the German "Auflassungsvormerkung" and serves as
preliminary proof of ownership.
O6
Agreed Payment Plan
Payment
plans can vary significantly between developers. Typically, payments are made in installments of
10% up to the handover of keys.
O7
Creation of the Title Deed
After
completion of the construction project, the registration authority automatically sends the
'Title Deed' document by email. Property transfer in Dubai usually takes place electronically.
O8
Handover of Keys
A handover
protocol is created after the process known as 'Snagging' (a walkthrough with the developer and
a technician through the unit). All potential construction defects are documented in this
protocol and can subsequently be fixed. The handover of keys typically takes place in the
developer's office after all necessary arrangements and inspections have been completed.
DOWNLOAD OUR OFF-PLAN SALE GUIDE
An exclusive and free guide to the off-plan sale in Dubai
We did create a guide to the off-plan sale in Dubai. It is a free guide that will help you understand the off-plan sale in Dubai. It is a must read for everyone who is interested in buying a property in Dubai. The guide is available in both English and German.
Verity Trust PROPERTIES
At Verity Trust Properties, we strive
for excellence in every aspect of our work. Our commitment to quality is evident in every detail,
from selecting prime locations to designing luxurious properties that set new standards. We believe
a home should be more than just a place to live - it should reflect your lifestyle. We focus on
creating living spaces that offer comfort, convenience, and style.
We believe in the power of
partnership. When you choose us, you're not just selecting a real estate agent but a partner
who is passionately dedicated to your success. Our expert team ensures that every decision you
make is built on a solid foundation.