Buying property before construction is completed allows first time buyers to secure a unit at an early stage. Off plan projects follow a process that includes selecting a development and making staged payments until completion, giving buyers time to prepare for ownership while the property is built.
Reviewing plans and designs:
Developers provide brochures, 3D models, and floor plans to show the property’s intended layout and features. Buyers can use this information to understand the size, number of rooms, and amenities that will be included in offplan projects in Dubai Island.
Starting with project research:
First time buyers generally begin by exploring developers and available projects. They look into the developer’s past work, timelines, and the type of properties offered. This helps create an idea of which projects might suit their goals and budget.
Checking legal compliance:
It is important to confirm that the project is registered with the relevant property authority and that all mandatory approvals have been granted. This step protects the buyer from disputes later in the process.
Agreeing on payment terms:
Off plan purchases often work on a staged payment plan. Buyers pay an initial deposit, followed by instalments linked to construction milestones. This structure allows them to spread payments over the course of the project rather than paying the full amount upfront.
Signing the purchase agreement:
Once satisfied with the details, buyers sign a sales agreement with the developer. This document includes the property’s specifications, payment plan, and expected completion date. First time buyers should read this carefully to understand the commitments on both sides.
Receiving progress updates:
Throughout construction, the developer shares updates, which may include photographs, reports, or site visit opportunities. This helps buyers track progress and stay informed about any changes in timelines.
When construction is complete, buyers are invited to inspect the property. Any issues found can be reported so the developer can address them before handover. Once everything matches the agreed terms, the final payment is made and the property is officially transferred. By following the process step by step, they can move confidently through their first property purchase.
