Buying off-plan can give buyers access to new developments and flexible payment plans, but it is important to look beyond the launch price.<\/p>\n\n\n\n
Here are the key things to check before booking.<\/p>\n\n\n\n
Check the developer’s previous projects, delivery history, construction quality and reputation.<\/p>\n\n\n\n
Make sure the project is properly registered with the relevant authority.<\/p>\n\n\n\n
In Dubai, Dubai Land Department provides information about registered projects and off-plan developments. Its Dubai REST platform also provides project information such as completion percentage and escrow-account details.<\/p>\n\n\n\n
For Dubai off-plan projects, buyers should verify the correct project escrow-account information and payment instructions before transferring funds. DLD states that amounts collected from off-plan purchasers are deposited into the project’s escrow account.<\/p>\n\n\n\n
Understand exactly how much you will pay and when.<\/p>\n\n\n\n
For example:<\/p>\n\n\n\n
20% booking \u2192 40% during construction \u2192 40% on handover<\/strong><\/p>\n\n\n\n Also check whether registration fees and other costs are separate.<\/p>\n\n\n\n Don’t compare properties only by total price.<\/p>\n\n\n\n A AED 1.1 million apartment of 1,300 sq ft has a lower price per square foot than a AED 1 million apartment of 1,000 sq ft.<\/p>\n\n\n\n Price per sq ft helps create a more meaningful comparison between properties.<\/p>\n\n\n\n Check access to:<\/p>\n\n\n\n Location can have a major impact on both lifestyle and rental demand.<\/p>\n\n\n\n Check the project’s current construction progress and expected handover date.<\/p>\n\n\n\n Don’t rely only on marketing material. Review the contractual documents and verify the latest project information.<\/p>\n\n\n\n Remember that the purchase price is not the only ownership cost.<\/p>\n\n\n\n Consider service charges, maintenance, utilities, furnishing, property management and other applicable expenses.<\/p>\n\n\n\n If you are buying as an investment, consider who might rent or buy the property in the future.<\/p>\n\n\n\n Look at the area’s existing rental demand, competing supply and the type of tenants the property is likely to attract.<\/p>\n\n\n\n Before choosing a project, compare:<\/p>\n\n\n\n Developer + Location + Price + Price\/sq ft + Payment Plan + Construction + Handover + Service Charges + Rental Market<\/strong><\/p>\n\n\n\n A lower price or attractive payment plan alone does not tell you whether a project is suitable.<\/p>\n\n\n\n A successful off-plan purchase starts with proper research.<\/p>\n\n\n\n Whether you are considering Dubai or Sharjah, take the time to understand the project, developer, payment structure, location and contractual terms before making a commitment.<\/p>\n\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Buying off-plan can give buyers access to new developments and flexible payment plans, but it is important to look beyond the launch price. Here are the key things to check before booking. 1. Developer Check the developer’s previous projects, delivery history, construction quality and reputation. 2. Project Registration Make sure the project is properly registered […]<\/p>\n","protected":false},"author":1,"featured_media":29815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-29814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/posts\/29814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/comments?post=29814"}],"version-history":[{"count":1,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/posts\/29814\/revisions"}],"predecessor-version":[{"id":29816,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/posts\/29814\/revisions\/29816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/media\/29815"}],"wp:attachment":[{"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/media?parent=29814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/categories?post=29814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ruyahomes.com\/fa\/wp-json\/wp\/v2\/tags?post=29814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}5. Price Per Sq Ft<\/h2>\n\n\n\n
6. Location<\/h2>\n\n\n\n
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7. Construction & Handover<\/h2>\n\n\n\n
8. Service Charges<\/h2>\n\n\n\n
9. Rental & Resale Market<\/h2>\n\n\n\n
10. Compare Before Booking<\/h2>\n\n\n\n
Final Thoughts<\/h2>\n\n\n\n