How to Sell Off Plan Property in Dubai?

 Selling an off-plan property in Dubai before its completion can be a profitable move, especially when the market is rising. Many investors purchase off-plan units with the intention of reselling them before handover. If you’re wondering how to sell off plan property in Dubai, it’s important to understand the legal procedures, developer rules, and market conditions involved.

Is It Legal to Sell an Off-Plan Property Before Completion?

Yes, selling off-plan property in Dubai is legal, but it comes with conditions. Most developers allow resale only after a certain percentage of the total property price has been paid—commonly 30% to 40%. This is to ensure the investor is committed before they are allowed to transfer the unit to another buyer.

Steps on How to Sell Off Plan Property in Dubai

  1. Check the Developer’s Resale Policy
    Each developer has their own rules regarding off-plan resales. Contact the developer to confirm the minimum payment requirement and resale fees. Some may also have restrictions on assigning the sale until certain milestones are reached.

  2. Obtain a No Objection Certificate (NOC)
    To proceed with the resale, you’ll need to obtain an NOC from the developer. This certifies that the developer has no objection to you transferring the property to a new buyer. NOCs typically involve a fee, which can vary depending on the developer.

  3. Find a Buyer
    Work with a RERA-registered real estate agent to list your property and find a potential buyer. Off-plan units are attractive due to flexible payment plans, so highlight that in your listings.

  4. Sign an Agreement and Pay Transfer Fees
    Once a buyer is found, both parties will sign a transfer agreement. A resale fee (usually 4% DLD fee plus developer fees) must be paid. The transaction is then processed through the Dubai Land Department's Oqood system.

  5. Transfer of Oqood
    Oqood is the interim registration system for off-plan properties. The developer will facilitate the Oqood transfer to the new buyer once all conditions are met.

Final Thoughts

Understanding how to sell off plan property in Dubai ensures you avoid delays or legal complications. Always consult with a real estate professional or legal advisor to ensure compliance with all contractual and regulatory obligations before proceeding with an off-plan resale

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