How to Sell Off-Plan Property in Dubai

 If you’ve invested in an under-construction unit and are now considering selling it before handover, you may be wondering how to sell off plan property in Dubai. While selling an off-plan property is allowed, it comes with specific procedures, conditions, and legal guidelines regulated by the Dubai Land Department (DLD) and the developer. Here’s a step-by-step guide to help you understand the process.

1. Check Developer's Terms and NOC Requirement

Before initiating a sale, the first step in how to sell off plan property in Dubai is to review the Sales Purchase Agreement (SPA) you signed with the developer. Most developers require that a certain percentage of the purchase price—typically 30% to 40%—must be paid before they issue a No Objection Certificate (NOC) allowing resale.

Each developer has its own policies, and obtaining an NOC is mandatory to transfer ownership. This ensures that both parties are legally protected and that the buyer is fully aware of the transaction status.

2. Find a Serious Buyer

You can list your off-plan property with a licensed real estate agent or platform that specializes in off-plan resales. Make sure to price the property competitively based on current market conditions and developer launches in the same area. The buyer will take over the remaining payment obligations and may also be interested in the long-term capital gains potential.

3. Draft and Sign the Resale Agreement

Once a buyer is secured, you’ll need to sign a Resale Agreement that outlines all terms, including the payment structure, transfer process, and any service fees. The buyer usually pays a deposit, which can be held in escrow until the transfer is completed.

4. Apply for the NOC and Complete the Transfer

You and the buyer must visit the developer’s office to apply for the No Objection Certificate. Once issued, the resale transaction is registered with the Dubai Land Department through its Oqood system for off-plan properties. The buyer will be officially listed as the new owner.

5. Pay Transfer and Agency Fees

To complete the process, the buyer usually pays the DLD transfer fee (4%), while the seller may be responsible for agent commissions (typically 2%). These costs should be clarified in the resale agreement.

Final Thoughts

If you’re asking how to sell off plan property in Dubai, the key lies in understanding your developer’s resale policies, obtaining the necessary approvals, and ensuring proper documentation. With the right strategy and legal support, reselling off-plan property in Dubai can be both smooth and profitable

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