Yes, it is possible to sell an off-plan property before its completion in Dubai, but there are specific conditions and processes that need to be followed. The sale of off-plan properties, also known as "assignment sales," is common in Dubai's dynamic real estate market.

Key Considerations:

1. Developer Approval:

   • Requirement: The first and most important step is obtaining approval from the developer. Most developers in Dubai have policies that allow the sale of off-plan properties before completion, but they require written consent from the developer.
     
     

   • Fees: The developer may charge an assignment fee, typically ranging from 1% to 5% of the property’s original price. This fee is paid by the original buyer (assignor) and is necessary to process the sale.
     
     

2. Original Purchase Agreement:

   • The seller (original buyer) must ensure that all payments to the developer are up-to-date according to the original purchase agreement. Typically, developers require that a significant portion of the payment (often 30% to 40%) has been made before they will allow the assignment of the contract to a new buyer.
     
     

3. No Objection Certificate (NOC):

   • Requirement: A No Objection Certificate (NOC) from the developer is mandatory to proceed with the sale. The NOC confirms that the developer has no objections to the transfer of the off-plan property to a new buyer.
     
     

   • Issuance: The NOC is usually issued after the developer has ensured that all due payments are made and that the new buyer is financially capable of continuing the payment plan.
     
     

4. Transfer Process at the Dubai Land Department (DLD):

   • Once the developer’s approval and the NOC are obtained, the property transfer can take place at the Dubai Land Department (DLD). The process involves updating the buyer's information in the property register.
     
     

   • Fees: The DLD charges a transfer fee, typically 4% of the property’s purchase price, which is often shared between the buyer and the seller.
     
     

5. Market Conditions:

   • Market Impact: Selling an off-plan property before completion can be influenced by the current market conditions. If the market is strong, sellers may find it easier to secure a higher price. Conversely, in a weaker market, selling at a profit might be more challenging.
     
     

6. Investor Considerations:

   • Investment Strategy: Some investors choose to sell off-plan properties before completion to capitalize on property appreciation without having to wait for the development to be finalized. This strategy can be profitable, especially in a rising market.
     
     

Conclusion:

Selling an off-plan property before completion in Dubai is a viable option for investors and homeowners alike, but it requires careful consideration of developer policies, fees, and market conditions. By following the correct procedures, including securing necessary approvals and ensuring all payments are up-to-date, the process can be smooth and legally compliant.