When Can You Sell an Off-Plan Property in Dubai?
Selling an off-plan property in Dubai is possible once certain conditions are met, primarily depending on the developer's rules and the payment structure of your purchase. Generally, you can sell your off-plan property once you have made a specific percentage of the payment, usually around 30-40% of the total property value. However, some developers may allow sales at an earlier stage, provided you obtain a No Objection Certificate (NOC) from the developer, which confirms that you have met the necessary payment milestones and that the property is clear of any encumbrances.
The Dubai Land Department (DLD) also plays a role in this process. The property must be registered with the DLD, and all associated fees must be paid before the sale can proceed. Selling an off-plan property before completion is a common practice in Dubai, allowing investors to capitalize on the rising property market without holding onto the asset until completion. It is essential to review the sales contract and consult with real estate professionals to understand all legal obligations and potential costs involved in such a transaction.