A Master Developer or Sub-developer is strictly prohibited from charging any fees for the sale, resale, or any other legal disposition of off-plan Real Property Units. The only exception allowed under the law is for administrative expenses. However,…
A Master Developer or Sub-developer is strictly prohibited from charging any fees for the sale, resale, or any other legal disposition of off-plan Real Property Units. The only exception allowed under the law is for administrative expenses. However, these administrative charges must be approved by the DLD before they are collected from third parties. This regulation prevents developers from imposing arbitrary financial burdens on investors who wish to transfer their property interests during the construction phase.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
Ali Faizan Syed’s knowledge centre
Ask Ali about this question · Explore published properties · Browse all questions