An Off-plan Sale is the sale of a real property unit that is designated on a plan but is not yet constructed or is incomplete. For such a sale to be legal, the developer must take possession of the land and obtain all necessary approvals from compet…
An Off-plan Sale is the sale of a real property unit that is designated on a plan but is not yet constructed or is incomplete. For such a sale to be legal, the developer must take possession of the land and obtain all necessary approvals from competent entities. All off-plan contracts must be registered in the Interim Real Property Register to be enforceable. This allows buyers to trade or mortgage their units even before construction is finished, provided the project is approved by the Land Department.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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