Any legal disposition involving the Off-plan Sale of a unit before the project is officially approved by the Competent Entities and registered with the DLD is considered null and void. Developers found offering units in fraudulent projects face a se…
Any legal disposition involving the Off-plan Sale of a unit before the project is officially approved by the Competent Entities and registered with the DLD is considered null and void. Developers found offering units in fraudulent projects face a severe administrative fine of AED 500,000. This strict regulation is designed to prevent the sale of "phantom" projects and ensures that every development offered to the public has been vetted for technical and financial viability.
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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