Off-plan Services
Dubai offers investors a great opportunity to purchase high quality properties in world class locations. Our team of experts help clients achieve their investment goals by understanding the investors objective, applying marketing analysis, and subsequently identifying the right off-plan opportunity to purchase. We do the ground work and facilitate the purchasing process for you.
Why off-plan?
Firstly, off-plan properties offer buyers an affordable entry point into the real estate market, coupled with flexible payment plans that spread payments over the construction period, easing the financial burden. Buyers also enjoy a wider range of options in terms of unit layouts, views, and customizations.
Moreover, Dubai's rigorous regulatory framework, overseen by the Real Estate Regulatory Agency (RERA) and Dubai Land Department (DLD), ensures that investors' interests are protected and that developers adhere to high standards and completion timelines. Additionally, many off-plan projects are located in emerging areas with planned infrastructure developments, promising enhanced connectivity and amenities, further boosting the property's long-term value and attractiveness.
These factors collectively make purchasing off-plan property in Dubai a potentially lucrative and strategic investment.
At Hatch and Co, we review new and existing off-plan projects across Dubai with the objective of using our industry knowledge to identify units which we believe will yield and offer a strong opportunity for investors to achieve capital growth. We look at factors like location, developer reputation, project amenities, and future infrastructure plans as well as Dubai’s economic landscape, and demand and supply data such as geo-political changes which could influence the UAEs net migration inflow. Whilst Hatch and Co have real estate experience at its core, our small team also come from senior level banking, economic and entrepreneurial backgrounds.
We will take the time to understand your objectives and strategy so that we can recommend projects which meet not just your immediate needs, but your longer-term plans.
Once you have aligned on a potential project, we will recommend the unit type which we believe meets your objective, sometimes the highest unit doesn’t always provide the highest potential for capital growth and resell-ability.
On selection, we will facilitate the payment of a holding fee / deposit to the developer to secure the unit. Where able, we will endeavour to negotiate the best entry price point for your investment. In parallel, we will guide you through the payment of the Dubai Land Department fee, which is 4% of the purchase value.
We will mediate the issuance of the Sale Purchase Agreement and guide you through the signing process with the developer. This legally binding contract outlines the terms and conditions of the sale, including the payment plan, completion date, and any penalties for late delivery.
Once signed, your obligation to maintain the payment milestones according to the agreed plan becomes legally binding. This often involves a down payment followed by instalments, which can be linked to construction milestones, although the construct of the payment plan can vary between developer and project.
Once the project is near completion, the developer will inform you of the hand-over process. This will include making your final payment, although, some projects provide the opportunities for a post completion payment schedule which can be funded via a mortgage. If you wish to establish a mortgage to pay down the post completion payment milestones, we will support you through the appliable process.
On completion, the developer will hand over the property. The property will be inspected thoroughly before your final acceptance.
During the completion process, we will support you to register the property with the Dubai Land Department to get the title deed.
After handover and registration, you can move into the property. Alternatively, we will support you to identify a tenant to support your post completion rental objectives.
Off-plan financials:
DLD: 4%
Deposit: 20% (but may vary).
Registration fee: 1,000 AED
Additional administration fee: 1,000 AED (depending on developer).
Example payment schedule:
40/60: 40% over 2 years, with a balloon payment of 60% on completion E.G., end of year 3.
40/20/40: 40% over
Process / get Started:
Contact Hatch and Co and arrange an in person, or virtual meeting with one of our team. As a first discussion, we’ll answer your immediate questions, understand your objectives, and take you through the opportunity identification and purchase process.