Yes, off-plan property can be sold before completion, subject to regulatory and developer approval.
The Dubai Land Department permits off-plan resales provided buyers meet minimum payment requirements and register the transfer correctly.
Minimum payment required to resell an off-plan property
According to Gulf News, sellers must usually have paid:
- 30% to 40% of the property value before resale is permitted
The exact threshold varies by project and developer policy.
What approvals and fees apply to off-plan resales?
To sell an off-plan property before handover, sellers must:
- Obtain developer approval and a No Objection Certificate (NOC)
- Register the transfer with the Dubai Land Department
- Settle outstanding instalments and fees
Khaleej Times and The National report that resale costs may include:
- DLD transfer fees
- Developer administration fees
- Mortgage settlement or transfer costs, if applicable
Can you sell an off-plan property with a mortgage?
Yes, but the process is more complex. According to The National:
- The mortgage must be settled before transfer, or
- The buyer must qualify to assume the loan, subject to bank approval