How to Resell Off-plan Property in Dubai

What is Necessary for Selling Your Off-Plan Property

Before reselling an off-plan property, the owner must pay the developer a certain percentage of the property's value. This typically ranges from 30%–40%, unless the Sales and Purchase Agreement (SPA) states otherwise.

Resale Process

1️. The agent showcases the property on real estate platforms

2️. Once a potential buyer emerges, the transaction process begins

3️. The parties obtain the No-Objection Certificate (NOC) from the developer

4️. The buyer and seller sign contracts:

• Form F or Memorandum of Understanding (MOU), an Agreement Between the Parties
• Separate Contracts With the Representing Agent

5️. Upon MOU signing, the buyer secures their interest with a 10% deposit

6️. The deal is finalized at the Trustees Centre: payment and registration

7️. Once the transfer is complete, the buyer takes over all outstanding payments, including:

• Service Charges
• Remaining Instalments

Buyer's Expenses

– NOC Charges: $1,400

– Agency Commission: 2%

– DLD Registration Fee: 4%

– Property Transfer Fee: $500–$1,000

What if the Mandatory Percentage Isn't Paid to the Developer

A new buyer can cover it for the seller, but they must have compelling incentives:

• Low Price
• Property in High Demand

Profit Potential of Off-Plan Investments

This strategy can yield impressive returns, especially with payment plans.

For example, you buy a $1 million apartment at launch time and invest 40% ($400,000). Later, you resell it for $1.2 million. 

The return is: 200,000 / 400,000 = 50%.

However, the reselling process may take time. You might need to increase your initial investment beyond 40% or even fully finance the property while awaiting the right buyer or market conditions.