Buying off-plan means reserving a home before construction finishes, sometimes even before the foundation is poured. Developers sell 60–70% of most projects this way because it provides them with capital while offering buyers lower launch prices and flexible payment plans. The system has matured significantly since the 2008 crash: every dirham paid by buyers now sits in government-monitored escrow accounts, and developers must reach strict construction milestones before withdrawing funds. New projects launch almost weekly across Dubai, ranging from affordable studios in JVC to multi-million-dirham penthouses on the Palm. Handover dates typically fall 24–48 months after launch, though some fast-track buildings complete in 18 months. Advantages of Buying Before Completion Launch prices are 15–35% below expected ready value Payment plans spread the cost over 3–7 years, often with 50–80% payable only after handover First choice of floor, view, and layout (high floors and best views s...
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