An off-plan property is a property that is still under construction or has not yet been built. Buyers purchase these properties based on the developer’s plans and renderings.

Benefits include lower purchase prices, potential for capital appreciation, flexible payment plans, and the opportunity to customize certain aspects of the property.

Ensure the developer is reputable, review the project’s history, check for regulatory approvals, understand the payment schedule, and clarify the handover date and terms.

Check the developer’s track record, project portfolio, and reviews. Verify their registration with the Real Estate Regulatory Agency (RERA) and ensure the project is registered with RERA as well.

Typically, it involves an initial deposit followed by staged payments linked to construction milestones, and a final payment upon completion. Payment structures can vary, so review the terms carefully.

Risks include project delays, changes in property specifications, market fluctuations, and the possibility that the property may not be completed as planned.

Yes, you can resell an off-plan property, but check the terms of your purchase agreement for any restrictions or conditions regarding resale.

You’ll typically need a copy of your passport, UAE residence visa (if applicable), proof of address, and bank statements. Developers may have additional requirements.