Thursday, April 24, 2025
1. Verify the Developer:
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Ensure the developer is officially registered with Dubai Land Department (DLD).
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Review their past projects, delivery timelines, and construction quality.
2. Review the Sales Purchase Agreement (SPA):
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Read the contract carefully or consult a real estate lawyer.
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Pay attention to payment terms, delivery date, guarantees, and penalties.
3. Buy Only in a Registered Project (Oqood):
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Unregistered projects may carry legal and financial risks.
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Confirm the project has a valid building permit and developer insurance.
4. Official Property Registration:
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Don’t rely only on the SPA—register the property with the DLD to obtain a title deed.
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Legal registration protects your ownership rights and prevents disputes.
5. Clarify Service Fees & Municipal Charges:
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Ask about yearly maintenance fees and applicable taxes.
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These costs affect your future ROI and rental income.