Should I get a snagging inspection before handover?
Signed by: Sarah Al Qasimi (Lead Editor). Fact-checked by the full editorial team.
Related Questions
How do off-plan property payment plans work in Dubai?
Typical structure: 10–25% booking deposit, 5–10% on Sale and Purchase Agreement signing, milestone payments during construction (every 5–20%), and 30–40% at handover. Post-handover payment plans (paying 30–50% after completion over 2–5 years) are increasingly common. Funds must be deposited in an RERA-regulated escrow account.
Are my off-plan funds protected in Dubai?
Yes — Federal Law 8 of 2007 mandates that all off-plan funds be held in RERA-regulated escrow accounts. Developers can only access funds for construction milestones verified by RERA-appointed inspectors. This protects buyers if a developer faces financial difficulties. Always verify the escrow account number via DLD's official portal before transferring money.