An off-plan resale is the sale of an off-plan unit by the original buyer to a new buyer before the project is completed. The original purchase contract is effectively assigned to the new buyer, who takes over the remaining payments and the right to the finished unit.
Where you’ll see it
You’ll see off-plan resales where a buyer wants to exit before completion, or an investor sells on a unit that has risen in value. The developer’s approval — usually a No Objection Certificate — and DLD registration of the assignment are typically required.
Why it matters
An off-plan resale only works if it follows the developer’s rules: many require a minimum percentage paid before resale is allowed, plus an NOC and fees. Skipping these steps can void the transfer. Both sides also need to understand the outstanding payment obligations being passed on.
What it is not
An off-plan resale is not a completed-property sale with a title deed — it transfers an interim interest and a contract, not a finished unit. It is also not free of the developer’s involvement; their consent is usually needed.
Example
An investor who has paid part of the price on an off-plan apartment sells to a new buyer. With the developer’s NOC, the assignment is registered, and the new buyer takes over the remaining instalments and the Oqood registration.
Connected documents and parties
Original SPA, developer NOC, assignment agreement, Oqood update; original buyer, new buyer, developer, DLD.
Going deeper: for handling an off-plan assignment safely, see a Dubai conveyancing specialist.
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