First and foremost, before signing an off-plan unit purchase and sale agreement. It is the buyer’s duty to pay a visit to the Dubai Land Department (DLD)and the Real Estate Regulator Agency (RERA). or the individual needs to visit DLD’s Genuine website (ww.dubailand.gov.ae) to check the following: –
- Is the real estate project registered with RERA?
- For the purpose of project is there any escrow account? what is the name and number of the escrow account agent?
- What is the percentage acquired and the expected date for the completion of the project?
- Is the developer registered with RERA? id the development land owned by the developer or whether they hold any agreement between the owner and developer?
- Does the developer hold the required permits and approvals from DLD and RERA to sell unplanned units for the relevant project?