Off-Plan: Refers to properties sold before they are fully constructed – essentially buying from the
plan. Off-plan buyers often purchase from a developer during the construction phase (or even
before ground is broken), usually at a lower price, and pay according to a construction-linked
payment plan. Off-plan sales are regulated (in Dubai via Oqood) to protect buyers’ rights.
Example: They decided to buy an off-plan apartment in a tower that will complete in 2026,
attracted by the lower price and a convenient payment plan spread over the construction period.