Protection of Investors' Rights in Off-Plan Property Transactions in Dubai
Purchasing off-plan property is one of the most popular investment strategies in Dubai, as it allows buyers to acquire real estate at a relatively low price with the potential for value appreciation upon project completion.
At the same time, such transactions carry certain risks — ranging from construction delays to the complete suspension of the project. It is therefore important to understand the legal mechanisms available to protect investors' rights in such situations.
This legal alert covers the following key issues:
- which government authorities in Dubai regulate the construction sector;
- what to consider before and during the purchase of off-plan property;
- what mechanisms are available to investors to safeguard their rights in the event of a developer’s non-performance.
For more details, please refer to the attached alert.