Purchasing a property before it is built comes with a need for security and clear process. Buyers want to feel confident that their investment is safe and their rights are clear from the start. This is where a specific framework of services comes into play. It is known as the Oqood off plan services.
A legal contract for protection:
At the core, these services create a formal contract between the buyer and the developer. This is not a simple receipt. It is a legal document registered with the authorities. It lists all the agreed terms, protecting the buyer’s financial commitment from the earliest stages.
Official tracking of payments:
The system provides a structured and official way to record all payments. Each installment you make is logged against your specific contract. This creates a clear, government-backed paper trail for your investment, giving you peace of mind about the financial process.
Public registration of your rights:
Once issued, your contract is added to a public register. This step is very important. It legally confirms you as the owner of that specific unit. It prevents the developer from selling the same property to someone else, securing your claim.
A clear framework for the project:
These services help manage the entire building project. They set out the timeline for construction and the schedule for your payments. This links your payment plan directly to the developer’s building milestones, promoting accountability.
A basis for future resale:
If your plans change, having this registered contract is very useful. It allows you to sell your purchase right to another buyer before the building is complete. The official record makes this secondary sale process smoother and more secure for all involved.
The step before title deeds:
Think of this contract as the important first phase of ownership. Once the building is finished and all payments are done, this contract is the key document you use. You exchange it for the final title deed, completing your full property registration.
This system turns a promise into a secure, registered fact. It provides structure, safety, and legal clarity for buyers from the moment they invest. For anyone considering an off plan purchase, it is the essential foundation that makes the process reliable and transparent.
