Assignment of Contract (Off-Plan Resale)

Assignment of contract is the transfer of purchase rights and obligations for an off-plan property from the original buyer to a new buyer before project completion, requiring developer approval and associated fees.


Process RequirementsDetails
Developer NOCMandatory approval required
Payment thresholdTypically 30-40% paid before assignment allowed
Assignment feeAED 5,000-20,000 or 1-2% of original price
Oqood transferRegistered buyer name updated with DLD
Financial ImplicationsResponsibility
Remaining paymentsAssignee assumes all future installments
Original depositNegotiated between assignor and assignee
Transfer costsTypically borne by assignee
Price differentialMarket-driven, can be premium or discount

Related Terms

Off-Plan PropertyAssignment of Contract (Off-Plan Resale)Oqood (Off-Plan Contract Registration)Interim Registration (Oqood vs. Title Deed)NOC (No Objection Certificate)Developer NOC (No Objection Certificate)Assignment of Contract (Off-Plan Resale)Contract Transfer

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