17 Hrs
الوطن
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الوطن

2026-09-20T23:00:00.000Z

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Do not pay upfront for unfinished apartments

Do not pay upfront for unfinished apartments

The article reviews important steps and warnings to consider when purchasing an off-plan apartment to ensure buyer protection. It clarifies that having plans, photos, or equipment does not necessarily mean the project holds a valid regulatory license. Buyers must verify the authenticity and validity of the building permit from official sources, as well as ensure that the off-plan sales license is obtained if required. The article also emphasizes the importance of knowing the status of the entity receiving the funds and verifying that the company's information and registration number match those in the contract. Additionally, it is crucial to review the contract terms before making any payments. The article warns about the dangers of collecting funds outside the official channels, especially in cases involving newly established companies or those without a clear track record, as their motives might be questionable. In conclusion, it stresses that the best protection comes from verifying licenses and permits beforehand, rather than relying solely on promotional certificates or images. Following proper procedures and regulatory coordination remains the primary way to avoid financial risks when purchasing an off-plan property.

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