Executive Key Takeaways
- •Off-plan is bought before completion and carries project-specific risk
- •Ready property lets you inspect the unit, building and neighborhood first
- •Off-plan due diligence is not optional — verify developer, approvals and contract
7
Off-Plan Due Diligence Checks
What Is an Off-Plan Property?
An off-plan property is purchased before construction or completion. It can offer different payment structures and exposure to a developing project, but buyers need to understand the project and developer carefully.
Advantages of Ready Property
You can usually inspect the actual unit, building, neighborhood and surrounding services before purchasing — which removes much of the uncertainty around what you are actually buying.
Off-Plan Due Diligence
Before committing to an off-plan unit, verify each of the following: the developer, project approvals, the contract, construction progress, delivery terms, the payment schedule, and the protections and regulations that apply.
◈Developer
◈Project approvals
◈Contract
◈Construction progress
◈Delivery terms
◈Payment schedule
◈Applicable protections and regulations
“Off-plan can offer opportunity, but due diligence is not optional.”
Looking for Custom Real Estate Advisory?
Speak directly with Asaheeb advisors in Jeddah and Riyadh to access curated off-market deals tailored to your portfolio.