Can I assign a real estate unit or off-plan contract to someone else before registering it?

Yes, in Dubai, it is possible to assign (transfer) an off-plan property contract to another buyer before the final registration and handover, but it is subject to approval from the developer and Dubai Land Department (DLD) regulations.

Key Conditions for Assignment:

1. Developer Approval:
   Most developers allow contract assignments, but they may require:

   • A minimum percentage of the purchase price to be paid (usually 30%–40%)

   • A No Objection Certificate (NOC)

   • Payment of administrative or assignment fees

2. Assignment Agreement:
   Once approved, the seller (original buyer) and new buyer sign an assignment agreement, officially transferring all rights and obligations under the original Sales and Purchase Agreement (SPA).

3. DLD Notification:
   The transaction must be recorded with the DLD through their Oqood system, ensuring that the new buyer is recognized in the official registry.

4. Fees:
   Assignment fees typically range from AED 1,000 to AED 5,000, depending on the developer, plus any applicable DLD charges.

Note:
Until the unit is registered under the new buyer’s name, the original buyer remains responsible for all obligations under the contract. It’s essential to complete the assignment process properly to avoid legal or financial risk.