Sale and Purchase Agreement
Also called: SPA
The Sale and Purchase Agreement is the contract between a buyer and a developer for an off-plan unit, setting the price, payment plan and handover terms.
It is the document that actually governs an off-plan purchase: what is being bought, what happens if the handover date slips, and what the buyer's remedies are.
It is worth reading properly, and worth having read by somebody independent, before any significant payment is made.
Related terms
Dubai Diligence is an independent property-data service built on official Dubai Land Department records. We are not a brokerage and no developer pays us. This is general information, not legal, financial or tax advice.
