A buyer books an off-plan apartment directly from the developer at AED 1,350,000. How much is the 4% DLD Oqood registration fee?

In Dubai off-plan sales, what is Oqood?

1. The final title deed issued at handover
2. The developer's escrow account
3. The rental contract system for new buildings
4. The DLD interim register where off-plan sales are recorded before the title deed

Under Dubai Law No. 8 of 2007, where must an off-plan buyer's payments go?

1. Directly to the developer's main company account
2. Into the project's escrow account held by an accredited bank
3. To the Dubai Land Department
4. To the broker's client account

An off-plan unit costs AED 1,800,000 on a 60/40 plan (60% during construction, 40% at handover). How much does the buyer pay at handover?

What is a post-handover payment plan?

1. A plan where part of the price is paid in instalments after the buyer receives the keys
2. The buyer pays the full price before keys, then the developer pays rent back
3. A bank mortgage arranged by the developer
4. A refund of the DLD fee after handover

When a broker sells an off-plan unit directly from the developer's launch, who normally pays the broker's commission?

1. The buyer, 2% plus VAT
2. DLD, from the Oqood fee
3. The developer, at a rate set per project
4. The escrow bank

A developer wants to launch and advertise an off-plan project. What must happen first?

1. Only a trade licence from DET
2. Pay the 4% Oqood fee for all units
3. Get a Trakheesi permit for each broker only
4. Register with DLD as a developer, register the project and open its escrow account, and obtain written approval to advertise

Your client wants to resell (assign) his off-plan unit before completion. What do you need from the developer, and what is a common condition?

1. Nothing, Oqood transfers automatically
2. A NOC, usually after a minimum share of the price is paid (often 30% to 40%, as set by the developer and SPA)
3. A RERA broker card for the seller
4. A title deed, so assignment is only possible after handover

At handover, your buyer's snagging report finds a faulty AC unit and a leaking pipe. For how long is the developer liable for defects in such installations?

1. One year
2. Three months
3. Ten years
4. Five years

Under the escrow law, what happens to the escrow balance after the project completion certificate is issued?

1. Everything is released to the developer immediately
2. 10% is held back for two years
3. 5% is held back and released one year after units are registered in buyers' names
4. It is refunded to buyers

An off-plan buyer stops paying. DLD gives the 30-day notice and he still does not pay. The project is 85% complete. What may the developer do?

1. Keep up to 25% of the contract value and cancel
2. Keep up to 40% and refund the rest
3. Keep all amounts paid and claim the balance, or ask for the unit to be sold at public auction
4. Nothing, the buyer is protected after 80% completion

A buyer defaults on a AED 2,000,000 off-plan unit. Construction has started and the project is 45% complete. After the DLD notice expires, what is the maximum amount the developer may keep if it terminates?