Default Resolution
for Off-Plan Properties
for Off-Plan Properties
A structured solution that prevents off-plan defaults, protects your investment, and provides flexible exit options
Overview
A solution for clients unable to complete final payments on off-plan properties approaching handover. Alma settles the outstanding amount with the developer, secures the title, and prevents contract termination.
How It Works
- Alma reviews the property, payment schedule, and client’s current status.
- Alma pays the remaining balance to the developer and takes title at handover.
- The client chooses one of two exit options:
- Buy-Back: Repurchase the property within 24 months at a fixed price.
- Profit Share: Sell the property on the open market immediately after handover and share the profit with Alma based on a pre-agreed proportion.
Eligibility
1
Off-plan properties with handover expected within 6 months
2
Minimum 40% of the total SPA price already paid to the developer
reliable and transparent
Key Benefits
Alma’s Default Resolution protects off-plan buyers from default and loss of ownership, offering flexible and transparent exit options
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Default Protection
Alma settles pending payments directly with the developer, preventing contract cancellation and securing the property title -
Flexible Exit Options
Choose between a 2-year buy-back or immediate market sale with profit sharing - both structured in advance -
Developer Compliance
All transactions are executed in coordination with the developer, ensuring smooth handover and legal clarity -
Ethical & Interest-Free
A fully asset-backed structure with no interest or hidden charges - in full alignment with UAE real estate regulations
FAQs
Need Answers? Explore Our FAQs
Standard documentation includes proof of property ownership and identification. Our team will guide you through the process.
The buy-back process is simple and fully compliant with regulations. It is facilitated through the Dubai Land Department, ensuring a smooth and secure transaction.
Yes, the client can repurchase the property at any time within the three-year period by paying the remaining amount.
Alma covers the 4% DLD fee at the time of the initial property purchase. However, when the client buys back the property, they are responsible for paying the 4% DLD fee.
No, the agreement is tied to a specific property, and it cannot be changed once the contract is signed.
If you decide not to buy back your property, ownership remains with ALMA after the 3-year term, and the initial advanced payment (if there is) is non-refundable.
No, the buy-back must be completed in a single payment of 1.2 million AED at any time within three years.
No, the right to repurchase the property is exclusive to the client who signed the agreement with Alma and cannot be transferred.
No, all terms are transparent and fixed for your convenience. ALMA operates with complete clarity, so there are no surprise charges.
Yes, you can stay in your property through a lease-back arrangement. This allows you to retain occupancy while accessing the liquidity you need.
No, between selling your property to ALMA and its potential buy-back, ALMA becomes the legal owner and landlord. You can lease the property from ALMA for your use, or ALMA can arrange for another tenant to occupy the property.
You retain a guaranteed right to buy back your property within three years from the date of sale to ALMA at a fixed rate. While you can rent the property to maintain daily oversight, there’s no need to worry—ALMA ensures the property will be in the same condition as at the time of sale when you exercise your buy-back option.
You pay an annual lease of 7% of the initial estimated property value, ensuring predictable and manageable terms.
Alma retains the rental income until the client exercises the buy-back option.
No, you have complete freedom to decide how to invest the funds. On ALMA’s website, you’ll find a wealth of helpful information and insights that can inspire you to choose the best investment opportunities.
Yes, ALMA operates within the UAE's legal framework and ensures all transactions comply with applicable regulations, including those set by the Dubai Land Department.
Our solutions are ideal for expats, foreign investors, and self-employed individuals facing challenges with traditional financial institutions.
No, the application process is straightforward and designed to minimize paperwork. ALMA’s team handles all the technicalities for you.