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Munzir Amin

Off-plan on Al Reem: ask about ADGM's rules

AI illustration of a UAE residential construction site, not an actual project update
Al Reem Island sits within ADGM, which has its own property framework. In an announcement dated 10 October 2024, ADGM said it had enhanced its Real Property Regulations and introduced new off-plan development regulations following its expansion to Al Reem Island. The changes include enhanced legislation for off-plan development, off-plan sales and escrow arrangements, and its AccessRP platform covers off-plan sales and project registration. Before reserving in an Al Reem project, ask how the project is registered under ADGM's framework and where the escrow account is named in your official documents. Pay only to that account, quote your unit number and keep a receipt for each payment. If an instruction asks you to pay elsewhere, stop and confirm it in writing first. Prepared by Masterpiece Property. AI-generated illustration, not a photograph of an actual property or project.

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