The point at which a completed unit is transferred to the buyer.
Related terms
- Handover payment
The instalment due when a completed unit is transferred to the buyer, typically the largest tranche in an off-plan payment plan and the point at which snagging…
- Household formation
The rate at which new households are created, a core driver of housing demand.
- Mortgage cap
A regulatory ceiling on how much a bank will lend against a property, expressed as a loan-to-value limit; the UAE caps expat first-home LTV around 80 percent,…
- Owner association
A body of unit owners responsible for managing and funding common areas.
- Post-handover payment plan
A financing structure allowing buyers to keep paying after taking possession.
- Price per square metre
The unit price benchmark for buying or valuing residential space, the standard comparison metric across Gulf and Egyptian markets (versus price per square foot…
- Ready property
A completed unit available for immediate occupation, as opposed to off-plan.
- Ready property vs off-plan
The distinction between a completed unit available for immediate handover and one sold before or during construction; off-plan offers lower entry prices and pa…