UAE off-plan glossary

SPA (Sales & Purchase Agreement)

The binding contract between buyer and developer that sets out the unit specification, price, payment plan and handover commitment.

The Sales & Purchase Agreement is the primary legal contract for any off-plan purchase. It records the unit specification (size, layout, finishes), the agreed price, the full payment schedule, the anticipated handover date, the snagging and remedies framework, and the parties' obligations. Buyers should review the SPA carefully — especially the handover date, anticipated completion clause, and resale conditions — before signing.