Wafi Off-plan Sales Program برنامج وافي
Definition
The programme regulating off-plan sale and lease of units, requiring the project to be licensed and the buyers’ money to be held in an escrow account released against progress.
Example
Releases from the escrow account were tied to approved progress reports.
Where it is used
Protecting buyers of units under construction and regulating developers.
Related terms
From the term to the work
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