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Cheap Apartments for Sale in Dubai, page 1130

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  • Apartment - Studio - 1 Bathroom for sale in Oxford Gardens - Arjan - Dubai
    Apartment - Studio - 1 Bathroom for sale in Oxford Gardens - Arjan - Dubai
    Apartment - Studio - 1 Bathroom for sale in Oxford Gardens - Arjan - Dubai
    14

    Apartment

    875,000

    Premium Studio | High ROI | Brand New

    Featured

    ARABIAN ACRES REAL ESTATE L.L.C logo image

    Oxford Gardens, Arjan, Dubai

    studio

    1

    411 sqft

    2,128 AED/sqft

    Liam Chase

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    10

    Apartment

    960,000

    1BR Apartment Steps from Future Metro

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Elite, Dubai Production City (IMPZ), Dubai

    1

    2

    714 sqft

    1,344 AED/sqft

    Listed 18 days ago

  • Apartment - Studio - 1 Bathroom for sale in Building 48 - Mediterranean Cluster - Discovery Gardens - Dubai
    Apartment - Studio - 1 Bathroom for sale in Building 48 - Mediterranean Cluster - Discovery Gardens - Dubai
    Apartment - Studio - 1 Bathroom for sale in Building 48 - Mediterranean Cluster - Discovery Gardens - Dubai
    9

    Apartment

    500,000

    Close to Metro | Spacious | Family Building

    Featured

    Synergy Properties logo image

    Building 48, Mediterranean Cluster, Discovery Gardens, Dubai

    studio

    1

    474 sqft

    1,054 AED/sqft

    Listed 18 days ago

  • Apartment - 2 Bedrooms - 3 Bathrooms for sale in Canal Front Residence 4 - Canal Front Residences - Al Wasl - Dubai
    Apartment - 2 Bedrooms - 3 Bathrooms for sale in Canal Front Residence 4 - Canal Front Residences - Al Wasl - Dubai
    Apartment - 2 Bedrooms - 3 Bathrooms for sale in Canal Front Residence 4 - Canal Front Residences - Al Wasl - Dubai
    11

    Apartment

    5,600,000

    Vacant Now | Canal Facing | Large Layout

    Allsopp & Allsopp -Business Bay logo image

    Canal Front Residence 4, Canal Front Residences, Al Wasl, Dubai

    2

    3

    1,449 sqft

    3,864 AED/sqft

    Sarah Hussain

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Phoenix - District 13 - Jumeirah Village Circle - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Phoenix - District 13 - Jumeirah Village Circle - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Phoenix - District 13 - Jumeirah Village Circle - Dubai
    27

    Apartment

    1,265,000

    Unfurnished I 1Bedroom with Balcony | JVC

    Cle Dor Real Estate L.l.c logo image

    Binghatti Phoenix, District 13, Jumeirah Village Circle, Dubai

    1

    2

    797 sqft

    1,587 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    10

    Apartment

    960,000

    Before You Compare Prices, See This One

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Elite, Dubai Production City (IMPZ), Dubai

    1

    2

    714 sqft

    1,344 AED/sqft

    Listed 18 days ago

  • Apartment - 2 Bedrooms - 3 Bathrooms for sale in ALmaara Residences - Al Furjan - Dubai
    Apartment - 2 Bedrooms - 3 Bathrooms for sale in ALmaara Residences - Al Furjan - Dubai
    Apartment - 2 Bedrooms - 3 Bathrooms for sale in ALmaara Residences - Al Furjan - Dubai
    30

    Apartment

    1,850,000

    ASK BIG DISCOUNT NOW AVAILABLE! 30\70 | READY 2026

    Daark Real Estate LLC logo image

    ALmaara Residences, Al Furjan, Dubai

    2

    3

    1,337 sqft

    1,383 AED/sqft

    Listed 18 days ago

  • Apartment - Studio - 1 Bathroom for sale in Binghatti Hillcrest - Arjan - Dubai
    Apartment - Studio - 1 Bathroom for sale in Binghatti Hillcrest - Arjan - Dubai
    Apartment - Studio - 1 Bathroom for sale in Binghatti Hillcrest - Arjan - Dubai
    26

    Apartment

    600,000

    MORTGAGE OR 40/60 PAYMENT PLAN | ALMOST READY

    Daark Real Estate LLC logo image

    Binghatti Hillcrest, Arjan, Dubai

    studio

    1

    364 sqft

    1,648 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Skyterraces - Dubai Autodrome and Business Park - Motor City - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Skyterraces - Dubai Autodrome and Business Park - Motor City - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Skyterraces - Dubai Autodrome and Business Park - Motor City - Dubai
    12

    Apartment

    975,000

    Smart Investment Opportunity Motor City

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Skyterraces, Dubai Autodrome and Business Park, Motor City, Dubai

    1

    2

    715 sqft

    1,363 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    10

    Apartment

    960,000

    Built for Buyers Who Think Ahead

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Elite, Dubai Production City (IMPZ), Dubai

    1

    2

    714 sqft

    1,344 AED/sqft

    Listed 18 days ago

  • Apartment - Studio - 1 Bathroom for sale in ARAS Residence - Majan - Dubai
    Apartment - Studio - 1 Bathroom for sale in ARAS Residence - Majan - Dubai
    Apartment - Studio - 1 Bathroom for sale in ARAS Residence - Majan - Dubai
    24

    Apartment

    580,000

    Fully Furnished | Good Layout | Well Miantained

    Synergy Properties logo image

    ARAS Residence, Majan, Dubai

    studio

    1

    431 sqft

    1,345 AED/sqft

    Listed 18 days ago

  • Apartment - 4 Bedrooms - 6 Bathrooms for sale in LIV Marina - Dubai Marina - Dubai
    Apartment - 4 Bedrooms - 6 Bathrooms for sale in LIV Marina - Dubai Marina - Dubai
    Apartment - 4 Bedrooms - 6 Bathrooms for sale in LIV Marina - Dubai Marina - Dubai
    30

    Apartment

    46,999,548

    ~ 99K Mortgage Cashback

    Duplex Penthouse | Private Elevator | Private Pool

    Savills Dubai logo image

    LIV Marina, Dubai Marina, Dubai

    4

    6

    9,124 sqft

    5,151 AED/sqft

    Ranveer Singh

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Oasiz By Danube - Dubai Silicon Oasis - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Oasiz By Danube - Dubai Silicon Oasis - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Oasiz By Danube - Dubai Silicon Oasis - Dubai
    11

    Apartment

    1,100,000

    Modern 1BR | Fully Furnished | HOT DEAL

    Sky View Real Estate - Hessa St logo image

    Oasiz By Danube, Dubai Silicon Oasis, Dubai

    1

    2

    558 sqft

    1,971 AED/sqft

    Listed 18 days ago

  • Apartment - 3 Bedrooms - 4 Bathrooms for sale in Forte 2 - Forte - Downtown Dubai - Dubai
    Apartment - 3 Bedrooms - 4 Bathrooms for sale in Forte 2 - Forte - Downtown Dubai - Dubai
    Apartment - 3 Bedrooms - 4 Bathrooms for sale in Forte 2 - Forte - Downtown Dubai - Dubai
    25

    Apartment

    6,500,000

    ~ 14K Mortgage Cashback

    INVESTOR OFFER | LARGE BALCONY | FURNISHED | READY

    EVA Real Estate LLC logo image

    Forte 2, Forte, Downtown Dubai, Dubai

    3

    4

    2,467 sqft

    2,634 AED/sqft

    Osama Moussa

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in The Crest Tower B - The Crest - Sobha Hartland - Mohammed Bin Rashid City - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in The Crest Tower B - The Crest - Sobha Hartland - Mohammed Bin Rashid City - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in The Crest Tower B - The Crest - Sobha Hartland - Mohammed Bin Rashid City - Dubai
    15

    Apartment

    1,380,000

    Furnished| Burj & Sanctuary View | Available

    Springfield Real Estate logo image

    The Crest Tower B, The Crest, Sobha Hartland, Mohammed Bin Rashid City, Dubai

    1

    2

    589 sqft

    2,342 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Blossom 40 - Majan - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Blossom 40 - Majan - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Blossom 40 - Majan - Dubai
    13

    Apartment

    1,190,000

    1 BR + Study | Premium Units | Best ROI

    A D N R Real Estate logo image

    Blossom 40, Majan, Dubai

    1

    2

    864 sqft

    1,377 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in University View Block C - University View - Dubai Silicon Oasis - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in University View Block C - University View - Dubai Silicon Oasis - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in University View Block C - University View - Dubai Silicon Oasis - Dubai
    19

    Apartment

    700,000

    Spacious Layout | Vacant | Balcony

    Featured

    VAKSON REAL ESTATE (L.L.C) logo image

    University View Block C, University View, Dubai Silicon Oasis, Dubai

    1

    2

    841 sqft

    832 AED/sqft

    Listed 18 days ago

  • Apartment - 3 Bedrooms - 4 Bathrooms for sale in Creek Haven Tower B - Creek Haven - Dubai Creek Harbour (The Lagoons) - Dubai
    Apartment - 3 Bedrooms - 4 Bathrooms for sale in Creek Haven Tower B - Creek Haven - Dubai Creek Harbour (The Lagoons) - Dubai
    Apartment - 3 Bedrooms - 4 Bathrooms for sale in Creek Haven Tower B - Creek Haven - Dubai Creek Harbour (The Lagoons) - Dubai
    8

    Apartment

    5,907,888

    3BR + Maids Room | High Floor | Premium Amenities

    GENESIS REAL ESTATE BROKERAGE logo image

    Creek Haven Tower B, Creek Haven, Dubai Creek Harbour (The Lagoons), Dubai

    3

    4

    1,871 sqft

    3,157 AED/sqft

    Oana Oprea

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    10

    Apartment

    960,000

    The Price Is What Makes This Stand Out

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Elite, Dubai Production City (IMPZ), Dubai

    1

    2

    714 sqft

    1,344 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    10

    Apartment

    960,000

    Don't Spend More Until You See This

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Elite, Dubai Production City (IMPZ), Dubai

    1

    2

    714 sqft

    1,344 AED/sqft

    Listed 18 days ago

  • Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    Apartment - 1 Bedroom - 2 Bathrooms for sale in Binghatti Elite - Dubai Production City (IMPZ) - Dubai
    10

    Apartment

    960,000

    Smart Buyers Are Looking at Opportunities Like Thi

    PROVIDENT CROWN REAL ESTATE logo image

    Binghatti Elite, Dubai Production City (IMPZ), Dubai

    1

    2

    714 sqft

    1,344 AED/sqft

    Listed 18 days ago

  • Apartment - Studio - 1 Bathroom for sale in Azizi Venice 2 - Azizi Venice - Dubai South (Dubai World Central) - Dubai
    Apartment - Studio - 1 Bathroom for sale in Azizi Venice 2 - Azizi Venice - Dubai South (Dubai World Central) - Dubai
    Apartment - Studio - 1 Bathroom for sale in Azizi Venice 2 - Azizi Venice - Dubai South (Dubai World Central) - Dubai
    11

    Apartment

    738,000

    Exclusive | Lagoon View | Unrivaled Lifestyle

    ROMAN REALTY L.L.C logo image

    Azizi Venice 2, Azizi Venice, Dubai South (Dubai World Central), Dubai

    studio

    1

    332 sqft

    2,222 AED/sqft

    Listed 18 days ago

  • Apartment - Studio - 1 Bathroom for sale in Azizi Venice 15 Building A - Azizi Venice 15 - Azizi Venice - Dubai South (Dubai World Central) - Dubai
    Apartment - Studio - 1 Bathroom for sale in Azizi Venice 15 Building A - Azizi Venice 15 - Azizi Venice - Dubai South (Dubai World Central) - Dubai
    Apartment - Studio - 1 Bathroom for sale in Azizi Venice 15 Building A - Azizi Venice 15 - Azizi Venice - Dubai South (Dubai World Central) - Dubai
    12

    Apartment

    650,000

    DISCOVER PARADISE WITH LUXURY STUDIO | LAGOON VIEW

    H&S Real Estate logo image

    Azizi Venice 15 Building A, Azizi Venice 15, Azizi Venice, Dubai South (Dubai World Central), Dubai

    studio

    1

    382 sqft

    1,701 AED/sqft

    Listed 18 days ago

  • Apartment - 2 Bedrooms - 2 Bathrooms for sale in Belgravia Gardens - Falcon City of Wonders - Dubai
    Apartment - 2 Bedrooms - 2 Bathrooms for sale in Belgravia Gardens - Falcon City of Wonders - Dubai
    Apartment - 2 Bedrooms - 2 Bathrooms for sale in Belgravia Gardens - Falcon City of Wonders - Dubai
    13

    Apartment

    1,685,000

    Investors Deal | 50% on Handover | High Floor Unit

    Premium

    Rosenheim Luxury Properties logo image

    Belgravia Gardens, Falcon City of Wonders, Dubai

    2

    2

    1,068 sqft

    1,577 AED/sqft

    Areeb Haque

    Listed 18 days ago

  • Apartment - 2 Bedrooms - 2 Bathrooms for sale in Laurel - Central Park at City Walk - City Walk - Dubai
    Apartment - 2 Bedrooms - 2 Bathrooms for sale in Laurel - Central Park at City Walk - City Walk - Dubai
    Apartment - 2 Bedrooms - 2 Bathrooms for sale in Laurel - Central Park at City Walk - City Walk - Dubai
    10

    Apartment

    4,400,000

    Handover Soon|Elegant Layout |Pool and Park Views

    SEVEN STONES REAL ESTATE BUYING & SELLING BROKERAGE logo image

    Laurel, Central Park at City Walk, City Walk, Dubai

    2

    2

    1,560 sqft

    2,820 AED/sqft

    Alina Djeilan

    Listed 18 days ago

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Investing in real-estate with Off plan

Your guide to cheap apartments for sale in Dubai

Dubai sits on the southeastern coast of the Persian Gulf and has grown into one of the most recognized cities in the world. It draws people in for its business opportunities, luxury lifestyle, and year-round sunshine. Around 92% of its four million residents are expatriates, reflecting just how international the city has become. 

Families, investors, retirees, and professionals are all drawn to Dubai for its tax-free income, low crime rates, and high standard of living. The city offers strong public transport links, suburban family neighborhoods, and a social scene that suits almost every budget. Despite its reputation for luxury, you can easily buy a cheap apartment in Dubai.

Overview of Dubai's cheap apartment sales market

The market for cheap apartments for sale in Dubai stays active throughout the year, driven by first-time buyers, young professionals, and investors who want access to one of the Middle East's most lucrative rental markets. Entry-level prices start from around AED 300,000, while the average price for an affordable apartment sits around AED 750,000. 

Foreign nationals can buy property in Dubai with full freehold ownership rights in designated areas across the emirate. Prices in the affordable segment have been stabilizing as the government manages supply and demand, which points to solid long-term value for buyers. The strongest demand for cheap flats for sale in Dubai tends to come from suburban family zones and emerging mixed-use districts, rather than the luxury hubs closer to the waterfront. 

Average prices of cheap apartments in Dubai

Prices of affordable apartments in Dubai range from roughly AED 300,000 to AED 1 million, depending on size and location, offering gross rental yields of up to 9%, with consistent tenant demand across suburban communities and emerging mixed-use districts.

Why buy a cheap apartment in Dubai?

High return on investment

Tax-free rental income is one of the biggest draws for investors buying affordable apartments in Dubai. Gross rental yields in budget-friendly communities can exceed 9% annually, which is far above what most other global cities offer.

Lower maintenance costs

Smaller units mean lower utility bills and upkeep costs. Maintenance fees for shared spaces are split across all residents, so the burden on individual owners stays manageable.

Shared community amenities

Most apartment buildings offer residents access to gyms, temperature-controlled pools, and leisure areas. These shared facilities add real value to the lifestyle without adding to your property costs.

Excellent connectivity

Many affordable apartment complexes sit close to major roads and metro stations, which makes daily commutes much easier. Residents in most suburban communities can reach central business hubs in 15 to 30 minutes.

Where to buy a cheap apartment in Dubai?

International City

International City is one of the most popular destinations for buyers looking for cheap flats for sale in Dubai. The neighborhood is arranged in architectural clusters inspired by different countries, giving it a distinct character unlike anywhere else in the emirate. 

Jumeirah Village Circle (JVC)

JVC has become one of the most sought-after suburban communities in Dubai. It offers lush parks, gardens, and modern amenities within a layout designed for families and young professionals. 

Dubai Investments Park (DIP)

DIP blends residential, commercial, and industrial zones within an eco-friendly framework. It appeals to working professionals, couples, and families who prefer a self-contained community. 

Al Furjan

Developed by Nakheel, Al Furjan is a peaceful residential community centered around community pavilions and green open spaces. 

Amenities and lifestyle

Schools

  • Dubai British School
  • English Language School Pvt
  • American School of Dubai

Hospitals and clinics

  • Dubai Hospital
  • Al Zahra Hospital Dubai
  • King's College Hospital London - Dubai

Supermarkets and daily convenience

  • LuLu Hypermarket
  • Nesto Hypermarket
  • Union Cooperative

Shopping malls

  • The Dubai Mall
  • Ibn Battuta Mall
  • Mall of the Emirates

Parks & beaches

  • Safa Park
  • Mushrif Park
  • Dubai Miracle Garden
  • JBR Open Beach

Location and transportation

Dubai is well connected by both road and public transport. The emirate borders Abu Dhabi to the south and Sharjah to the northeast, and its main arterials, Sheikh Zayed Road (E11), Sheikh Mohammed Bin Zayed Road (E311), and Al Khail Road, link most communities to the wider city quickly. 

The RTA runs an extensive network of air-conditioned buses, trams, and the Red and Green metro lines. From most suburban communities, the commute to central business hubs such as Business Bay and DIFC takes between 15 and 30 minutes, depending on traffic. Both Dubai International Airport (DXB) and Al Maktoum International Airport (DWC) are easily reached via major highways from most residential areas.

Pros and cons of buying a cheap apartment in Dubai

Pros of buying the cheapest flat in Dubai for sale

  • Affordable entry prices that suit first-time buyers and families.
  • High gross rental yields compared to most global markets.
  • Shared amenities include pools, gyms, and security.
  • Easier and more affordable to maintain than standalone villas.

Cons of buying the cheapest flat in Dubai for sale

  • Shared walls and close neighbors can mean more noise.
  • Less storage space and smaller square footage than a villa or townhouse.
  • Renovations require formal permissions, which adds time and cost.
  • Not all older buildings allow pets.

FAQs about Cheap Apartments for Sale in Dubai

Is buying a cheap apartment in Dubai a good investment?

Yes. Affordable areas like Dubai Investments Park and International City deliver gross rental yields of up to 9%, and all rental income is tax-free. For investors looking for high returns relative to purchase price, cheap apartments for sale in Dubai are hard to beat.

Can foreigners buy a cheap apartment in Dubai?

Yes. Foreign nationals can buy, own, and sell property with full freehold rights in designated areas across the emirate. There are no nationality restrictions for eligible freehold zones.

What are the best areas to buy affordable apartments in Dubai?

International City, Jumeirah Village Circle, Dubai Investments Park, Al Furjan, and Dubai Silicon Oasis are among the top picks for buyers seeking high returns and competitive prices.

What are the upfront costs when buying?

Buyers typically need a 10% security deposit to secure the property, a 4% Dubai Land Department (DLD) transfer fee, an agency commission of 2% to 2.5%, and administrative fees for the registration trustee.

Are mortgages available for foreign buyers?

Yes. UAE banks offer mortgages to expatriates and foreign nationals. The loan-to-value ratio for expats generally falls between 50% and 80%, depending on income and credit history.

What is the average price for a cheap flat in Dubai?

Prices start at roughly AED 300,000 for compact units. The average selling price for an affordable apartment in one of Dubai’s budget-friendly communities is around AED 750,000.

Freehold vs. leasehold: What is the difference?

Freehold ownership gives the buyer full legal rights to the property and the land it sits on, with no expiry. Leasehold gives ownership rights for a fixed period, usually up to 99 years, after which the rights return to the original landowner.

What rental yields can I expect?

Gross rental yields for affordable apartments in Dubai typically range from 6% to 9.5%, depending on the community and unit type. Studios and one-bedroom apartments tend to perform best.

How does the handover process work for off-plan properties?

Off-plan buyers follow a milestone-based payment plan tied to construction progress. The title deed is issued by the DLD only once the project is completed and handed over. Full ownership is transferred at that point.