ABAK services

Wafi Off-Plan Sales Platform

We support real estate developers on off-plan projects through the Wafi platform: engineering qualification, preparing and reviewing the file, construction supervision, progress reports and linking payments to the escrow account, and unit subdivision drawings.

  • Professional Engineering Team
  • Fast Service
  • High Quality
  • Trusted Engineering Solutions

How Off-Plan Sales Work

The system allows a developer to sell units before construction is complete, once a licence has been obtained from the Real Estate General Authority through the Wafi platform. Buyers' payments are deposited in an escrow account, from which money is released only according to the actual completion percentages documented by the engineering consultant. In this way the system protects buyers' money and ensures it is spent on the project itself.

The Engineering Consultant's Role

The consultant on a Wafi project is no ordinary supervisor: their reports are the basis for releases from the escrow account, and their responsibility extends to protecting the buyers' interests. The role therefore calls for independence and accuracy in documenting progress, and for continuous coordination with the developer and the contractor.

How it works

Project Stages

  1. 01
    Qualification, preparing the technical file and applying for the licence.
  2. 02
    Opening the escrow account and launching sales once licensed.
  3. 03
    Construction under supervision, with periodic progress reports.
  4. 04
    Releases according to documented progress.
  5. 05
    Subdivision and transfer of title to buyers when the project is complete.
Avoid delays

Common Mistakes

  • An unrealistic schedule in the licence file.
  • Completion percentages that do not match the project's actual items.
  • Postponing the subdivision drawing until the end of the project.
Details

Engineering Documents for the File

  • The approved drawings and the building permit.
  • The construction schedule.
  • A study of completion percentages linked to the project's items.
  • The escrow account requirements.
  • The developer's and the land's legal documents.

Special Cases

Multi-phase projects need a clear split of progress and releases for each phase; delayed projects need accurate documentation of the reasons and an updated schedule; and changes to specifications during construction must be documented and communicated to buyers. In all of these cases, the consultant's role is decisive in protecting every party.

For Buyers

If you are a buyer, know your rights before and after you buy: the licence, the escrow account, the approved specifications and the handover date.

What the Consultant Offers the Developer

A developer needs a consultant who understands both sides: the Real Estate General Authority's regulatory requirements and the technical reality of construction on site. The consultant prepares a consistent file, monitors construction seriously and documents progress accurately, protecting the developer from disputes and the buyers from delays. Having this role in place from the start makes the project easier to license, finance and market, and reduces surprises at release and handover.

We give the developer clear reports that can be shared with buyers and the authorities, showing the project's actual progress and completion percentages in plain language.

This strengthens buyers' confidence in the project.

The developer also relies on them for day-to-day decisions.

Frequently asked

Frequently Asked Questions

Does the consultant supervise every stage of the project?

Yes, from the start of construction to completion, and their reports are the basis for releases from the escrow account.

What happens if the project is delayed?

The delay and its causes are documented and the schedule is updated, and the regulations govern each party's rights.

Who issues the off-plan sales licence?

The Real Estate General Authority issues it through the Wafi platform; the consultant's role is to prepare the technical file, supervise and issue progress reports.

How is the buyer protected?

Through the escrow account and by tying releases to documented completion percentages.

When should the subdivision drawing be prepared?

Preferably early, to define the units and their areas clearly.

Ready to Start Your Project?

The ABAK team supports your off-plan project from qualification to the transfer of title. Contact us.