OFF-PLAN PROPERTY SALES: A COMPARISON STUDY OF VIETNAM’S AND DUBAI (UAE)’S LEGAL FRAMEWORK

Penulis

  • Quyen Hong Do PhD, Department of Legal Affairs and Inspection, Faculty of Law, Thuongmai University, Hanoi, Vietnam
  • Thuy Thi Minh Phung Officer, Department of Legal Affairs and Inspection, Thuongmai University, Hanoi, Vietnam
  • Thao Thi Phuong Phung PhD Candidate, Hanoi Law University, Lecturer, Banking Academy, Hanoi, Vietnam
  • Nguyet Thi Tran Lecturer, Faculty of Law, Thuongmai University, Hanoi, Vietnam

DOI:

https://doi.org/10.46827/ejsss.v10i6.1929

Kata Kunci:

off-plan property, off-plan property sales, Vietnam, Dubai, legal framework

Abstrak

Off-plan property sales offer various attractive forms of property transactions, which have grown rapidly in popularity worldwide. In this context, in Dubai, the second largest emirate of the United Arab Emirates (UAE), and Vietnam, the off-plan property market has also been developing and attracting not only local investors but foreigners all around the world. However, due to its nature, which is available for purchase before it has been constructed, off-plan property sales lead to many potential risks involved to both sellers and buyers. Therefore, to protect the interests of the parties as well as stabilize the real estate market, it is necessary for each country or region to develop a legal framework governing this transaction. Within the scope of the article, the author focuses on analyzing regulations on off-plan property sales in Vietnam and the Emirate of Dubai governing requirements to engage in off-plan property sales, rights and obligations of the developer and buyer, and payment in off-plan property sales; comparing and contrasting those of these two legal systems to show similarities and differences, thereby suggesting some recommendations for Vietnam in improving the legal framework for off-plan property sales.

 

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Biografi Penulis

  • Quyen Hong Do, PhD, Department of Legal Affairs and Inspection, Faculty of Law, Thuongmai University, Hanoi, Vietnam

    Quyen Hong Do (PhD), Department of Legal Affairs and Inspection, Faculty of Law, Thuongmai University, Hanoi, Vietnam.

  • Thuy Thi Minh Phung, Officer, Department of Legal Affairs and Inspection, Thuongmai University, Hanoi, Vietnam

    Thuy Thi Minh Phung, Officer, Department of Legal Affairs and Inspection, Thuongmai University, Hanoi, Vietnam.

  • Thao Thi Phuong Phung, PhD Candidate, Hanoi Law University, Lecturer, Banking Academy, Hanoi, Vietnam
    Thao Thi Phuong Phung, PhD Candidate, Hanoi Law University, Lecturer, Banking Academy, Hanoi, Vietnam.
  • Nguyet Thi Tran, Lecturer, Faculty of Law, Thuongmai University, Hanoi, Vietnam

    Nguyet Thi Tran, Lecturer, Faculty of Law, Thuongmai University, Hanoi, Vietnam.

Unduhan

Diterbitkan

2025-04-28

Terbitan

Vol 10 No 6 (2025)

Bagian

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