What is the premium («over») on a resale unit, and how to buy without it

The premium («أوفر») is what a seller asks on top of what they actually paid for the unit. If the seller has paid two million pounds so far and asks you for two and a half, the premium is half a million, and none of it reduces your remaining installments.

How to work out the premium in any offer

1. Ask the seller for the total they paid: the down payment and every installment.
2. Check the figure against the receipts and the developer’s balance statement.
3. Subtract what the seller paid from what they ask you. The difference is the premium.

Note: the amount asked of you does not include the remaining installments; you pay those to the developer after the transfer in any case.

Why do sellers ask for a premium?

Because the developer’s price for the same unit has risen since they signed, so the seller wants a share of that rise. A seller who needs their money back quickly, or cannot continue paying, often prefers to sell for what they paid rather than cancel and lose part of it.

How to buy without a premium

On tanazzol.com every unit is offered for what the seller paid: the seller gets back everything they paid, and the buyer pays no premium. Each unit shows:

• The amount due now, item by item: the seller’s money, the developer’s administrative fee, any arrears and the commission.
• The monthly installment and how many installments remain.
• The estimated gain: today’s market price of the unit against what it costs you.

Is selling without a premium good for the seller?

Often yes: cancelling with the developer can cost part of what was paid, while a transfer returns all of it. See the difference in before you cancel.