The lucrative league will run for almost two months as the grand finale is scheduled to be held on November 8 with further details on the fixtures to be decided at the IPL Governing Council meeting next week.
This is the third time that the IPL will take place outside of India since a part of two previous tournaments was hosted by South Africa and UAE because the dates clashed with the country's general elections in 2009 and 2014.
"IPL, in all likelihood, will start on September 19 [Saturday] and the final will be held on November 8 [Sunday]. It is a 51-day window which will suit the franchises as well as the broadcasters and other stakeholders," a senior BCCI official told PTI.
The IPL was originally supposed to start on March 29 but was indefinitely postponed following the coronavirus outbreak.
Amidst the backdrop of the rapidly deteriorating coronavirus situation in India, the BCCI was forced to consider a neutral venue for the event.
The Emirates Cricket Board and Sri Lanka Cricket reportedly offered BCCI to stage the competition with the stakeholders settling on the former. The BCCI is now waiting for government approval for shifting the league abroad this year.
Despite initial fears over possible cancellation, the prospects of IPL 2020 cleared up with the ICC announcing the postponement of the T20 World Cup in October-November.
The vacuum in the international calendar created by the deferment of the T20 World Cup allowed the IPL organisers to push for the event in the open window.
The issue of Indian players requiring enough time to undergo a mandatory quarantine before the Australia tour in December will also be resolved by the proposed schedule.
"The Indian team will have a mandatory quarantine of 14 days as per the Australian government rules. A delay would have sent the plans haywire," the BCCI official added.
"The best part is that 51 days is not at all a curtailed period and there will be much less double-headers. We could stick to the original five double-headers in the seven-week window."
The participating squads in the IPL will assemble in the UAE on August 20 to give them four weeks' time of preparations.