What’s common between unimaginable profits and Dubai?
They’re both identified with high-rise real estate property!
From Al-Furjan to Burj Khalifa, Dubai is on the world map to show what real estate growth looks like. No recession or slowdown could stop the market from growing. In fact, Zoom Property Insights suggests that luxury real estate will see a boost of 13.5% in 2023.
- Seeing the trend, it’s wise for you to hire Dubai real estate developer for your projects before they’re fully booked. Now, the real problems occur when you are overloaded with options. Finding the right one seems like looking for a needle in a haystack.
Don’t fret.
Before you go developer hunting, here’re the essential points you can’t afford to overlook!
1. What’s in the reputation?
A lot!
When it comes to hiring a Dubai real estate developer, screening through their testimonials is the key. A good real estate developer delivers the project. An excellent developer defines the efficiency of a construction project without letting the process affect your comfort.
Do some research about the developer you have shortlisted. You can look for their reviews on property information portals like Bayut. Don’t forget to investigate their delivery time.
2. Experience matters!
When it comes to real estate in Dubai, expertise equates to experience. Many times, developers take up projects which they fail to complete on time. They face problems due to eh unavailability of ample skills to match the complexity and scale of a project.
With an experienced developer, you won’t struggle with such problems. They carry an extensive portfolio of all types of developments.
3. Look for the license!
Registration with Dubai Land Department for a permit is a pre-requisite for any developer in Dubai. That’s to say, the absence of a license is the biggest red flag that you shouldn’t ignore.
So, if you’re enchanted by the website of the Dubai real estate developer, don’t forget to ask them about their license number.
4. Are your property developers financially stable?
Generally, developers take multiple development schemes under their name on credit. The lack of response for such projects causes the developers to halt the construction in the middle. Such lags lead to unnecessary trouble for interested buyers of the property.
Just like the stability of a real estate building, the stronghold of Dubai real estate developers is decided by their financial ground. The more unstable it is, the higher will be the chances of the failure of a project.
5. Decide the terms (contractual) you live on!
Don’t commit the mistake of signing the contract papers in a hurry.
The terms of your contract decide the type of services you will receive through Dubai real estate developers.
Look for vague clauses and complicated explanations about deliverables. You must understand the elements of your contract thoroughly to make your developer deliver what you asked for and agreed to.
6. Keep the standard as high as Burj Khalifa
The quality standards of the materials used in development projects are absolutely vital. Keep in mind that the developer abides by the rules and regulations put in place by Dubai authorities for maintaining quality.
That’s not it.
Inspect the construction techniques to execute the project as well. Many times, developers use unethical and risky methods which pose a threat to the lives of the workers involved. Any accident can cause unnecessary delay in completion.
7. Prompt communication is a win!
How will you know if the compliance process needs more time to finish?
Without efficient communication from your Dubai real estate developer, you can’t understand the milestones your project has achieved. From receiving regular updates to resolving concerns, every aspect of construction becomes streamlined with direct communication.
Is there one aspect that makes a developer right?
Selecting a Dubai real estate developer is as easy and as tricky as your research is. By considering all the factors involving reputation, earlier work, license, and financial stability, you can maximize the benefits of hiring a developer. However, it will require you to take significant efforts into shortlisting the best few prospects.
From evaluating their process to understanding the contractual terms, it will take time to know which developer is the best for you. Remember to take professional advice before finalizing your decision to hire real estate developers.
With the Dubai Global initiative around the corner, make way for exceptional developers like Grovy to create real estate marvels. Start your property developer selection process today!
Frequently Asked Questions
How many real estate developers exist in Dubai?
According to the data of the Dubai Land Department, the city has 2500 registered developers currently.
Is there an increase in demand for Dubai real estate developers?
With the evolution of the market and the launch of global initiatives, Dubai is turning into a hub of real estate investments. Due to the rise in opportunity for property developments, the demand for real estate developers is also increasing.
Which are the best real estate developers in Dubai?
Dubai carries a long list of impressive real estate developers. Some of the top Dubai real estate developers comprise:
- Nakheel Properties
- Grovy
- Meraas
- Meydan
- Deyaar
