Rule the Real Estate: 7 Things to Consider When Working With a Dubai Real Estate Developer
Wednesday, 10 May 2023
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
- Published in Real Estate
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5 Tips to Help You Find Great Developers in JVC
Wednesday, 03 May 2023
From the best schools to affordable houses, Jumeirah Village Circle (JVC) in Dubai gives you more than one reason to build a property in. Featuring more than 30 parks, JVC boasts more than 2000 luxury residential properties, including townhouses, grand villas, modern apartments as well as commercial spaces. Whether you’re an entrepreneur seeking a state-of-the-art commercial unit or require an elegant abode for your family, JVC offers you all.
But, with a myriad of developers in JVC aiming to grab your attention, how will you know which one is the best?
One of the factors you must look at is the reputation of the JVC developer in the market. For instance, Grovy has an experience of more than 35 years of successful expert collaboration and unrivaled real estate acumen.
That’s not all!
Here are all the expert-approved tips to find a JVC developer who matches your style and need for excellence altogether!
5 Unbeatable Tips That Will Help You Hire Top Real Estate Developers in JVC
According to the report of Gulf News, the property markets of Dubai broke its 9-year record of transactions estimated at AED 24.42 billion. It is safe to say that investments in the real estate segment of Dubai are on a rise and so will the demand for developers. The current growth makes it tricky for you to extract the most suitable developer in JVC for your projects.
Fret not.
Here are the 5 Ls to take care of the high competition in the property market of Dubai to deliver to you the best JVC developers you need!
Tip 1: Learn about the available JVC developers
Research is as vital to your projects as the bricks to be used. Many times, new developers in JVC entice you with lower prices. In the next course of events, you might find yourself in the middle of a scam or a halted project.
Such an event occurs due to a lack of proper paperwork by the upcoming developers. A lack of compliance as mandated by RERA can put your project in a bad light. To avoid the same, it’s a non-negotiable that your developer follows all the regulations of the real estate authorities in Dubai.
That’s to say, dig deep into the track record of the developers before you decide to go with one.
Tip 2: List a few JVC developers before you finalize one
Don’t make the mistake of going with the first one you find suitable. Most people assume that the information provided by developers on their websites is enough. Unfortunately, this is far from the truth.
Many new developers list out false details about the services they offer and the projects they have delivered. It’s wise to shortlist a few developers first. Only after meeting them, lock in a JVC developer who suits your construction requirements with excellent professionalism.
Tip 3: Look for the wide variety of projects developed across the region
One of the primary markers of a fine JVC developer is their involvement in several projects. The more diverse a developer’s portfolio is, the more expertise they carry.
Take Grovy for a moment. The real estate developer in JVC has been creating liveable crafts in Dubai using innovation and elegance as its pivotal elements. The developers have launched multiple projects to deliver the luxury living demanded by clients like you. On top of this, the developers have been keen on designing homes that offer peace and magnificence without forcing you to splurge.
Tip 4: Live through the construction process
Won’t you find it repelling when your developer informs you about a process on a holiday?
The best way to avoid unnecessary hassles is to understand the construction process before confirming the contract with the JVC developer. Doing this will ensure that you can track all the improvements in your project with ease. In addition, you can conveniently start shopping for interior design with a final date in the picture.
Note: Don’t forget to check the construction quality by visiting a project about to be concluded.
Tip 5: Liaise with the previous investors
Who can be a better evaluator of the work of an artist than the earlier buyer?
To know about the overall construction process, it’s an excellent idea to consult with the earlier clients of the JVC developer. They will paint you a clear picture of the expertise and ethics of the developer. In addition, they will help you chart out the details that you might miss in your planning.
Need a hint? Go to the testimonials section of your preferred JVC developers’ website and interact!
Who can be the best JVC developer for you?
Hiring the most suitable developer in JVC can be time-consuming. But, by being proactive in your hunt and observant in your selection process, the right developer is not tough to find.
Ensure that you conduct thorough research, shortlist a few developers, visit the property, check the documentation process, and consult earlier clients. With these steps at your perusal, start visualizing moving into your dream house today!
FAQs
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- What are the benefits of getting the right JVC developer?
Selecting a suitable JVC developer for real estate projects is vital for getting the best final product. It avails you of the ease of proper budget estimation, error-free infrastructure, and fulfillment of all requirements without any hassle.
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- Is JVC a suitable area to invest in for real estate projects?
JVC is one of the most sought-after neighborhoods in Dubai for all kinds of buyers and tenants. Since the locality holds more than 2000 spaces including luxury villas, spacious townships, elegant apartments, and so on, it’s buzzing with opportunities for real estate investment.
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- Which elements of JVC make it one of the best neighborhoods to invest in?
Many factors make JVC in Dubai the best locality for you to consider investing in. A few you can’t miss are as follows:
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- Lush neighborhood
- Proximity to Internet City, Dubai Marina, and JLT
- Functional neighborhood with more than 30 parks
- Affordable schooling systems
- High ROI of up to 7% on apartments and villas
- Published in Real Estate
A Step-by-Step Guide to Finding the Best Property Developer in Dubai
Wednesday, 22 March 2023
The emirate is home to hundreds of real estate developers, leaving you wondering how to find the best property developer in Dubai.
To find the top real estate developers in Dubai, you must visit multiple developer websites, compare prices, ask your peers for recommendations, and most importantly, check their digital footprint.
Verified developers are sure to have countless positive reviews from happy customers on their projects along with a professional website. But that is not all.
Read along to find the step-by-step guide to finding the best developer in Dubai.
Characteristics of Top Real Estate Developers in Dubai
Before you go ahead to find the steps of finding the best property developer, know the basics of these developers. Having a clear image of what you should expect will help you find the right developer with ease.
- Professional and well-updated website
- Impressive digital footprint (including social media and website)
- Recommended by its previous customers
- Has several articles and PRs in its name
- Are known for other completed projects
How to Find the Best Property Developers in Dubai
Finding the best property developers in Dubai might sound complicated, but once you have the basic knowledge about the city and its real estate industry, you won’t face any trouble.
Dubai is a bustling city with new construction projects coming up by the hour. From one-bed-hall-kitchen apartments to four-bed-hall-kitchen apartments, villas, condos, and more for rent and sale.
Most property developers will offer you all the different types of options in different ranges. Here’s how you can pick a trustworthy property developer in Dubai.
Step 1: Check the Real Estate Developer’s Digital Footprint
Before you get to looking for the property developer on field, check their digital presence.
- Website: Top real estate developers of Dubai will have a professional website. Look for detailed information like office address, phone number, property details, service options (if any), event section, customer testimonials and more. You should be able to gather maximum information about your preferred area and pricing range from here itself.
- Social media presence: Check their social handles like Instagram, Twitter and LinkedIn for latest updates. Any well-known real estate developer will have well-updated profiles on social media that can give you additional information on offers, events, and behind the scene stories.
Step 2: Visit the completed projects in person
Reading about completed projects online is one thing and visiting them in person is another. Even if the building you plan to invest in is still under construction, you can gauge the quality of their services and offerings through their previously-completed projects.
Find out about the recent projects from their website and visit it in person to get an idea about how your new home might look like.
Step 3: Talk to existing customers
While you’re visiting the real estate development projects of different developers, make sure to talk to a few residents there. The existing customers can give you inside information about their experience before and after property purchase or rent.
This can include parking, renovations, satisfaction level, and other aspects that are not visible at the surface level.
Step 4: Visit their office
Even if an inauthentic developer manages to create a professional-looking website, they wouldn’t have a professional physical office. Therefore, visiting the office premises can further clear all your doubts.
Meet with their executive and ask any remaining questions that you may have about financing, completion dates, and detailed insights into the entire purchase or renting procedure. A professional real estate developer in Dubai will be happy to answer all your queries and also give you a personalized tour of their property.
Step 5: Explore the payment & pricing plans
Most top property developers have great relationships with the top banks of the country. They can recommend you the best pricing plans and financial support options that you may need.
At this stage you can also try to negotiate prices according to your budget and get the best value for your investment.
Note: Make sure to follow this procedure for at least 3-5 best real estate developers in Dubai that you hear about.
Bonus: Ask Your Friends & Acquaintances
Anyone living in Dubai from a few years or more and having made such real estate investment before would definitely give you the best advice.
You can ask them questions like:
- What is the average budget according to the locality and property size?
- Who are the most well-known property dealers around ?
- Who are trustworthy real estate developers in Dubai that they’ve dealt with before?
Grovy Real Estate Development – Top Real Estate Developers in Dubai
Grovy Real Estate Development LLC is a registered real estate company, operating in the UAE. It is a true mark of quality and commitment in the industry, creating world-class projects since 1985 in India, and now in the UAE.
What makes Grovy Real Estate Development LLC stand out in the market is its commitment to creating what the customers want. They believe in creating comfortable abodes for families to live in a healthy and secure environment while enjoying top-class amenities like swimming pool, gym, spa & sauna, and more.
Grovy has delivered only the highest-quality construction and post-sale services, creating its name in the international market as one of the best real estate developers in Dubai.
Find out more about Grovy and its latest residential buildings at www.grovy.ae
- Published in New Buildings, Real Estate
The Ultimate List of Where to Find the Best Developers in JVC
Thursday, 16 March 2023
Dubai is bustling with new residential real estate developments, especially in Jumeirah Village Circle (JVC). It is a highly-attractive community strategically located in the middle of New Dubai, housing apartments, 2000+ luxury villas, and 3100+ townhouses by leading property developers of Dubai.
Amidst the rising number of real estate developers, where will you find the best developers in JVC?
The best developers in Jumeirah Village Circle (JVC) are Grovy Real Estate Development, Nakheel, Damac Properties, Ellington, and Bloom Properties among others. You can visit their websites directly or look up other top developers on property websites like Property Finder and Bayut.
According to Arabian Business, 2022 witnessed an addition of 38,000 units to Dubai’s total residential unit supply of 6,80,000 units and 2023 is anticipated to take the number of new units to 41,000 units.
Not only the number of developments, but the number of property developers are rising by the day. Read along to find the best real estate developers in JVC Dubai along with factors to consider to choose the most reliable option.
Best Developers in JVC
Consider factors like the financial situation, previous projects, customer testimonials, and digital footprint of the developer before making your final choice. Here’s a list of the top property developers in JVC.
1. Nakheel
Nakheel is the master developer of the Jumeirah Village Circle community and has built multiple projects in the area. Its main project is Nakheel Villas located in the heart of JVC, featuring a circular cluster of luxury villas with 2-bedroom and 4-bedroom options.
The villas are built in the Mediterranean and Arabian styles, featuring family living and the security of a community. It has private gardens, a children’s play area, and jogging tracks.
The best part is, you can access supermarkets, places of worship, hospitals, and schools within 5-10 minutes of drive. Additionally, you can reach the popular restaurants and shopping malls in JVC within 4 minutes.
2. Grovy Real Estate Development LLC
Grovy Real Estate Development LLC is one of the best developers in JVC, with 3 premium luxury projects in the region – Alcove, Aria, and Aura. All three apartment complexes are created to lead a contemporary lifestyle with state-of-the-art amenities.
The buildings comprise studio, one-bedroom, and two-bedroom apartments for families that wish to live in secure communities. Additionally, these communities are backed by facilities like a swimming pool, gym, jogging park, steam & sauna, and more.
Each of the apartments is strategically structured with spacious rooms and long French windows – ideal to lead a life of comfort with your family. The group has 35+ years of experience in the industry, ensuring only the highest quality infrastructure, pre as well as post-sale services.
3. DAMAC Properties
DAMAC Properties is a well-renowned name in the MENA real estate industry. With a portfolio of 26,000+ units across several countries in the region, the company has several notable developments like DAMAC Hills and DAMAC Towers in the country.
DAMAC’s Tower 108 in the JVC property features furnished apartments with an elegant design and premium interiors. The tower comprises studio, 1-bedroom, and 2-bedroom apartments with beautifully landscaped gardens surrounding the tower.
4. Ellington Properties
Ellington Properties is a leading real estate developer in Dubai with properties spread across premium locations like JVC, Palm Jumeirah, Dubai Hills Estate, and more.
Its JVC projects named Belgravia Heights and Belgravia Square comprise elegant studio, one-bedroom, and two-bedroom apartments. Each of the apartments features pre-fitted walk-in closets, high-quality furnishings, and premium interiors.
The buildings are surrounded by lush green landscapes while also comprising amenities like a children’s play area, gymnasium, BBQ area, and more.
5. Bloom Properties
Bloom Properties is another well-known real estate development company in the UAE, with its developments spread across the city. The developers feature two prominent projects in JVC – Bloom Towers and Bloom Heights.
Bloom Towers offer luxurious studio and 1-bedroom apartments rising high above the city – offering breathtaking views. On the other hand, Bloom Heights comprises studio, one-bedroom, two-bedroom, and three-bedroom apartments.
These are high-end luxurious apartments with minimalistic style featuring spacious living to lead a comfortable life. The projects also include a children’s play area, swimming pool, and BBQ deck.
Where to Find the Best Developers in JVC?
To sum up, finding the best developers in JVC is not challenging. However, you need to make sure to conduct enough online research about the leading developers, visit the property in person, compare the prices, consider the amenities, and choose according to your requirements.
FAQs
1. Which residential building is the best in JVC?
Jumeirah Village Circle is one of the best communities to live in with your family. It houses hundreds of buildings by leading property developers like Grovy, Nakheel, and DAMAC. You can easily find a studio, 1, 2, and 3-bedroom apartments constructed specially for families to lead a peaceful life away from the hustle and bustle of the city.
Depending upon your requirements like budget, the number of bedrooms, and other amenities, you can choose the best residential building in JVC from Alcove, Nakheel Villas, Tower 108, and Belgravia.
2. Is JVC a good investment option?
With the leading real estate developers in Dubai constructing high-rise buildings, towers, and clusters, JVC is a great investment option.
3. What’s the average house price in JVC?
The average house price in JVC lies around AED 750,000. However, the price will depend upon the developers and the size of the space you wish to purchase. A studio apartment can start anywhere around AED 100,000 while the price of a 1-bedroom apartment can start from AED 200,000.
- Published in New Buildings
Guide On How To Become A Successful Property Developer In Dubai
Wednesday, 15 March 2023
The number of real estate developers in Dubai is a whopping 2500+ and is only rising by the day. With new property developers emerging, the competition is getting higher, with only the top ones winning. So, how to become a successful developer in real estate?
Steps to becoming a successful developer in real estate go from learning the basics of real estate and gaining experience to finding a site and constructing your project. While it may seem too straightforward, it does require you to hone the right set of skills that cannot be overlooked.
Read on to find a step-by-step guide on how to be a successful property developer in Dubai.
Who is a real estate developer?
An individual or a corporation responsible for planning, financing, managing, and constructing a real estate project at a given site. This may include developing a new project on a piece of empty land or renovating and developing a building that’s already present.
Apart from planning and construction, real estate developers also market and sell the developed property to interested buyers.
Note: Real estate developers may be government entities or private entities.
What are the skills needed to become a real estate developer?
Becoming a real estate developer comes with its set of challenges. From having an eye for detail and planning every small step to ensuring its executed with precision, a real estate developer is more like an entrepreneur.
Here’s a set of skills that a real estate developer must possess:
- Self-reliant, autonomous, and decisive
- Natural leaders who prefer to make their own decisions
- High tolerance for risk and skilled at evaluating potential success and minimizing failure
- Skilled at identifying market niches and untapped opportunities
- Driven by the desire to succeed, in various forms
- Action-oriented, with a clear vision and focus on completing projects
Step-by-step guide to becoming a successful developer in real estate
So, how to become a successful property developer? Make sure to have fundamental knowledge about the industry and local regulations, basic experiences, and a strong network.
Here’s a step-by-step breakdown.
Step 1: Understand the basics of real estate development
The basics of the real estate industry like the local laws, financial terms and processes, construction, and marketing of the completed projects are crucial. One of the best ways to gain this knowledge is through books, seminars, and attending informative classes.
Step 2: Build a diverse network
Having a strong network is one of the most crucial steps to becoming a successful developer in real estate. The best way to do this is by attending networking events, and conferences, and joining real estate associations. This way, you can not only connect with leading developers but also meet stakeholders like venture capitalists, investors, and partners.
Step 3: Find a mentor
Finding a mentor is always the best way as you get to gain knowledge from someone who’s been where you are today. They can help you learn about the challenges and pain points not mentioned in the books or other sources. Look for someone who has years of experience with a track record of working on successful projects.
Step 4: Work on developing your skillset
Firstly, work on honing technical skills like project management, negotiation, finance, and marketing, which form the foundation of real estate development. You can do that by taking courses or a degree in real estate. Next, work on soft skills like decision-making, taking risks, and being autonomous.
Step 5: Gain hands-on experience
Learning is important but the knowledge you get from hands-on experience is irreplaceable. Try to gain at least basic hands-on experience by working as an intern or in entry-level positions for the real estate developers best known in your region.
Step 6: Identify your niche
You may not know it but real estate is a very broad sector. It has various sub-categories like residential, industrial, and commercial. You can even get more specific by only choosing options such as green construction, etc. This will help you get a competitive edge.
Step 7: Create your business plan
Before you start your real estate development business, create a business plan that includes your goals, budget, timeline, and marketing strategy. It should also include your target market, competition, and unique selling proposition. A well-crafted business plan can help secure financing and attract investors.
Step 8: Plan and secure financing
Real estate development requires a lot of money, and securing financing is pivotal to your success. Consider getting a loan from a bank or other financial institution, or you can look for investors who are interested in funding your project.
Step 9: Find a suitable site
Once you have secured financing, find a site for your real estate development project. Look for a site that meets your needs, such as proximity to amenities, and accessibility. Make sure to consider the potential for growth and development in the area.
Step 10: Conduct due diligence
Conduct due diligence before finalizing a site. Research the property’s history, zoning regulations, and environmental factors. Also, get the property inspected by a professional to ensure that it is safe and structurally sound.
Step 11: Start developing your project
Once you have secured financing and found a site, you can start developing.
Grovy – Best Developers in JVC
Grovy Real Estate Development LLC is an example of a successful developer in real estate. With a rich history of over 35 years in the industry, these developers ensure to provide only the highest quality when it comes to precision in the construction, style, and planning of real estate projects.
Unfortunately, several real estate developers start in the field without any prior knowledge, only to end up failing and incurring losses.
To become a successful developer in real estate, it’s crucial to gather knowledge, gain experience and build yourself in the industry through extensive market research and delivering on your target audience’s demand.
- Published in Real Estate
Grovy Real Estate Announces the Launch of Its Latest Project Aura – New Buildings in JVC
Wednesday, 18 January 2023
Aura – New Buildings in JVC
Due to be ready by quarter 2 of 2024 with, 3 covered parking podiums and 15 floors in the heart of the upcoming Jumeirah Village Circle, Dubai.
Dubai, United Arab Emirates, November 2022: Grovy Real Estate Development LLC, the leading real estate developer focused on luxury and high-end projects in the Middle East has announced the launch of its new project – Aura by Grovy. Located in the coveted Jumeirah Village Circle (JVC), the residential complex will house studios and apartments ranging from one to three bedrooms.
Due to be ready by quarter 2 of 2024, Aura by Grovy will be a central hub for facilities and entertainment, including temperature-controlled swimming pool, jogging track, multi-sport court, fully equipped gym, steam and sauna, 24/7 security surveillance, children’s play area, smart home automation, co-working lounge, spa, communal gardens, electronic vehicle charging station, access-controlled entry points and more.
Dubai is one of the greatest cities in the world, loved for its street life, night life and finer things in life, made with equal part tradition and remarkable innovation. These JVC new buildings will offer residents and international investors a perfect balance between serenity and fast-paced urban living.
A report by real estate investment and advisory firm JLL states that the UAE construction projects’ market rebounded during 2021, with the residential sector being the highest performer within construction asset awards. With the trend expected to continue through 2022, the market is witnessing several successful residential project launches The sentiment has been further bolstered by the UAE government’s new visa legislation that allows property investors to get a Golden Visa when they buy a property worth Dhs2 Million. In addition, Dubai ranked fourth in the Savills Prime Residential Index: World Cities in August 2022. The only non-US city to make it to the top five, Dubai recorded strong performance on prime residential capital values as well as rents. Prime prices grew by 4.7 per cent during the first half of the year and the city is expected to witness strong capital growth continue for the remainder of 2022.
Aura by Grovy will be a great opportunity for international investors looking to invest in the country. Dubai is known for its high rental yields, world-class infrastructure, safe and stable landscape, and also offers vast professional opportunities. Investing in these new buildings in JVC will take them one step close to accessing the best of the world under one roof.
Aura will be connected to most prominent locations in Dubai including Dubai International Airport, Burj Khalifa, Palm Jumeirah, Kite Beach and several other important destinations at a distance of 5 to 15 minutes.
Source:
https://gulfbusiness.com/special-report-how-uaes-construction-sector-is-back-to-business/
- Published in New Buildings
How Many Real Estate Companies in Dubai?
Tuesday, 17 January 2023
What are the biggest real estate companies in Dubai?
Dubai is a city that is known for its luxurious properties and stunning architecture. It’s no surprise that the market is thriving and the real estate developers in Dubai are rising at a staggering rate.
How many real estate companies in Dubai, you may wonder? According to the last report by the Dubai Land Department, the emirate has over 2,500 real estate companies. However, with new companies being established by the hour, it’s difficult to give the exact number.
With so many real estate companies operating in the city, you are confused about which one to choose.
In this blog, we’ll take a closer look at the number of real estate companies in Dubai and provide some tips on how to choose the best one for your needs. Whether you’re looking to buy, rent or invest, this guide will help you make an informed decision.
Factors to Consider Before Choosing a Real Estate Company in Dubai
The average prices of residential property in Dubai fall around AED12 million for high-end apartments and around AED 400,000 for reasonably-priced residences. And the market is only expected to grow in 2023, according to recent studies.
In such a situation, it’s essential to pick your next apartment for rent, purchase, or investment with consideration. Here are a few things to keep in mind to pick a trusted developer in real estate Dubai.
Amenities that they offer
Thoroughly check the list of amenities that the real estate company offers. This can include things like swimming pools, gyms, security systems, smart tools, and community areas. Make sure it meets the facilities you wish for in your next home.
Note: Even if you’re buying for investment purposes, selling a house with modern amenities will prove to be more beneficial.
Their previous projects
It is a good idea to research the real estate company’s past projects to see the quality of their work and to get a sense of the types of properties they build. For example, if you wish to buy an apartment at Aura, you can check the previous projects by the Dubai real estate developer, Grovy.
Alcove and Aria are two of their completed projects that’ll give you a great idea about the quality and finishing of the real estate developer.
Location of the project
When you set out to search for a property, you have a few areas shortlisted. Apart from falling under that list of your shortlisted areas, the project must be located strategically.
It must have amenities like schools, shopping centers, and parks nearby. Additionally, it’s better if transport facilities like bus stands and metro stations are within walking distance from the area. The best option is choosing projects located in close proximity to the city’s landmarks like the Dubai Mall and the Dubai International Airport.
Client testimonials
Checking out client reviews and testimonials is a non-negotiable when finding trustworthy property developers in Dubai. The company’s existing clients will give you a clearer picture of the end result, services, and project quality.
To make sure you find a company with a good reputation in the industry, read customer reviews and check ratings on websites like Trustpilot or Yelp.
Note: Checking the company’s official website and social media channels will help you get a better understanding of their service quality.
Licensing
It is essential to ensure that the real estate company you choose is reputable and has the appropriate licenses and certifications to operate in Dubai. The best way is to check with the Dubai Land Department to ensure that the company is registered and licensed to operate in the area.
Top Real Estate Developers in Dubai – Grovy Real Estate Development LLC
Grovy Real Estate Development LLC is a luxury real estate company based in Dubai known for developing high-end properties. This company has been in the industry for 37 years and has a reputation for building luxury properties that are designed to meet the highest standards of quality and luxury.
Here are a few key elements that set Grovy Real Estate Development LLC apart from other property developers in Dubai:
Attention to detail: The company is known for using the finest materials and finishes in their properties, resulting in projects that are truly premium. From spacious and well-designed interiors to large, private balconies and terraces, every detail is carefully considered to ensure that residents have the ultimate luxurious living.
Commitment to customer satisfaction: At Grovy, we understand that purchasing a property is a significant investment. We take the time to understand the needs of our clients and provide them with the best possible service. The company’s dedicated customer service team is available to assist clients throughout the buying process, ensuring that their experience is as smooth and stress-free as possible.
We have several ongoing and completed projects around the city, namely – Aria, Alcove, and Aura.
- Aria: It is a completed project of 125 apartments built to provide comfort with a chic layout and amenities like a swimming pool, balconies, and a play area.
- Alcove: Strategically located in the Jumeirah Village Club, Alcove has modern apartments with ensuite bathrooms, high-end kitchen fittings, and other modern amenities.
- Aura: Spacious, well-lit luxurious apartments, smart home automation, multi-sport club, and more. Aura is a true definition of lavish living and is set to be completed in 2024.
Grovy Real Estate Development LLC is the top real estate developer in Dubai offering the finest properties. With a reputation for quality and customer service, this company is worth considering for anyone looking to invest in a high-end property in Dubai.
Schedule a call now for further information!
- Published in Real Estate
How to Find the Top Real Estate Developers in Dubai – Key Challenges & Solutions
Wednesday, 04 January 2023
Dubai’s real estate industry is skyrocketing and makes for one of the best investment opportunities. However, the expanding industry also leads to surging numbers of developers. This makes investors like you wonder, how to find the best real estate developers in Dubai.
Evaluating previous projects is one of the most crucial aspects to keep in mind while finding the top real estate developers in Dubai. Additionally, make sure to meet multiple property developers and compare their pricing, procedures, and other functions for a clear overview.
According to a report by the Dubai Land Department, a whopping 2,593 real estate transactions were conducted in the emirate, totaling Dhs7.4 billion, in September 2022.
The demand for properties is constantly rising and so is the need for being more cautious. Therefore, it is crucial you choose well-renowned and reliable property developers in Dubai.
Who is A Developer in Real Estate – Definition
Before you assess the key challenges and solutions of finding the top Dubai developer in real estate, it’s important to understand what it means.
A real estate developer, also known as a property developer, may be an individual or a company/agency, that deals in property matters. These may include one or more activities like the sale or purchase of new and developed lands, property renovation, and giving buildings on a lease.
The growing number of real estate businesses can make it challenging to choose credible property developers in Dubai.
Key Challenges in Finding Property Developers in Dubai
When you enter the real estate market, you must look for a trustworthy property developer who has a good track record and understands the Dubai real estate market thoroughly.
However, you might come across challenges like:
- Property developers may be inexperienced
- Might lack financial security and reputation
- Delay in closing deals and completing the project
- Amateur real estate developers Dubai might not offer property security features
6 Steps to Find the Top Real Estate Developers in Dubai
The post Covid19 market is rather volatile. Property prices are rising and so is the competition. In such an uncertain situation, it becomes more than necessary to seek help from a trustworthy and well-reputed Dubai real estate developer.
Here are 6 steps for you to consider while choosing the best Dubai developers in real estate.
Conduct Thorough Research
Conduct thorough research on the internet for the top real estate developers in Dubai. Assess their websites, social media platforms, buyer reviews, processes, and the provisions they promise to provide. You will also be able to check if they have any promotions or discounts.
Additionally, talk to residents, friends, and acquaintances that you may know to find a property developer you can trust upon. You don’t want your money going down a fraudster’s pocket, do you?
Visit Multiple Real Estate Developers
Before you decide to move ahead with your chosen dealer, make sure you visit a few other well-known real estate companies in Dubai. Doing this will allow you to compare different options and pick the one that suits your requirements.
When you talk to different property dealers, you also get an idea of what is the market rate and the potential areas to buy or rent out properties.
Analyze the Pricing Structure, Project Quality, and Other Crucial Factors
Choosing a real estate company in Dubai goes beyond just checking their websites. Discuss the pricing structure like parking charges, utilities, amenities, and other bills upfront. You want to have a clear idea about your annual expenses before finalizing a property.
Apart from that, a few crucial points of discussion include the scope of the project, quality, and payment plan.
Talk to the Previous Clients of the Dubai Property Dealer
Another important aspect is to speak to the real estate developer’s previous clients. It’ll help you evaluate the pros and cons of choosing this particular individual or agency. An existing house or property owner will be able to give you a complete overview of the process, the developer’s reliability, and satisfaction with the developer’s work.
You can also find out any loopholes or issues in working with the specific property developer. Additionally, make sure to visit the previous project completed by the real estate company or individual you’re planning to work with.
Evaluate the Property Dealer’s Financial Solidity and Support
Most well-reputed real estate developers in Dubai have strong links with local banks. Make sure you understand the kind of financial support your property developer can help you avail from trustworthy financial institutions.
Dubai Real Estate Laws, Registration & Credibility
First of all, make sure the developer you’ve decided to go ahead with is registered with the Dubai government. Additionally, they must abide by the local and national real estate laws and must explain them to you in detail. There should be nothing to hide if it’s legal.
Apart from the legality factor, assess a developer’s credibility by the amount of transparency they practice in closing the deal. Consider the claims they are making in terms of project completion dates, budget, quality, and facilities.
How to Find Real Estate Companies in Dubai – Wrap Up
Whether you’re purchasing your first house or renting out an apartment, your experience must be anything but wonderful and fulfilling. Hiring a trustworthy real estate developer will ensure you don’t have to worry about money fraud or quality issues – some of the most common problems that people experience with unreliable developers.
Though choosing the top real estate companies in Dubai might take some time, it’s a small investment that is necessary for getting the best deal.
What’s the hold? Follow the 6 steps mentioned here and find the best real estate developers in Dubai now!
- Published in Real Estate
Gated Community – A new trending requirement post the Pandemic
Thursday, 16 June 2022
- Published in Real Estate
