Impressive skyline, luxurious lifestyle, good schooling systems, and record-smashing real estate statistics!
If one has to define the bustling life of Dubai, these words are sure to be mentioned.
The spectacular lifestyle is a reason for many to get a property in Dubai. From local investors to foreign arrivistes, most people desire to work with property developers in Dubai for their dream abode. The summiting of real estate is a testament to the same. According to Khaleej Times, the Dubai property market will see an upward growth of up to 20 percent with the domination of luxury markets.
But, does working with a real estate developer in Dubai come with only satisfaction?
It is obvious that both pros and cons exist in working with a developer. If you were not clear about them, today you’ll find your answers!
Advantages of Working with Property Developers in Dubai
As a money-wise investor, it’s obvious to wonder where your investment in property developers will take you. Here you’ll know how working with real estate developers enriches your project and soothes your mind!
1. Your investment is safe with the expertise of property developers
The growing demand for property developers in Dubai becomes a reason for many to commit fraud. Many times, the lure of constructed projects can make investors fall for scams. With the involvement of real estate experts, you can easily steer clear of fraudulent schemes and save thousands of dirhams.
2. Your property construction is executed with utmost speed, transparency, and precision
Property developers in Dubai like Grovy realize how important it is for you to move into your luxurious villa as soon as you can. They undertake a project by involving a team of real estate specialists. Their expertise coupled with skillful direction ensures that your home is constructed the way you want.
The best part is – You’ll know about the project’s progress every step of the way.
3. Delays in construction are tackled with care and strategy
How many times have you met a news report citing the holding up of a project?
With a knowledgeable property developer in Dubai, dodge the construction delays. Your real estate developers will ensure all the resources are used and optimized for prompt completion. But, even if the project milestones are not achieved in the beginning, the developer duple their efforts with strategic planning.
After all, they are personally invested in the luxuries that you want to enjoy!
4. Property regulation adherence is not your headache anymore
There’s nothing more tiring than getting involved in compliance procedures for real estate. But, with real estate developers in Dubai, everything is as smooth as the Kalba road. Your real estate developer can help you find the areas where you can own property without any limitations.
If you’re a foreign investor, the restriction might be a damper on your plans of buying deluxe apartments. With the help of property developers in Dubai, you’ll know which freehold areas are the most suitable for you.
Downsides of Working with Property Developers in Dubai
All good things come at a cost. If you’re thinking of getting a property developer onboard, be ready for these unpleasant aspects as well:
1. The construction process can be time-consuming
Do you remember how many meetings it took you to finish a simple change in your company?
The dynamics are the same. Whether you want to alter the design or reassign the funds to a different section, everyone’s opinion matters. With multiple skillful people in a property development team, confirmation from each member is necessary.
2. Phased construction might be heavy for your pockets
One of the trickiest aspects of construction in stages is the fluctuation in the costs of raw materials. The more staggered the project development is, the more clueless you can be about the final expenditure. So, if your property developers in Dubai decide to move in stages, you might have to pay more.
Pro Tip: Go through the projects section of the property developers to know about the handover time.
3. The price appreciation might be slow
Many property developers in Dubai offer you multiple units in one project. So, if you plan to resell the developed projects, the competition in the market can limit your profits if the developer isn’t renowned. In addition, the higher density of units provided by developers can lead to further problems in re-sale.
Should I hire property developers in Dubai?
The short and sweet answer is – Yes.
Even though property developers in Dubai come with their strengths and weaknesses, the pros surpass the cons. With an efficient property developer, you get on-time completion, a skillful team, and transparency and development. Through the benefits, investors in a luxury property can easily get possession without wandering in the lanes of delays and legal regulations.
Keep in mind to conduct your research about a property developer before entrusting them with your dream project.
Frequently Asked Questions
1. Can any investor construct a project in the freehold areas of Dubai?
Freehold areas are designated zones where foreign nationals can invest in real estate. To buy a property in the area, the interested party must get permission from Dubai Land Department. After getting ownership, the owners of the freehold property can lease or sell the property to any individual.
2. Which kind of projects can a property developer in Dubai undertake?
The projects which an experienced property developer in Dubai can construct include the following:
- Beachfront
- Resorts
- Residential spaces
- Island retreats
- Luxury villas and townhouses
