3 THINGS YOU MUST KNOW WHEN DEALING WITH REAL ESTATE DEVELOPERS IN DUBAI

Buying property is one of the most important decisions of life and you must know all the “ins and outs” of the whole buying process.

Dubai is not only famous for its unique tourism projects; the city of gold is also a global real estate investment hotspot. It is and has always been a popular choice for potential property investors from around the world.

If you’re planning to invest in Dubai, the first most important thing is to find the right real estate developer. You must do your own bit of research and try to have sound knowledge of Dubai’s Real Estate Industry.

Whether you’re an expat or a UAE citizen looking to invest in the city’s real estate, you must stay prudent and keep the following 3 pointers in mind while dealing with real estate developers in Dubai:

1: Reputation of the real estate developer


You obviously wouldn’t want to entrust your funds with just any other random real estate developer. After all, it’s a life time investment. You must check the reputation of the real estate developer you’re planning to choose.

It’s really easy to figure out if a real estate developer is reputable or not, just make sure to keep the following factors in mind:

· Check how many years of experience the developer has.

· See how many projects the developer has launched till now and how many of them have been successful

· Talk with the developer’s existing customers and get to know about their experience.

· Ensure that the developer is registered with RERA (Real Estate Regulatory Agency).

· Check if the developer meets the timelines or not. Do they always meet the announced timelines?

· Make sure that the developer also has great after-purchase customer support.

2: Is the developer abiding by all the RERA imposed rules and regulations?

RERA is basically a real estate regulatory agency formed by the State Govt of Dubai to regulate the real estate organizations and agents operating in Dubai.

RERA has certain rules and regulations which the real estate developers in Dubai must abide by.

You must make sure that your developer is abiding by all the rules by asking relevant questions. Don’t shy away from asking questions, you must check if the answers you’re getting from your developer are convincing or not.

3: Is your developer offering a healthier Return on Investment (ROI)?

It’s no surprise that every investor expects a healthy return on investment. Like everyone, you would also want to choose a developer who offers a healthier return on investment.

You can figure this out by checking the developer’s past track record. Get to know if their properties have previously been traded on the secondary market or not. If yes, then at what price?

Being well informed is really important, you should know the percentage of returns you’re going to receive if someday you plan to sell off your property.

Apart from the pointers mentioned above, you should also try to observe the work culture of the company by visiting their office frequently and talking with their sales representatives. Talking with the developer’s team will help you build a trust level with them and once you maintain a trust level, it’ll be easier for you to decide which developer to choose.