Dubai offers a wide variety of construction companies, and finding the one that fully meets your expectations can be challenging. To make the right choice, it’s essential to consider several key factors.
A license is a mandatory requirement for every developer in Dubai. It not only confirms the legality of the company's activities but also guarantees that the developer complies with all building codes and regulations set in the emirate. Developers without a license are not permitted to conduct construction work or sell property. Therefore, verifying the developer's license should be your first step when making a choice. This process can be done easily online. All registered developers must be listed with the Dubai Land Department.
An escrow account is an important tool that protects the interests of all parties involved in the transaction. This is a special bank account where buyers' funds are held and used exclusively for financing construction. It ensures that the funds are spent appropriately, helping to prevent fraud. Request information from the developer about the escrow account, including the account number and the name of the bank. Contact the bank to confirm that the account exists and is being used for the specific project. Additionally, check if the bank is licensed to manage escrow accounts on the UAE Central Bank’s website.
Examine the details of the offered payment plans carefully. Make sure you understand what you're paying for, whether it’s just the living space or if balconies and terraces are included. If you are purchasing an apartment with a spacious balcony, the price per square meter for outdoor areas should be lower than for indoor space. It is recommended to choose payment plans that are tied to construction stages rather than project completion dates. Also, compare prices on both the primary and secondary markets to avoid overpaying for off-plan projects that might be priced similarly to completed properties. Inquire about potential returns on investment and the existence of an owner's association for completed projects.
Explore the developer’s official website and social media platforms. Learn how long the company has been in the market, who they collaborate with, and any awards they’ve won. Customer reviews from those who have already purchased property from the developer will give you insight into whether the developer meets deadlines and if the quality of construction matches the promised standards.
If you want to learn more about the project, visit the developer's office. They will provide detailed information about the project's completion timeline, payment options, and insurance conditions. On-site, you may also be offered various options within the current project.
At DDA Real Estate, we only work with verified developers. By contacting us, you will receive full support at every stage of the transaction. We will help you purchase property in Dubai quickly and securely, including online transactions.
