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Real estate development is the process of transforming an idea into a tangible asset. It requires proper planning and expert-level execution to construct an inspiring property. Real estate developers add value to the design, cost, functionality and location of a project.
A real estate developer can either be an individual or a company engaged in the business of developing and selling real estate buildings and other structures. Real estate developers often purchase land to construct residential complexes, industries, shopping malls and other structures.
Real estate developers are well experienced and aware of the market conditions before starting a project. The following are some key roles of real estate developers:
The following are some vital factors you must consider while choosing the right real estate developer in Dubai:
When looking for a real estate developer, you must check their reviews online and talk to the developers directly. You can ask them about delivery deadlines, construction quality and the experience after handing over the project. In addition, you can check their website and verify the quality through their previous projects.
The construction quality of a project is crucial as it is a lifelong investment. You need to ensure the developers are using the best quality materials to construct the project. Real estate developers must provide you with the best fittings and fixtures and ensure the safety measures of the project.
Before selecting the right real estate developer, you must ask them about pricing details. It includes maintenance charges, amenities charges, parking charges and membership charges. You must also ask them about the fees they will charge once they hand over the project. However, real estate developers charge a commission fee of 2% of the final sale price from their clients.
Many real estate developers desire to give their best service, but you must choose the one that stands out from the rest. You must research their working style and commitments. It will help you get one of the best properties in Dubai.
The buyer and seller need to sign a Memorandum of Understanding (MOU) when purchasing a property from a reseller. However, you need to sign a Sales Purchase Agreement (SPA) if you are buying the property from a real estate developer.
Dubai Local is a reliable platform where you can find the best real estate developers in Dubai. You simply need to look up real estate developers in your desired location and make your choice.
When buying a property directly from a real estate developer in Dubai, you have to submit the following documents:
Emirates ID
Reservation Form
Customer Information Form (in some cases)
Passport and credit card form (for international clients)
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