Best Companies for Real Estate in Dubai: Everything You Need to Know in 2021
1:38 pm | 22.02.2021
The United Arab Emirates is a country of modern cities and buildings that make you dizzy, for example, Dubai is home to the tallest building in the world with 162 floors. The 828-meter Burj Khalifa skyscraper was commissioned in 2010, but still many do not know the name of the company that built this miracle. Meanwhile, the UAE is famous for other projects as well: luxurious palm islands with many beautiful residential complexes in Dubai, Ferrari World in Abu Dhabi, and so on. Emirates.
The largest Arab construction companies are building projects that are gaining fame all over the world, attract crowds of tourists from different parts of the world, and, thus, bring income to their city and state.
In addition to the famous buildings, developers “supply” villas and apartment complexes to the real estate market of the Arab Emirates, in which thousands of people already live today. How to look for apartments in the UAE to buy and should you focus on the success of construction companies? How to choose the right developer in the UAE if you plan to order the construction of an individual house, residential complex, or commercial facility for specialists so that investments in the project are as profitable as possible? Let’s take a look at these issues.
How to Choose a Company in Dubai
How to choose a developer in the UAE? Here are some guidelines to help you find the best option:
When choosing a construction company, browse its website and social media accounts to find out how long the company has been on the market, how long it has been in business, partners, awards and achievements, and current events. In addition, it will be useful to read the reviews from the developer’s clients.
Analyze the completed programs of developers, as well as projects that are currently in progress. This can be done on the website of the Dubai Land Department (DLD), however, the portal, as its name implies, can only tell about construction projects underway in Dubai. Studying the information on the website of the Dubai Land Department, pay attention to the date of the start of construction, at what stage the project is at the moment, when, according to the plans, the building should be put into operation.
Consult with property owners who are awaiting completion of the construction of their properties, because it happens that the developer postpones the date of the final of the project, delaying the moment of handing over the keys to the owners. This is a common thing in the work of construction companies, but not in the case when the deadline for building a building is postponed many times. By communicating with clients of construction companies (you can find their contacts in social networks, etc.).
TOP-10 Construction Companies in the UAE
Which developers in the United Arab Emirates deservedly enjoy respect and popularity among customers? Here are the top 10 construction companies in the UAE to look out for:
Dubai Properties. The firm is well aware of the basic needs of investors and homeowners and has been providing pioneering real estate solutions for over 15 years. The list of projects developed by Dubai Properties includes Jumeirah Beach Residence apartments located on the first line of the sea. In addition, this developer has worked on the Business Bay business center and the Dubai Marina neighborhood.
Emaar Properties, the largest developer in the Middle East, was founded in 1997. The headquarters is located in Dubai. The company invests huge amounts of money in the construction of buildings and mainly operates in Dubai and Abu Dhabi. The holding includes more than 60 firms that are working on various construction projects, and this number includes the tallest building in the world, Burj Khalifa.
Aldar Properties is an investment, management, and construction company headquartered in Abu Dhabi, whose work includes the five-star Al Raha Beach Hotel, Al Jimi Shopping Center, Al Raha Gardens, Al Gurm Resort, and Abu Central Market -Dhabi. In addition, the company has built Yas Island, which houses the Yas Marina Racetrack, Ferrari World, and the Yas Marina Hotel.
Arabtec. The Dubai-based company specializes in providing construction services to the residential, oil and gas, and energy sectors in the United Arab Emirates and several other countries.
Meraas is a Dubai-based company founded in 2007. Since its inception, the developer has presented many works, which include Nikki Beach Residences, Bluewaters Residences, Bvlgari Residences, as well as the world’s tallest Ferris wheel, Ain Dubai, which was planned to be presented at Expo 2020 in Dubai.
Nakheel Properties, which built the world-famous Dubai islands Palm Jumeirah, Palm Jebel Ali, and Palm Deira, was founded in 2000 and is part of the state investment company Dubai World.
Meydan, the developer behind the world’s largest racetrack and eventually becoming one of Dubai’s largest property developers. The Meydan City project, the largest equestrian sports complex, has become the most famous work of the company’s specialists.
Damac builds luxury real estate in the United Arab Emirates, which includes residential buildings and entertainment centers. For example, the Damac Hills Estates complex of villas and apartment buildings in Dubai, as well as Paramount, Cavalli, Damac Maison, and so on.
Cayan, one of the most sustainable real estate development companies in the United Arab Emirates. Since 1998, the year of its foundation, it has demonstrated the high competence of its employees. Among the most famous works are Serenia Residence, Silverene, Infinity, Dorrabay Tower, La Residencia Del Mer, and many others.
Bloom Developers, a construction company working to build schools, hotels, and premium residential buildings in Abu Dhabi and Dubai. Last year, in 2019, she commissioned more than three and a half thousand facilities, and today the company’s employees are working on the “release” of another six thousand premises.
Real Estate Agencies in Dubai
The history of the open real estate market in the United Arab Emirates begins in 2005 when a law was passed that allowed foreign investors to obtain ownership of the real estate in certain areas of Abu Dhabi and Dubai. These areas were called Investment Zones, in which the rights of foreigners did not include the ownership of land. However, Dubai and after him Ras al-Khaimah in the same year issued a law on freehold property for foreigners.
Active work on the sale of real estate began in selected emirates of the UAE in 2006. In the same year, the first Dubai Real Estate agencies appeared. how there was an urgent need for professional legal support for the registration of the purchase and sale of real estate.
Currently, there are so many such agencies that they are divided into main areas: purchase and sale, rent, work with land plots, elite property, etc. It is quite obvious that with such a variety, it is important to choose the right Real Estate agency, and, thus, to guarantee the reliability and maximum efficiency of the transaction.
Based on a comprehensive analysis? There are a number of companies that deserve attention:
As the most populous city in the UAE, Dubai is a significant contributor to the vast majority of development activities across the Gulf Cooperation Council (GCC) countries. There are currently 4,627 active projects in Dubai and 11,700 projects in the UAE (December 2017) totaling $ 818.2 billion. Both the UAE and Saudi Arabia represent 70% of all active construction projects in the GCC.