We present to you the latest list of reliable developers in Dubai. These are leading companies in the market, whose projects have won awards and attracted the attention of leading investors.
Every year, several thousand buildings are constructed in Dubai. In record years like 2017, there were more than 28,000 construction projects. However, such scales are only realized by a few companies. According to official data, more than a thousand developers are operating in Dubai, which makes the choice even more difficult.
Getting involved with an incompetent developer means dooming yourself to problems. For example, construction periods can extend for years. By comparison, the tallest building in the world, the Burj Khalifa, was built in six years. While some developers spend ten years building a residential complex half the size. And let’s face it, you’ll be lucky if they complete the project at all. In the worst cases, the investor may lose funds before construction is completed. Even if you manage to return the money, precious time will be lost – you will have to make new transactions at higher prices, which are constantly growing.
Another important aspect is the durability of buildings. The average lifespan of buildings in Dubai is 50 years. During this time, the developers guarantee that the house will not be in disrepair and will not require major repairs. However, by choosing an unreliable developer, you risk cutting this period in half or even more.
It is important to understand that the entire construction industry in Dubai is very strictly controlled by the state. To avoid any kind of default, the government has introduced a number of strict requirements for developers: all money for each new project must go into an escrow account, which is inviolable until the keys are issued. This account should also contain part of the developer’s funds. For any delays, the developer is fined, and a tidy sum, both from the state and in the form of a penalty for buyers. All this gives additional incentive to companies to complete construction on time or ahead of schedule.
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This risk is always directly related to the wrong choice of location. It happens that agents are focused on selling certain projects since they have a higher percentage of these developers. Then they sell these objects to clients under the guise of being highly profitable. However, in reality, analytics show something different. Always requests a fresh cut of ROI by region or even by specific residential complex. All agents have access to the professional Property Monitor, which contains information on all indicators.
The amount of rent is also affected by the view from the window, number of floors, number of neighbors, entrance group, proximity to public transport, and renovation of the apartment.
As mentioned earlier, there are over a thousand real estate developers operating in Dubai. We have chosen the most interesting and reliable ones for you.
The company has existed since 2007. Her portfolio ranges from affordable apartments to luxury villas. In 2024 they are working on more than a hundred projects.
The houses of this developer can be found in prestigious areas of the city, such as Palm Jumeirah, Downtown, and Al Furjan.
Home prices start at $108,500.
Founded in 2002, the company has achieved a leading position in the market. It is involved in both residential and commercial real estate.
Damac Projects are being built not only in Dubai but also outside of it, in Saudi Arabia, Lebanon, and even the UK.
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The minimum housing price is $83,700.
The company was founded in 2007 and during this time, it has implemented projects in various fields. Their portfolio includes residential buildings, hotels, resorts, and shopping centers.
Home prices start at $351,700.
Founded in 2000, Nakheel is best known for the creation and implementation of the Palm Jumeirah artificial island project. Their portfolio also includes other islands, including the World Islands archipelago. In addition, they are developing smaller projects such as cozy villas.
Objects from Nakheel can be found not only on the islands. Their projects are in areas such as Jumeirah Village, Discovery Gardens, and International City.
Housing prices start from $130,200.
Founded in 1976, Sobha is one of the oldest on our list. It specializes mainly in premium real estate. One of the most famous projects is Hartland, a luxury housing project on the lagoon’s shores.
Sobha is the second most internationally expanding company on our list. Their facilities can be found in Obama, Bahrain, and India.
Sobha home prices start at approximately $217,000.
Ellington Properties was founded in 2014. Unlike many other companies on our list, it specializes not in large-scale projects, but in boutique-type properties.
Most of Ellington’s projects are located in Jumeirah Village Circle, which is an attractive mid-price area.
Home prices start relatively low at approximately $118,600.
Emaar Properties is a leading developer in Dubai and the largest developer in the Arab world. It is a public joint stock company and a holding company that unites 60 operating companies.
It develops its activities in the real estate market of 36 countries in the Middle East, North Africa, Central Asia, Europe, and North America.
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Naturally, such a market leader has a corresponding housing price – at least $204,700.
