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Dubai Property Developers FAQ’s
Whilst on the topic of Property Developers in Dubai it is worth pointing out that property developers are different from contractors. The biggest distinction is that property developers are responsible for the entire project, from planning to the eventual sale and delivery of a project. Contractors, on the other hand, are hired by developers to carry out the actual building and construction work as specified by the developer. It is not uncommon for one particular to use different contractors for different projects. It is also not uncommon for the same contractor to be used by different and often competing property developers.
The biggest property developer in Dubai is Emaar Properties. This is both in terms of projects completed and market cap.
There is no single developer that is the best. Each one builds a different style of property and does so in its own unique style.
The number of active developers in Dubai is one that’s constantly changing. However, it’s safe to say that there are at least 30+ medium to large property developers who are active today.
The short answer to this is Yes, however the type of payment plans on offer do vary significantly. Different developers have different strategies and offerings when it comes to payment plans. The difference is not limited to different developers but also different projects by the same developer.
The Dubai property market as a whole is extremely well regulated with a wide range of rules and regulations in place to keep buyers safe. Despite this, it always pays to do your research and learn about the developer before signing anything.
Master Developer is usually a term used to describe a developer that builds communities and not just towers. A community master developer is responsible for the planning, infrastructure, and maintenance of that community. Emaar Properties and its Dubai Hills project would be a good example of this. This is a project solely developed by Emaar and it includes not just residential towers but an array of property types mixed with retail and commercial outlets.
No. Whilst getting finance for an off-plan property is possible it is not something that can be obtained for off-plan properties. UAB banks tend to offer mortgages for only those off-plan projects developed by the country’s major developers.
A sales office in most instances refers to a developers show room. Just as car dealerships use showrooms to showcase their latest car models property developers use showrooms to showcase their very latest projects. Most sales offices will have various mockups of the latest projects and in some cases entire communities. In addition to this, sales office also offer meeting facilities and serve as the ideal place for clients to book their chosen units.