When we think of Dubai, visions of awesome structures immediately come to mind. After all, doesn’t the building holding the record for being the tallest in the world amazingly stand on the shifting sands of this desert city? Whatever genius and technology are at play here, they definitely defy the old adage about a foolish man building his house upon the sand.
Dubai has definitely been busy making its mark in the modern world. It has established itself as the commercial hub of the Middle East and a virtual playground for the rich and beautiful. Many are choosing to reside there to take advantage of the many opportunities the wealthy emirate presents, making the local real estate market a very much fertile industry.
In terms of property development, Dubai has been made headquarters by some of the best architects and developers from all over the globe. Property developers in Dubai have created some of their firms’ most amazing flagship structures in this city where conventional limits are defied; creative boundaries, constantly pushed; and the realms of imagination, eagerly explored.
Those considering Dubai real estate for business or personal investment would see fit to find out what they can about the developers in the area and their respective projects. They’ll find many of the property developers in Dubai particularly catering to the luxury lifestyle with residential and commercial towers in the high-end segments of the city, such as the Dubai Marina. Property within these buildings makes an excellent real estate investment considering the number of immigrants choosing to make their new home in the city, the expatriates being stationed there, the tourists arriving to experience the very distinct culture and lifestyle, etc.
Property developers normally have all these factors in mind when they conceptualize and develop new projects. The best developers are noted for looking to the future and appreciating what the local demographics’ needs are with regard to real estate. They know that the old structures provide avenues for refurbishment and entirely new development opportunities. Vacant lots, on the other hand, hold such raw promise that the sky is really pretty much the limit.
If you’re all set to make a property investment in Dubai, the following are just some of the questions you need to ask regarding the developers that interest you to determine which prospect is the best choice for your money:
What are their past and present projects?
Were the properties satisfactory when they were handed over?
Did they stay within their promised time frame?
Are they registered with the Real Estate Regulatory Agency (RERA)?
Do they have an Escrow account?
The Dubai property market is definitely thriving. To capitalize on it, make sure to decide wisely on the real estate entities to put your trust in.
About the author:
Oliver Finney is an enthusiast of the real estate industry who loves to continuously learn and share knowledge as well about the vast and comprehensive world of the real estate business, off and online. He has first realized his passion for real estate at the age of 18 after attending an auction. Since then, he has continued to be an avid real estate enthusiast and has recently made the final step to earning his real estate license. http://www.damacproperties.com is one of his resources.