Developers in Dubai
Real Estate Developers in Dubai
Real estate in Dubai is considered the most promising and profitable industry for investment. Moreover, while in the past it was predominantly luxury residences, in recent years the market has shifted towards the development of middle-class housing. Money has flowed into the city not only from large investors, which has strengthened the developer market by removing those who were not prepared for such changes. As of 2023, the construction industry in Dubai is represented by 25+ full-cycle companies whose positions are stable and deserving of trust.
The undisputed leader in terms of the volume of constructed and sold real estate in the Emirates and the Arab world as a whole is Emaar Properties. It was founded in the late 1990s, during the golden era of the UAE. Emaar Properties has implemented projects that have become the emirate's signature landmarks, such as Burj Khalifa, Dubai Mall, and the fountain park.
DAMAC Properties gained popularity through the development of the Business Bay district. The company still owns large land plots there and is constructing new properties. The developer is also known for residential neighborhoods in DAMAC Hills. The villas and townhouses in the community are chosen by those who wish to live with their families away from the hustle and bustle of the city center.
Meraas was the first developer to obtain permission to sell real estate on the Jumeirah coastline to foreign investors. Previously, only citizens of the emirate could own residential and commercial properties there.
In addition to the mentioned developers, real estate is also handled by Dubai Properties, Nakheel, boutique developer Ellington, and many other predominantly international companies.
Buying Real Estate in Dubai from Reliable Developers
To purchase real estate in Dubai, one needs to approach an agent. The reason is that different conditions apply to the sale of residences and commercial spaces for citizens and foreigners in the emirate. Therefore, working directly with the developer is not always more convenient or beneficial. An agent can offer a wider range of options for different budgets and purposes, whether it's for visiting the UAE, obtaining an investor visa, or diversifying investment assets.
How to Choose a Reliable Developer in Dubai
Companies among the top 25 with the largest volume of assets undoubtedly fall into the category of reliable developers. However, this is not the sole determining factor of reliability. Reputation, distribution of shares among company owners, and the history of completed and ongoing projects also play a role. Reach out to our agency for a more detailed consultation, as well as assistance in finding real estate options in Dubai based on price, location, and other parameters.
- 11.08.2023City Walk – perfection of city life