A Comprehensive Guide to Real Estate Development Stages in Dubai
Being among the pioneering destinations for real estate development, Dubai offers investors and developers an uncomplicated, smooth process. In a move that streamlines real estate in Dubai, the Dubai Land Department, DLD, in conjunction with over 23 governmental and private organizations, published an easy-to-follow guide through every phase of developing a project.
The said guide categorized the whole real estate construction process in Dubai into three significant stages:
- Approval of Initial Project Plan: Preliminary project plans are analyzed and approved by the authorities concerned.
- Issuance of Construction Permits & Completion of Project: On approval of an initial plan, the construction permit is issued and a project executed by established standards.
- Sales and Marketing of Properties: The developed units are sold and marketed in this stage.
Stage 1: Obtaining Initial Permits
- Licensing Authority: Depending on where the project will be located, licensing authorities in the form of either DET or DDA are responsible for the issuance.
- Company Registration: Developers must register their company and obtain an operating license.
Stage 2: Project Implementation
- Approval of Execution Plans: The detailed execution plans of the project have to be scrutinized and approved.
- Issuance of Construction Permit: A construction permit is issued upon approval.
- Implementation of Project: The project is executed according to building and safety regulations.
- Project Completion & Issuance of Final Completion Certificate: A final completion certificate is issued after completion.
Stage 3: Post-Completion Services
- Selling Units: Units developed can either be sold off-plan or after the project completion.
- Final Settlements: Final settlements, after the sale of the units, are concluded with the relevant authorities.
- After-Sales Services: After-sales service refers to the commitment by the developers to customer support and maintenance.
Conclusion
This comprehensive guide has been prepared by the Dubai Land Department in an effort to increase transparency and ease legal and operational procedures for developers, especially in cooperation with top property developers in Dubai. The initiative promotes sustainable development, attracts international investments, and boosts confidence among real estate stakeholders in Dubai.
Source: https://www.emaratalyoum.com
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