When you buy property in Dubai, choosing a high-quality real estate developer should be at the top of your list of things to do. In fact, it’s probably more important here than in any other major international housing market.
If you’re not convinced of the importance of finding a reliable real estate developer in Dubai, just ask someone who bought an apartment or commercial property there in 2008. Back then, choosing a developer meant the difference between getting scammed and not.
The local market has certainly improved since then. Nonetheless, the UAE remains heavily dependent on its construction and oil industries.
Dubai’s property sector is currently saturated with hundreds of developers fighting for your money.
Therefore, when you choose a real estate developer in Dubai, don’t simply look at marketing materials or finishing standards in a showroom. These things are meant to impress you and nothing more.
Instead, you should look at the developer’s balance sheet and reputation. Consider whether they’re worth your time and your money, and more importantly, if they’ll keep their promises during a recession or tough time.
With all that said, here are the top developers in Dubai’s ultra-competitive real estate market.
Since its founding in 1997, Emaar Properties has consistently been one of Dubai’s leading property developers. Emaar boasts a massive number of residential and commercial projects. Included in the firm’s portfolio are undertakings like the Burj Khalifa, the tallest building in the world, and the Dubai Mall which is the largest on the planet.
Azizi Developments first emerged in 2007, making it a relative newcomer to the Dubai property development market. It got off to a rocky start during its first few years because of the Global Financial Crisis, Azizi Properties rebounded in 2013 to become a premier developer. Today, Azizi Developments’ portfolio in Dubai
Damac is a luxury-oriented developer that high-end residential properties, and it has expanded into the hospitality market with its subsidiary, DAMAC Hotels and Resorts. Although Damac Properties was only founded in 2002, it quickly flew to the top of Dubai’s property development market, and today, it’s one of Dubai’s largest developers
Dubai Properties began in 2004 as a subsidiary of the Dubai Holding Group – a business owned by the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. Today, it remains among the top real estate development companies in Dubai. However, while the company’s ownership should certainly inspire confidence
Over the course of two decades, Nakheel Properties has grown into a premier property developer in Dubai and around the world. The company is known for its projects in Dubai, yet currently maintains a presence in more than 85 countries around the world. Nakheel is best known for the Palm Jumeirah, an artificial archipelago in the Persian
Moafaq Ahmad Al Gaddah – or MAG – Group’s property development subsidiary was formed in 2003. Since its founding, MAG Property Development has become one of the top residential property developers in the Arab world. In fact, the company ranked 18th among other unlisted real estate companies
Sobha Realty is an international luxury developer committed to redefining the art of living through sustainable communities. Established in 1976 as an interior decoration firm in Oman by PNC Menon - a visionary entrepreneur, the company has grown its presence with developments and investments in the UAE, Oman, Bahrain, Brunei and India. Over the last four decades,
The First Group is a global property development company founded 30 years ago by Danny Lubert. Although the company operates in several major markets worldwide, it established a head office in Dubai in 2005, and since then, has become one of the leading property developers in Dubai. Ranging from entry-level to high-end projects, The First Group has a diverse portfolio
In 2002, Deyaar Properties emerged as a subsidiary of the Dubai Islamic Bank, but as it grew and became increasingly profitable, it spun-off as an independent company. Deyaar Properties is now led by CEO Saeed Al Qatami, who entered with an impressive resume that includes Deyaar’s VP of Business Development and Director of Omega Engineering.
Gemini Property Developers is a subsidiary of Gemini Group, which has operated in the UAE for over three decades. It formed back in 2005 as an expansion of the Gemini Group’s already-successful business ventures. The firm focuses on residential projects in both Dubai and India. Gemini already finished one successful project in Dubai
After Omniyat burst onto the Dubai real estate development scene in 2005, it nearly fell into total obscurity during the Global Financial Crisis as several of its projects were halted or canceled. However, instead of giving up, Omniyat retooled its strategy and has reemerged, the Splendor residential complex.