List of Developers in Abu Dhabi, UAE

Metropolitan Capital Real Estate is a full-cycle real estate agency operating in the Abu Dhabi market since 2018. The company is part of the Metropolitan Group, which was founded in 2008 and provides a full range of services in the field of real estate – from legal advice to resolving all issues related to buying or renting residential and commercial properties in the UAE and Austria.

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List of developers in in Abu Dhabi, UAE

Aldar Properties

Aldar Properties PJSC has been operating for 17 years and is one of the leading property developers in Abu Dhabi. The company aims at supporting the infrastructure of the emirate with medical, education, hospitality, leisure, retail, commercial and residential facilities. The real estate portfolio of Aldar Properties includes a wide range of re-developments and developments such as Al Raha Beach, Yas Island, World Trade Center Abu Dhabi, Al Falah and Noor Al Ain. The Aldar HQ in Al Raha perfectly showcases the innovative concept of the company after being the first circular building of its kind.

Imkan

Abu Dhabi-based real estate developer IMKAN has earned its reputation with a portfolio of 26 projects spanning three continents. Our ethos is to create soulful places that enrich people’s lives. A wholly-owned subsidiary of Abu Dhabi Capital Group, IMKAN’s proposition is built around a unique research platform that identifies the needs and desires of its customer segment, from millennials to discerning high-net-worth individuals.

Nine Yards

Nine Yards is a brand new company entering the UAE luxury real estate market, with its landmark project Sea La Vie, set to be located in Yas Bay in Abu Dhabi. The chic residences will have stunning sea views and perfect surroundings that will be appreciated by luxury lifestyle seekers.

NIC

The National Investment Corporation (commonly known as NIC) is a highly successful Abu Dhabi-based company which specializes in mall development and management, real estate development and hospitality sectors within the UAE.

Q Properties

Q Properties is an integrated part of Q Holding, in which the company aspires to be a leading property developer & asset management company based in the Emirate of Abu Dhabi with a portfolio that aims to deliver diverse range of luxury residential, commercial and leisure properties across the region, setting new standards for design and iconic quality lifestyle communities.

Eagle Hills

Eagle Hills is a real estate development company with an extensive portfolio of innovative mixed-use projects. The landmark community by the developer is Maryam Island, located in Sharjah. Premium studios and 1-3 bedroom apartments in the complex provide an exceptional waterfront living environment with access to world-class amenities.

Radiant Real Estate

One of the leading real estate companies known for its innovative and sustainable development projects that transform communities and improve people's lives.

RAK Properties

RAK Properties is a developer based in Ras Al Khaimah, the most northern of UAE's seven emirates, playing a vital role in the emirate's growth. Due to the unique landscape of the region with panoramic mountains and striking beaches, the developer could attract many foreign investments. RAK Properties also invest a lot in the region's infrastructure by building schools and recreation centers.

Siadah Development

Siadah Development is a renowned developer from Abu Dhabi, which is known for its world-class developments and specialization in sustainable developments that offer residents an integrated and eco-friendly lifestyle. The developer constantly strives to increase the confidence of investors and consumers through its newest projects, and is optimistic about the future development of the property market in Abu Dhabi.

Nakheel

Nakheel is a world-famous developer from Dubai, who has been carrying out general development of the city with a total area of 150 square meters for almost 20 years. km. The company has built a number of artificial islands in the emirate, including the legendary Palm Jumeirah, as well as dozens of luxury residential communities, shopping and entertainment centers and hotels.

Modon Properties

Modon Properties develops vibrant and unique holiday destinations to support Abu Dhabi's offerings and drive its growth.

Tamouh Investment

Tamouh is a UAE-based development company whose main goal is the expansion of the real estate market in Abu Dhabi and the surrounding territory. In addition,the company aims at creating sustainable communities for a comfortable living, improving living standards and developing large-scale world-class projects. The most well-known development projects from Tamouh are Marina Square and City of Lights, which demonstrate a high return on investment from 6%. Furthermore, Horizon Towers, which is their latest development in the City of Lights, has a unique 5-year post-handover payment plan which allows purchasers to move into the acquired property immediately.

Importance of Choosing the Right Developer

Buying off-plan properties allows you to save 10-30% compared to buying a finished home, but it always involves risks. Now the authorities of Dubai and Abu Dhabi strictly regulate the activities of developers, so investors are protected. In the event of a stalled project, developers will not become defrauded equity holders and will be able to return the invested funds to buyers. Maximum security is ensured for property buyers in Dubai, where the relevant legislation is highly developed. Off-plan projects in this emirate are closely monitored by the Real Estate Regulatory Agency (RERA), a special division of the Dubai Land Department (DLD).

In Abu Dhabi, the Department of Municipal Affairs (DMA) is now performing similar functions. Until 2015, there were serious gaps in the legislation of the UAE capital regarding the sale of off-plan developments and protecting the interests of investors. For example, some of the projects that were implemented in Abu Dhabi in 2007-2008 were either never completed or were delivered with a delay of several years. But with the adoption of Law No. 3 of 2015 on the regulation of the real estate sector in Abu Dhabi, the situation has changed drastically. The new law clearly sets out the conditions for developers, including the provision of a development plan, obtaining a building permit from the DMA, as well as the mandatory opening of escrow accounts, similar to Dubai. Investors' funds are credited to these accounts, and the developer gains access to them only upon entering a certain stage of construction.

However, even despite all government measures to protect investors, certain risks still remain. These include the following probable situations:

  • The project will be built with a significant delay or will become stalled. According to the propertyfinder.ae portal, more than half of developments launched in the UAE since 2008 were completed at least a year later than the announced deadline. Delivery of real estate on time is especially important for those who rent residential properties: extension of construction for at least a few months automatically means additional rental costs. In turn, those who buy real estate off-plan for subsequent lease, lose the profit that they could have received if the construction was completed on time. The same applies to canceled projects; your investment will be returned to you, but you will lose valuable time and energy.
  • Lower quality of the finished property than originally stated. For example, the interior design or the provided amenities may not match the information previously mentioned in the brochure. It is also possible that the property area will be slightly smaller than promised by the developer.

The best way to protect yourself from these risks is to choose the right developer. As a rule, reliable companies, who want to expand their business further, value their reputation. They understand that their image on the market directly depends on the timing of the project and on the quality of the completed development, which means a surge in sales which then results in profit.

How to Choose the Right Developer

Dozens of developers work in the UAE market, including Abu Dhabi, and it can be difficult to choose the best option. We have compiled a list of basic tips for choosing a reliable company to invest in:

  1. Research all the information about the developer. The most complete data can be obtained with the help of a real estate agent who is well guided and knowledgeable of the market and, by virtue of their profession, owns information that is not always known to the wider public. But you can do the research yourself. First of all, check out the developer's official website and social media accounts, including customer reviews and comments. Find out how long the company has been in the market, how many projects it has already implemented, what awards it has received and who are its partners. Also on the official website you can find out about promotions and special offers from the developer. It is also useful to read the discussions on internet forums regarding real estate in the region- this way you can identify shortcomings in the company's work that customers are unhappy with.
  2. Analyze the developer's projects, both off-plan and completed ones. Look for news on the internet about delays in their construction, as well as comments and feedback from investors. If the company operates in Dubai, alongside Abu Dhabi, you can check out the DLD website and download the Dubai REST mobile application, which publishes the most relevant information about construction in the emirate (including the start date of the project, the announced date of completion and the current stage of construction). This will help you to get a general idea of ​​the developer's work.
  3. Visit one or more of the developer's completed projects with a guided tour, which can be arranged through a real estate agency. You will be able to see the layout, room design, services and amenities in the building. You can compare them with information from a brochure released in the early stages of the project and draw conclusions about the quality of the developer's work. You can also ask the agent to arrange a meeting with one of the property owners from this developer to ask them any questions you may have.
  4. Pricing policy and payment plans. When selling off-plan properties, most developers offer discounted prices, convenient payment plans and other favorable terms. Often several developers sell similar properties in the same area, but the cost and payment scheme may differ. Therefore, it is advisable to study all the proposals in order to choose the most profitable one. But there is also a downside: the most popular developers can offer a higher price, but at the same time your risks of obtaining property with a delay or of low quality will be reduced to a minimum. To choose the best option of excellent quality and not overpay as well, it is best to use the help of a broker who will help to assess all the benefits and risks.

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