How to Check Real Estate Project Status in Dubai โ A Complete Guide
Dubai is a global real estate investment destination. People from across the globe come to Dubai to invest and take advantage of the cityโs offerings. Both local and foreign investors need to stay updated on project developments to reduce the risk factor and make informed decisions. It is necessary to track the status of a real estate project in Dubai to maintain the trust factor. Authorities such as the Dubai Land Department (DLD) and Real Estate Regulatory Authority (RERA) and online platforms such as The Dubai REST app extend real-time updates on the development statuses of projects.
Understanding Dubai Real Estate Project Status
The concept of project status refers to the current stage of development of a project. Dubai offers both ready-to-move-in and off-plan real estate investment opportunities. Under-construction projects require proper checks and balances to maintain transparency and prevent project delays and financial losses. In the case of off-plan developments, learning about project status is crucial to ensure whether a project developer is adhering to regulatory requirements and timeliness.ย
Why Tracking Project Status Is Crucial?
- Tracking project status keeps property investors informed about the current stage of development work or construction progress
- It enables investors to predict expected completion dates and plan their move-in accordingly
- Investors and property buyers will be able to take proactive measures if the development work is slow
- It also makes developers accountable and adheres to the given schedule
- Investors and property buyers can also detect if a developer stops the development work or fails to execute his given plan
- This prospect also ensures the protection of the escrow account, enabling investors to confirm funds are being used properly
- If a buyer tracks the status of a project, it will help him manage his dues accordingly
- It also reduces the risk of financial losses, enabling investors and buyers to make informed decisions and plan their strategies accordingly
Types Of Property Status In Dubai:
Completed: It means a project is completely developed. โCompleted Statusโ means a project is fully built and can be rented out.
Off-Plan: The project is under construction or not completed. A project is only available for possession when it is fully completed.
Under Construction: This means that the development work is still ongoing or that a project is being developed.
What Is Mashrooi?
Mashrooi means โMy Projectโ. The Dubai Land Department extends this service and allows property investors and buyers to get real-time progress information on a real estate development. This service enables people to check the real-time data of a property to make their decisions accordingly and ensure that their projects are being developed based on the given timeframe.
Official Channels for Checking Real Estate Project Status in Dubai
Dubai Land Department (DLD) Project Status Verification
The Dubai Land Department plays a crucial role in regulating and monitoring real estate developments in Dubai to ensure compliance with set rules and regulations and protect the rights and finances of investors and property buyers. The DLD has also developed an online portal, allowing investors to check the status of real estate development in Dubai.ย
Visit the official website of the Dubai Land Department (DLD) to check the status of a project and move to the โProperty Status Inquiryโ section, Now add the asked property-related details such as title deed number, plot number, or the name of the property owner. Following that, submit your query to get the real-time development status of a project.
Dubai REST App
The Dubai REST app is an online application developed to offer property-related information such as title deed verification, real estate transactions, rental payments and property market insights to all stakeholders. This application also helps people know the project status of their desired real estate development.
Download and install the Dubai REST app. Create and account and log in. Click on the โProperty Status Inquiryโ option and add the required details to check the status of a real estate project in Dubai.
How to Verify a Real Estate Agent in Dubai?
To ensure a safe and legitimate real estate transaction in Dubai, it is necessary to verify a real estate agent. Always hire a RERA-licensed real estate agent. A property investor or buyer can also verify an agentโs broker number through the official DLD website and the Dubai REST app. A copy of the RERA card can also be asked to verify their credibility and affiliation with their respective real estate agencies. Property investors should always get the services of a certified professional to ensure compliance with legal standards, maintain transparency, and prevent any unwanted activity.ย
The Green List in Dubai Real Estate: What Does It Mean?
The Green List is aimed at improving transparency and ethical communication between property owners and brokers. The Dubai Land Department took this initiative to ensure that only registered brokers can now contact property owners. Only RERA-certified real estate professionals can contact and engage with property owners to not only ensure data privacy but also improve transparency.
The Bottom Line:
Dubai is considered an investment hub. Property investors from all over the world come here to take advantage of its booming real estate market. The city is committed to offering a secure and efficient real estate investment environment to protect the interests of all stakeholders. Property investors can also check the status of real estate developments in Dubai through the official website of the DLD and the Dubai REST app. This step of the local government allows stakeholders to track projects. It also minimizes financial risks and helps buyers to make well-informed decisions.
Looking To Buy Property In Dubai? Get In Touch With Us Now:
Kelt and Co Realty is a prominent real estate agency in Dubai. This property company helps local and foreign investors locate and purchase their dream properties for sale in Dubai. If you are also passionate about investing in Dubaiโs real estate then contact us. Our real estate professionals not only understand the property market of Dubai but they can also predict based on the current market position. They also deliver tailor-made real estate services and allow our clients to meet their specific real estate objectives.
Is Dubai a good place to invest in property?
Yes. Dubai is one of the best real estate investment destinations in the world. This city not only offers futuristic living and business spaces but also allows property investors to generate significant ROI through property-related investments.
Are there any taxes on buying or owning property in Dubai?
No. Dubai does not levy taxes. There is no income tax or capital gain tax in Dubai, leading to exceptionally high ROI.
How to check the project status in Dubai?
You can visit the official website of the Dubai Land Department (DLD) or download the Dubai REST app to check the project status of properties in Dubai. This initiative allows investors to track the development work and make their investment decisions accordingly.
Can foreigners buy real estate in Dubai?
Yes. Dubai allows foreign nationals to invest, purchase and own all types of residential and commercial properties in designated areas called freehold areas. If you are a foreigner, you can choose a freehold neighborhood such as Downtown Dubai, Palm Jumeirah, Dubai Marina and JVC to buy your property and enjoy exclusive ownership rights in Dubai.