Dubai is known as the land of the desert for almost 20 years and who would have thought that after just a small span of time it will evolve into a beautiful must-visit place that is always on the top of everybody’s bucket list and where the tallest and grandest buildings are located. As what many people said, from being scratch to hatch, indeed. Dubai is home to hundreds of property developers ranging all sizes and has been ranked for the first time among the world’s most powerful cities for attracting expatriates and businesses and known for its fast-growing economy.
If you think about Dubai, what are the things that will pop out in your mind?
Burj Khalifa, Burj Al Arab, The Dubai Mall, Dubai Creek, The Dubai Fountain, Mall of Emirates, and Wild Wadi Waterpark. Maybe these are just the very few among of many worthy-to-visit places that are on the top of your mind. And while you are enjoying its absolutely splendid view or just by even viewing its spectacular details on your phone with the use of the internet, have you ever wondered who are these group of people behind these successful buildings? Well, it is the DEVELOPERS. But who are they and their role?
Developers, are group of people who buy land, finance real estate deals, build or have builders build projects, create, imagine, control, and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate—and receive the greatest rewards. They are like the conductor that creates, visualize, guide, and develop new world class records. They are the mind, body, and mastermind of everything beautiful you see in every building.
So, every time you will visit places and appreciate the spots around you then give time to appreciate also the people behind that who gives effort, time and take a huge risk.
There is no rule mandating that a property developer must be a building contractor as well. A property developer does not have to be an architect, building or land surveyor, construction contractor or builder, a quantity surveyor, a geotechnical expert etc. or an economist. I haven't heard of rich economists, architects or builders as much as I have heard of wealthy property developers. Having a background in any of these professions is a plus, but not necessary.
To become a successful property developer or to be a successful property developer you must have possessed these kinds of characteristic whether you are degree holder or not as long as you have these:
Developer’s Mindset must be driven, in terms of your desire to achieve your financial goals, troubleshoot problems and have an obsession to keep going forward. This becomes a lot easier if you really enjoy property development. Because, property development is full of challenges and problems that need to be resolved and or contained. If you don't really enjoy what you do, inevitably you will not last very long in the industry.
Your educational qualifications & experience are not that much needed to become a property developer but instead you must be willing to learn everything about property development. This education will never stop as property development requires and involves many disciplines, so chances are that you will come across something new in every development project. You must have the right pro for the kind of project you are undertaking. You don’t have to have the most expensive consultants you just have to have the right consultants and professionals for the size of your project. A property developer needs to understand all faces of the process. From conducting property development feasibility determining the highest best possible use of the site to identify profitable opportunities. Understand the property market cycles, conduct market research & due diligence, to engaging the property development team and orchestrating & facilitating the entire procedure
Before you enter into the realm of property development, you must have assembled a team of property experts and knowledgeable consultants.
Everyone is capable of being a developer as long as you have enough funds and essentials
Good property developers are few and far between. If you plan to purchase a property in Dubai, the first thing on your list should be to find a reliable property developer. It is the most important fact in terms of buying a property that will serve you in the long-term. Choosing a top property developer may be the difference between making a sound investment or losing your hard-earned money. creates a lifestyle that makes every moment count. Enjoy luxury homes within spectacular communities. With the goal to create world-class living and make your life way much easier and lighter.