How to Check the Completion Percentage of a Real Estate Project in Dubai?
In the world of a dynamically developing real estate market, Dubai stands out as a city that offers not only luxurious objects but also extensive opportunities for investors and future homeowners. However, investing in real estate projects during the construction phase can carry certain risks and uncertainties, especially when it comes to adhering to timelines. How can you ensure that your future home or investment project is progressing according to plan? How to check the completion percentage of a real estate project in Dubai and ensure the reliability of your investment choice? In this article, we will explore a tool that will help you stay abreast of all stages of construction and ensure that your investment is secure.
So, if you are interested in the real status of the completion of the construction of a real estate object before purchasing, this can be done through the Dubai REST application (the official application from the Dubai Land Department) in the Project Status (Mashrooi) section.
In this section, you can find the project by its name and subscribe to updates. This will help you stay informed about all new data about the object that appears after scheduled inspections, as well as its completion.
Project statuses:
active - projects under construction with an indication of its completion percentage;
finished - completed projects.
Also, the following information is available in this application:
the project start date;
project number;
the expected date of completion of the construction of the object;
the total area of the object;
the number of apartments;
the number of floors;
project fund number;
escrow fund;
project location;
photos from the scheduled inspection report;
the current completion of the project and completion at the time of previous inspections;
the scheduled date of the next inspection.
In conclusion, checking the completion percentage of a project is not just a step towards ensuring your financial security but also a tool that allows maintaining stability and trust in the real estate market as a whole. Using the available tool, investors and future homeowners can not only protect their investments but also contribute to creating a more transparent, responsible, and sustainable environment in the field of real estate in Dubai. Ultimately, an educated and informed investor is a stable and thriving market, and therefore, a prosperous and thriving society.
