Management Consulting
Management consulting services offer invaluable operational insights and strategic guidance to new developers relating to real estate development practices in UAE, market trends, competitive landscapes, investors’ preferences and other aspects in order to facilitate the developers’ holistic and effective decision making, ensure robust, dynamic and sustainable progress of the projects and thereby achieve their overall efficiency and profitability.
Additionally, our management consulting practice provides guidance on project management, including operational management, financial and other resources management to ensure their optimal allocation and utilization, coordination and control over project design and technical supervision processes as well as engineering-technical, financial, legal and other regulatory compliance requirements, - thereby empowering developers to build agile and resilient internal systems capable of adapting to dynamically evolving stakeholders’ needs and market conditions.
By leveraging our management consulting services, new developers can gain additional competitive edge, accelerate their growth dynamics, and establish themselves as industry leaders in the actively growing UAE real estate market landscape.
Principal areas of management consulting (on project management activities) with respect to a real estate development project in Dubai *
Incorporate a Сompany – forming a legal entity in Dubai to operate as a real estate development company
Obtain a Commercial License of DED – acquiring the necessary commercial license of Dubai Economic Department
Register as a Developer with DLD – obtaining a developer registration certificate of Dubai Land Department / Real Estate Regulatory Agency
Open a Corporate Bank Account – setting up a current bank account of the company for business operations and transactions
Land Selection and Feasibility Study - – researching potential land plots, preparing a detailed feasibility study to assess project viability
Land Purchase and Title Deed - purchasing a land plot and obtaining the title deed and other land plot related documents/plans/certificates from Nakheel PJSC and Dubai Land Department
Financial Model - preparing a comprehensive financial model for the project, including costs and income projections, financing strategies, and profitability
Land Owner / Developer and Project Registration - registering a land owner / developer and its project in Nakheel PJSC and Trakhees CED as well in Dubai Land Department /Real Estate Regulatory Agency systems
Project Documents and Drawings – producing, jointly with architects and engineers, project documents and design drawings (preliminary/concept drawings, schematic/detailed/building permit drawings etc.)
Authority NOCs and Approvals - obtaining NOCs and approvals from Nakheel PJSC, Trakhees CED and other relevant authorities and regulatory bodies
Coordination and Supervision of Contractor(s) / Consultants Activities and Interaction - coordinating and supervising the interaction amongst the project participants, including the main contractor, sub- contractors, engineering consulting company and other consultants, sales agencies and others, including participation in all the working meetings etc.
Sales and Marketing - preparing documents and execution of advertisement, sales and marketing activities
Accounting and Finance - carrying out financial and management accounting and reporting
Escrow Account, Taxation and Audit -– opening and managing an escrow account, fulfilling annual audit, tax filing and other statutory requirements
Authority Inspections - assisting in the authorities’ inspections, including Dubai Land Department, Real Estate Regulatory Agency, Trakhees CED, Dubai Civil Defense, Environmental, Health and Safety Authority and others
Completion Formalities - managing the formalities relating to project completion with authorities (Dubai Land Department / Real Estate Regulatory Agency and others)
Handover – carrying a smooth transition of the completed project to property owners, owners’ association management company (OAM) and facilities management company (FM)
Note: This description is neither complete nor comprehensive since the stages, scope and other details of works will depend on and vary subject to project input data and actual conditions of a particular project