Property Development & trading

AWTAD Property Development is the development arm of MAZ Investments, and the engine behind the materializing of all its property projects.

AWTAD Property Development has three key business lines: residential, commercial and hospitality real estate.

AWTAD Property Development’s first line of business is to recruit the right teams for the right tasks – from architects and lead consultants, to contractors with proven records and highly recommended sub-contractors.

Having completed this part of the process, we then bring the project to market with the following steps:

All projects are registered with RERA. Each account, once registered with RERA, is then placed in Escrow.

The client and developer then sign a Sales Purchase Agreement for every individual property unit purchased.

All payments toward the unit will be deposited into the project’s Escrow account.

The property will be registered with Dubai Land Department via the OQOOD registration process.

The buyer must then pay for a registration fee that is equal to 4% of the total price of the property at the time of purchase.

After said steps have been completed, a round of follow-ups regarding payments and project updates will be planned accordingly.

The entire process is completed with the smooth and successful delivery of projects and units.