Did you know that all real estate in Dubai, especially those used for investment purposes, is fully insured? Major developers also compensate for damages in cases of natural disasters.
More and more Dubai developers, including MAG, Emaar Properties and Damac Properties, have come out in support of their communities after heavy rains this week caused severe flooding and damage to vehicles and property. While property insurance may not always cover such expenses, developers are ready to fully cover repairs where needed.
“In light of the unprecedented weather conditions witnessed in the UAE earlier this week, we are committed to supporting our clients during these challenging times. The resilience shown by our residents, coupled with the support measures taken by the government, serves as an inspiration for us to provide assistance to those in need,” said Talal Moafaq Al Gaddah, CEO of MAG Lifestyle Development.
“Emaar will take on the repair of all properties in our communities that were damaged by the recent rains to ensure that our residents can return to their daily lives as quickly as possible,” said Mohamed Alabbar, Founder of Emaar.
With properties fully insured and developers committed to swift repairs and support, investors can be confident in the security and stability of their investments. Dubai’s commitment to protecting its communities and investors makes it an attractive and reliable destination for real estate investment. Check the available properties for investments in Headway NOVA app – smart investing in tokenized real estate!
