2 projects
License expires Jul 2026

DEVCO REAL ESTATE DEVELOPMENT L.L.C

License #966016 · Registered 2021 · 50% avg completion
01Developer verdict
CONDITIONAL BUY
1 completed, 1 under construction. Verify delivery history before committing. Average yield 5.3%. Best performer: FIVE LUXE (#1792). License renewal due Jul 2026 — verify before committing to under-construction projects.
Top projects by rank: FIVE LUXE (#1792), Sensoria at Five Luxe (#1952)
02Key numbers
Total projects
2
DLD registered
Completed
1
50% done
Under construction
1
in progress
Avg yield
5.3%
on par / above
Sales (12m)
78
transactions
Rent contracts (12m)
21
strong demand
Occupancy
4%
21 / 513 units
Best rank
#1792
FIVE LUXE
03Portfolio breakdown
2
projects
Completed1
Under construction1
Pending0
Recent completion track record
FIVE LUXE
finished
Sensoria at Five Luxe
in progress
04Risk assessment
caution
License expires before handover
License #966016 expires Jul 2026, while several projects have handover dates in 2026–2028. Verify renewal plan before buying under-construction units.
05Project portfolio — top performers
ProjectRankYieldGrowthTotalAED/m²
FIVE LUXEfinishedMarsa Dubai#17925.3%——47.543Analyze project →
Sensoria at Five LuxeactiveMarsa Dubai#19525.8%——53.763Analyze project →
View all 2 projects in bot →
06Before you buy from this developer
critical
Verify license renewal plan
License #966016 expires Jul 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
DEVCO REAL ESTATE DEVELOPMENT L.L.C has 1 completed projects. Completed projects carry lower developer risk than off-plan.

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