As Dubai’s real estate industry grew post the introduction of freehold ownership laws in 2002, it became evident to Realpoint’s founders that in the maturing market there was going to be a growing need for independent expert advice and services.
Following the introduction of Dubai’s Escrow Law in 2007 came the opportunity to provide independent project monitoring to protect investors. To support this in 2008 the business was established (then called Screampoint Property Observer) with its office based in Dubai, UAE. Then to work exclusively with Dubai’s Real Estate Regulatory Agency (RERA) to independently monitor and track construction progress and to provide technical expertise to Escrow development projects.
Over 3 years working with RERA Realpoint gained a unique insight and knowledge on real estate and development in the region. What works and more importantly, what does not. We also gained exposure by working alongside and tracking the projects of all the major developers in Dubai.
As part of this RERA commission, Realpoint developed one of the region's first 5D Digital City platforms for managing inspections, client reporting, providing analysis and visualisation of the large amounts of information obtained during our property inspections. With this local development knowledge and a full appreciation of the entire property lifecycle, we now manage new build and refurbishment development projects on behalf of our clients.
The business has expanded its services to include a wide range of clients and now works on a variety of real estate commissions from individual unit inspections to development of high-rise towers. We also work throughout the UAE and Middle East region with several Government clients in a consultancy and advisory role.