Noriaxi
Validation framework

We understand what you're looking for.
We validate what we offer you.

Two phases. First we understand your profile and investment objective; then we evaluate each project and each developer against eight criteria. The framework is published openly.

As PDF: print this page, "Save as PDF".

Why we publish the framework

If we can't defend the criteria in public, we can't defend them in the room.

We work with investors who have relevant liquidity and little time. The last thing they need is a sales deck. What they need most is explicit criteria they can challenge point by point before moving forward.

The framework is applied case by case. When we accept an application to the event, each of the 3-4 preselected projects reaches the investor with each criterion filled in, not as a generic checklist.

Phase 1 · We understand what you're looking for

Before evaluating a project, we analyse your profile.

Before recommending any unit, we understand each client's profile. Without this, no recommendation is possible.

01

Investment objective

  • Resale during construction ("the flip")

    Short-term financial transaction aimed at capturing asset appreciation before handover.

  • Wealth through traditional rental

    The property is rented year-round to the same family, with advance payment: lower yield but greater peace of mind and less management. The owner doesn't use the unit during the lease.

  • Wealth through holiday rental

    Higher yield, and the owner can enjoy the property during certain periods.

02

Risk profile

  • Conservative profile

    Consolidated zones: less room for growth, but greater security and stability.

  • Dynamic profile

    Expansion zones: greater long-term appreciation potential, with greater associated risk.

03

Residency objective

If the client is interested in obtaining the UAE Golden Visa, we factor it in from the start and steer the selection toward properties meeting the AED 2,000,000 minimum threshold, so that the real estate investment and the residency objective are aligned from day one.

04

Tax context

Taxation is one of the aspects that most concerns home-country investors considering buying in Dubai. While we aren't tax advisors, we help you understand the basic concepts of the tax context of a transaction of this kind, and we have specialised partners who accompany you through the entire tax side of the process, so you don't make a mistake on something this important.

Phase 2 · How we evaluate the project and the developer

Eight criteria. What we look at, how we verify it.

01

Developer track record

What we look at

Years in operation, total number of units delivered, schedule slippage on previous projects, presence of public lawsuits or disputes.

How we verify it

UAE commercial registry, official DLD portal, specialised press (Gulf Business, Arabian Business, Reuters Real Estate) and the developer's public filings in regulated markets if listed.

02

DLD and RERA registration

What we look at

We verify two official registries. The DLD (Dubai Land Department) is the equivalent of the Land Registry, with broader functions: the body that records property ownership and all sale transactions in Dubai. RERA (Real Estate Regulatory Agency) is the market supervisor, under the DLD: it verifies that the developer has a valid licence to sell, that the project is officially approved before being marketed, and that the escrow account is active and supervised.

How we verify it

We check the DLD registration (which protects the buyer's title) and the RERA registration (which protects the buyer's money during construction) on the public Dubai Land Department portal. Without both, the project doesn't enter.

03

Active escrow account

What we look at

Depositary bank, operational capacity of the account, compliance with Law No. 8 of 2007. Payments are held until verifiable construction milestones.

How we verify it

Trustee bank certificate + explicit clause in the SPA (Sale and Purchase Agreement) confirming that your payments are held in escrow. If the developer avoids the topic, that's a bad sign.

04

Real payment plan

What we look at

We verify that the payment plan the developer is willing to formalise matches the one in their advertising. Before recommending any project we contrast both and, whenever possible, negotiate the best available payment terms at that moment.

How we verify it

Through direct meetings with the developer for each preselected project, always seeking the most favourable payment terms for the client. Review of the SPA is the buyer's and their legal advisor's responsibility: we strongly recommend reviewing it with a lawyer specialised in UAE real estate law before signing.

05

Delivery history

What we look at

Declared delivery schedule and typical slippage by the developer on comparable projects (DAMAC publishes ~44,000 units delivered with documented history).

How we verify it

Comparative analysis of 3-5 projects from the same developer over the last 7 years: brochure date vs actual handover registered in DLD. We calculate the median slip.

06

Resale conditions during construction

What we look at

The conditions that govern the possibility of reselling the unit before building delivery, what the market calls "the flip". It's a very common strategy among investors who buy off-plan with the goal of selling during construction, capturing asset appreciation before handover.

How we verify it

We speak directly with the developer to learn the specific conditions of each project (a combination of legal requirements from Dubai regulation and the developer's particular conditions). We verify the percentage of price that must be paid to transfer the unit to a third party, the construction progress required to authorise the flip and other requirements within the legal framework. Knowing them precisely before recommending the project is our job.

07

Market metrics analysis

What we look at

Before offering you a unit we analyse in depth the market metrics for that specific zone and typology — not generic Dubai data but for the district, the building and the unit type: evolution of sale and rental price, rental demand and trend, net yield after all real operating costs (service charges, estimated vacancy, management, fees), historical appreciation of similar properties, appreciation potential during construction and comparables from real DLD-registered transactions.

How we verify it

We work with the main Dubai real estate data platforms (including PropertyMonitor, DLD transactional data and other specialised tools). This lets us offer verified information and not depend on estimates or on developers' own data.

08

Location and connectivity analysis

What we look at

An analysis of the building's location that goes beyond numbers. Connectivity and transport: available public transport and distance to the building, infrastructure under construction or planned (new metro lines, Hyperloop, the new Al Maktoum airport), private vehicle accessibility and connecting roads. Proximity to key points: distance to beaches, shopping centres, business districts and other points of interest in the city.

How we verify it

We review the official infrastructure and transport plans for the area and measure real distances to key points. It matters because connectivity and proximity determine demand and rental price, and planned infrastructure improvements are one of the main drivers of medium-term appreciation.

Want to see the framework applied to specific units?

When you apply to the Madrid 26 Jun event, each preselected project reaches you with the framework filled in for your profile.

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