FAQ
Frequently Asked Questions
Property owners list their properties on the platform. Verified developers browse listings and send inquiries. If both parties agree, a three-party contract is signed and the development begins. After the property is sold, profits are split 60% developer, 35% owner, 5% CO DEVELOP.
No. The developer covers all development costs and carries the financial risk. As an owner, you contribute your property and receive 35% of the net profit after sale.
Every developer goes through a 24–48 hour verification process that includes company registration checks, reference projects, and document review. Only approved developers can contact property owners.
If the property doesn't sell after development, it is rented out. The developer receives a share of rental income until their invested capital plus an agreed minimum return is recovered. A maximum rental period is defined in the contract, after which a sale is required.
The property owner retains legal ownership throughout the development process. The developer has a contractual right to a share of the proceeds upon sale.
CO DEVELOP takes 5% of the net profit upon sale. There are no upfront fees for property owners. Developers pay a monthly membership fee to access property listings.
Net profit = Sale price minus the agreed starting value of the property minus development costs. This is then split 60/35/5 between developer, owner, and CO DEVELOP.
All disputes are handled through the Dubai International Arbitration Centre (DIAC). CO DEVELOP acts as a neutral intermediary and can facilitate mediation before formal arbitration.