Urban Development
Our approach is about creating value by incorporating tangible improvements to the physical land site or property. Development of real estate include constructing new projects, modifying existing ones or simply improving and developing existing building to enhance its value. The process usually includes a wide range of activities and operations, starting from studying the real estate market and conducting economic feasibility studies, through choosing the appropriate project and activity, then choosing the project site, preparing engineering drawings and plans, and what follows from establishing and implementing the project, then delivering it and managing it professionally to ensure the success of the project and achieving the maximum return and benefit for users.
Pre-development
The pre-development stage is a highly important step which investing without it carries great and varied risks because there are many unknowns. Its important to first conduct a thorough market analysis and feasibility study to fully understand the real estate market in the area of the project and potential investment opportunities.
Some of the common steps in this phase include:
- Market analysis and feasibility studies
- Surveys and environmental assessments
- Land acquisition or securing option rights to purchase land
- Site plans, building plans and permitting
- Some infrastructure improvements
- Arranging construction financing
Construction
The middle stage of real estate development is the actual construction or improvements of buildings. Since the pre-development tasks have been completed, the project risks at this stage are greatly reduced but certainly not eliminated so the construction developing teams monitor the project closely to ensure smooth operations and mitigate the potential risks of project cost or time overruns.
This stage is the most extensive one in the whole process; so we always ensure to avoid costly mistakes and substandard work. As such things can cause failure in the whole property improvement.
Some of the common steps in this stage include:
- Structural construction and finishing
- Project marketing
- Project delivery
- Obtaining the certificate of occupancy
Operation
The final stage of the development process begins once the construction is complete so developers start to leas out and manage the building, here comes the last process in the real-estate development which is “operations”. Here the whole real-estate development plan takes place and starts to be initiated and implemented on the ground.
Nile Services
Developing future cities
Development is a process that creates growth, progress and positive change. It needs a creative thought and innovative mentality; and at Nile we got it all.
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