Usually a Sponsor is an individual with years of experience in the role of leadership. He or she must have e sponsor is also an influential personality who can chair his or her ways through people and make the participants listen to him or her effectively. The sponsor has both steering as well as stealing role. RERA certified local sponsor in Dubai fulfills all the duties efficiently and effectively.
As such there are many roles and responsibilities of a local sponsor for real estate in Dubai but the major ones include-
• Sponsor is the captain of the ship- sponsor will decide the particular event or project to be undertaken and will shape it. He or she will analyse the cost of the entire project and also make the cost benefit comparison. This forms the basis of starting any project. Without understanding the benefits that can be realized from the project one should not invest their funds. A project should be started where it is needed the most.
• The sponsor will be responsible for smoothly managing the project in its entire cycle. He or she will resolve conflicts if any between the members and take care of any last minute mishaps. He or she has to be capable enough to offer any and every kind of advice as and when required. He or she should have contacts with the right people from all kinds of professions and backgrounds. This will help in getting all the approvals easily and solving a problem if one arises. For example having contacts with government officials can help in saving time by way of easily getting the approvals.
• After the base of the project as decided and the baselines decided and made clear any change after it has to be made by the sponsor. No changes can be made without the approval of the sponsor. Any increment, decrement, rectification, alteration will take place by the sponsor. In this he can be assisted by a team selected by him for this purpose. This is beneficial for the project in the way that not everyone can alter the project as per his wishes. It will also help in sticking to the timeline.
• Sponsor will play an important role in identifying risks and explain to his team the ways of managing it. The important areas are identified by him before hand and ways are sought to surpass them. The local sponsor for real estate business setup in Dubai will let the head of the project understand the risky portions and assist him in tackling them. For example if the sponsor knows that an industry cannot be established in a forest area he will not go ahead with the project and save precious time and resources.
If you want to start real estate business in Dubai and looking for a trustworthy local sponsor then we at Business Link UAE consultancy assist you through the whole procedure to get right RERA Certified Local Sponsor in Dubai.