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A JV is a partnership investment model that brings together two parties:

  • Investor — contributes capital or land
  • Developer — delivers the full project from concept to sale

VIC CAPITAL acts as your JV coordinator, analyst, and execution partner:
We select experienced developers with a strong track record, structure the deal, and manage it from A to Z.
JV with VIC CAPITAL — Invest with Land.
We Build the Profit.
How JV Works in UAE
The developer executes the full project
Includes design, permits, construction, and sales — under full-cycle management.
Terms are secured by legal agreement
Includes equity shares, responsibilities, timeline, and exit strategy.
Profits are shared based on agreed terms
Typical JV splits: 50/50, 40/60, 30/70 — depending on contribution and role.
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The investor contributes land or capital.
You can enter with your own plot or invest through us in a secured structure.
Comparative table of participation forms
Independent acquisition of land and full development under your management
An agreement with a licensed developer; you retain control while leveraging their resources
A dedicated legal entity created to deliver a single development project
Key Advantages
  • Full freedom of action
  • High ROI potential
  • Direct control over all stages
  • Fast launch, minimal setup
  • Use of developer’s license
  • Lower entry costs
  • Separate legal structure
  • Investment-ready format
  • Risk-sharing with partner
Main Risks
  • High capital requirements
  • Responsibility across all stages
  • Internal resource strain
  • Reliance on developer
  • Lower profit share
  • Risk of misalignment
  • Bureaucracy in setup
  • Longer start-up time
  • Full legal compliance required
Stages of the deal
  1. Land purchase
  2. Masterplan & approvals
  3. NOC, permits
  4. Build & sell
  1. Sign DMA with developer
  2. Register in RERA
  3. Project execution
  4. Profit distribution
  1. SPV registration
  2. Dev license setup
  3. DLD approvals
  4. Escrow account
  5. Construction & sales
  • SPV + development license
  • Registered via Apostille or mainland
  • Register DMA in DLD/RERA
  • Often without forming a new entity
  • Developer or investor registers directly with DLD, Trakhees, Municipality, etc
Registration Process
Model
SPV (Special Purpose Vehicle)
DMA (Development Management Agreement)
Free Development
Description
  • 50/50 — Classic Model
    The investor and the developer contribute equally and share profits on a 50/50 basis. A balanced and transparent structure for full joint participation.
  • 60/40 — In Favor of the Investor
    Used when the developer doesn’t invest capital but acts as an execution partner. The investor receives a higher share of the profits in return for full funding.
  • 50/50 — Based on Built-Up Area
    Profit or units are divided proportionally based on project cost or constructed square footage. Ideal for phased or multi-unit developments.
Feasibility & location analysis
JV structuring & format selection
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Access to top-tier developers
Advisory on optimal legal setup, equity distribution, and compliance
Architectural vision + investment model aligned with market needs
Legal and tax framework
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Project concept & business model
Tailored structuring of SPV, DMA, or fee-based development models
Assessment of land potential, demand, project margins, and local dynamics
With proven track records and delivered projects in Dubai, Abu Dhabi, and Ras Al Khaimah
Marketing & sales launch coordination
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Full-cycle execution support
Broker network activation, pricing strategy, launch preparation and sales control
From land acquisition to exit and capital return — we stay involved at every stage
What we provide as VIC CAPITAL
Who is the JV model right for?
Those who prefer equity-based returns over fixed income and seek long-term value creation.
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Family offices & investment groups
Those with execution capability but seeking capital, land, or structure to launch a project.
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Developers
Those who own land and want to turn it into a high-performing asset without developing it themselves.
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Landowners
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Those who want to participate in real estate returns without managing construction or operations.
Investors
Want to see how a JV performs in real numbers?
Download a detailed example with full calculations:
• Profitability breakdown
• Timeline & construction cost
• Investment model comparison
Case Example: JV on a Villa Plot
  • Location: Dubailand Residence Complex (DLRC)
  • Plot size: 28,842 sq. ft.
  • Total Investment: AED 34 million (provided by the investor)
  • Development Timeline: 36 months. Full execution by the developer
  • JV Model: 60/40 in favor of the investor (developer acts as operator without equity contribution)
  • Expected ROI: 36.28% annual return for the investor
  • Calculation Basis: Based on project area and AED per sq. ft. development cost