Legal
Terms & Conditions
1. Platform Role
CO DEVELOP is a technology intermediary platform that connects property owners with verified developers in the UAE. CO DEVELOP is not a party to any development agreement and does not act as a real estate broker, contractor, or financial advisor.
2. Developer Membership
Developers must complete a verification process before accessing property listings. Membership fees are non-refundable. CO DEVELOP reserves the right to suspend or terminate accounts that violate platform policies.
3. Profit Sharing
Upon successful sale of a developed property, profits are distributed as follows: 60% to the developer, 35% to the property owner, and 5% to CO DEVELOP as a platform service fee. This distribution is contractually agreed upon by all parties before project commencement.
4. Contracts
All deals conducted through the platform are governed by a legally binding three-party agreement. CO DEVELOP provides a standard contract template reviewed by UAE-qualified legal counsel. Parties are encouraged to seek independent legal advice before signing.
5. Dispute Resolution
Any disputes between owners and developers shall be resolved through the Dubai International Arbitration Centre (DIAC) in accordance with its rules. CO DEVELOP may offer mediation services as a neutral intermediary but is not liable for outcomes.
6. Limitation of Liability
CO DEVELOP is not liable for construction defects, project delays, market value changes, or any losses arising from deals conducted between owners and developers. The platform provides infrastructure and facilitation only.
7. Governing Law
These terms are governed by the laws of the United Arab Emirates. Any legal proceedings shall take place in Dubai.
8. Contact
For any questions regarding these terms: hello@codevelop.ae