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Deira

Development guide

Deira is the area of Dubai north of Dubai Creek and south of the Sharjah border. 

It is the traditional commercial center of Dubai and the Creek and its dhows were the historic mode of transport. 

Today Deira is split in two parts. There are the old souks (Gold and Spices) near the waterfront, and Dubai International Airport covers a major part of the area into the creek inland. 

Deira suffers a lot from traffic congestion as the bridges to Bur Dubai are at full capacity during the rush hour. In hidden backstreets the traditional life still takes place but it is not obvious to the tourist.

Deira Islands Night Souk, being built here by Nakjheel, will be a beautiful, modern interpretation of the traditional Arabic souk set right next to Deira Mall, on Deira Islands, off the coast of Deira.

  • A bustling new shopping and dining destination on the 15.3 sq. km, Deira Islands development
  • Stretches 1.9 km along Deira Islands’ waterfront
  • 5,300 shops and 96 quayside cafés and restaurants
  • Easily accessible by road and water, and within walking distance of hotels, residences and Deira Mall


RENT
180,000 / year
Ref.No: imex-861634
Retail
1,309 ft2
138 AED/ft2
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Call management
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management