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Tecom

Development guide
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The TECOM free zone consists of Dubai Internet City, Dubai Media City and Knowledge Village.  The free zone offers 100% ownership as well as hassle-free administrative services to hundreds of global companies in the media, technology and education industries.

The Tecom area, however, is filled with high-rise apartment towers that boast everything from studios to three and four-bedroom apartments. Located between Al Barsha and The Greens, Tecom has easy access to Sheikh Zayed Road, Sheikh Mohammed Bin Zayed Road and Al Khail Road, making it the perfect place for commuters. Tenants can find most major supermarkets, hotels and bars in the area in addition to their very own metro stop. Tecom is still under development, but construction doesn’t cause much disruption.

Dubai Internet City

As the region’s first information and communications technology (ICT) hub, Dubai Internet City (DIC) has attracted some of the biggest names in ICT to the Emirates. Providing companies with a technology platform, DIC has brought in substantial foreign investment and researchers into the city.
Some of the brands that are located within the ICT hub include: Microsoft, Oracle, HP, IBM, Compaq, Dell, Siemens, Canon, Logica, Sony Ericsson and Cisc.

Companies within the cluster offer a range of services, including software development, business services, e-commerce, education & training, sales & marketing, back office operation and consultancy.

Dubai Media City

A dedicated free zone for the media industry, Dubai Media City (DMC) was revolutionary in its approach in the GCC by giving media organisations a freedom to create. With a key focus on transparency and creativity, the free zone has served as a global launch pad for media businesses, creative talent and international corporations.

Today, DMC hosts over 850 companies in sectors as diverse as print, broadcast, new media, audio-video production, advertising and public relations. Prominent media outlets that have been with DMC from the start include Reuters, CNN, MBC and CNBC and today this has expanded to include the Associated Press, Bertelsmann, International Advertising Association (IAA), McGrawhill Platts,  and Sony.

Dubai Knowledge Village

Dubai’s focus on creating a knowledge-based economy is bset reflected in its vision of Knowledge Village (KV), a regional centre for learning and innovation.

KV was established to develop the emirate as an educational destination, especially through the universities that were invited onto the free zone’s mega-campus. Complementing TECOM’s other clusters, KV serves as the emirate’s education and training hub.

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Call management
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

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

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

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

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

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