Culture Village

Development guide

With a prime Creek-side location, Dubai’s Culture Village captures a true Arabian architectural style with wind towers, stone walkways and traditional souqs. Housing villas with three or four-bedrooms, the area will be complete with everything from luxury hotels to performing art centres. By mid-2016, 76 of the units in Culture Village will be complete.

Expectations for the area are high and Khalid Al Malik, CEO, Dubai Properties Group, was quoted as saying, “Due to its prime location in the heart of Culture Village, traditional Arabic theme and waterside living experience, we are confident Manazel Al Khor [one of the villa projects for sale] will prove to be an attractive investment for local, regional and international buyers.”

In addition to its residential area, Dubai Culture Village’s commercial district will house cultural institutions, schools, academies for art, music, dance, pottery and other crafts. Meanwhile, as part of the retail sector, a range of culture-focused shops will be developed, including rare bookshops, craft galleries and a traditional souq, offering Arabian crafts, antiques and herbs and spices.

With exclusive developments such as the Palazzo Versace, the Iris Asmar and the D1 Tower, there seems little doubt that the Dubai Culture Village will soon feature among the most desirable residential locations in the emirate.

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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