Al Sufouh

Development guide

Al Sufouh is a Dubai area located in the most dynamic part of Dubai, along the coast of the Arabian Gulf, south of Palm Jumeirah. It comprises two residential communities of Al Sufouh 1 and 2, as well as several free economic zones, among which Dubai Knowledge Village and Dubai Internet City are the region-renowned oases of knowledge, science and technologies.

The area stretches along the coast from the "foot" of Palm Jumeirah to Dubai Media City, having occupied a big piece of the best and cleanest Dubai central sandy beaches, which is still free to enter due to its low popularity among fancy public. From the other side, the area is bordered by Sheikh Zayed Road. It gives Al Sufouh great geographical advantage, for the main transport artery of Dubai makes it easy to get to any place of Dubai in no time.

Two free economic zones – Dubai Knowledge Village (DKW) and Dubai Internet City (DIC) – make Al Sufouh Dubai’s Silicon Valley, the main center for education, science and technologies. Over 450 companies, including more than 16 universities and 200 plus other educational institutions from Australia, Belgium, Great Britain, Canada, Russia etc., are registered in the free zone of Dubai Knowledge Village, including Dubai Academic City, a special project within DKW.

And Dubai Internet City has gained the fame of the main technological center at the whole Middle East. A number of taxation, custom related benefits, which are guaranteed by law for a period of 50 years, as well as a 100% foreign ownership, resulted in all world leading companies in the field of high technology and the Internet having chosen DIC as their second home in the Middle East. This is where Facebook, LinkedIn, Google, Intel, Huawei, Samsung, Microsoft, etc. regional offices are located.

At the moment, DIC alone has over 25 office high-rises with 1.5 million square feet of commercial space occupied by 1400 companies employing more than 10,000 people.

The government of Dubai has big plans for the further development of this strategically important area of ​​Dubai. Al Sufouh will see great renovations in the future. The plan for the development of Logo Island, which will become part of the area, is ready, and Al Sofouh Street, the main street of the area, was recently renamed for King Salman Street in honor of the King of Saudi Arabia.

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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