Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

Dubai: what’s so different about it?

15.11.2015
Dubai: what’s so different about it?
Last week JLL consultancy put Dubai in top three most globalized world cities.

‘New World of Cities: Global City Index' report by JLL is of special interest between major global investors in commercial real estate. Today the level of the city’s globalization is the benchmark defining its future development. And for Dubai this benchmark is set up really high.

The JLL report said that Dubai has occupied such a unique niche in the global real estate investment market that it managed to combine both features of the established and developing urban formation. Investments in the city infrastructure, according to JLL, should be not less than 4-6% of the city’s GDP, and the UAE government is currently investing about USD 60 billion only in the construction of roads and bridges, including both existing and planned projects, and most of them are carried out in Dubai, such as the ambitious Dubai Channel project. At least USD 8 billion are about to be attracted and spend for Expo 2020 infrastructure development in Dubai, including 15 kilometers of light railways and the modernization of the road network.

According to experts, in the near future Dubai will be able to successfully compete with the so-called "super-cities of the big six" in the amount of annual investments in real estate and business. Now these six cities include London, New York, Paris, Tokyo and others, collectively attracting 22% of the overall global real estate investment flow.

Foreign investors have already started paying special attention to Dubai’s property market. A new India’s developer Gemini Property Developers came to Dubai real estate market last week, having chosen Dubai’s mega-development MBR City for its new 134 luxury units project.

Another Dubai’s mega-development, Dubai World Trade Centre, was also given a new impetus last week: 84 million square meters of commercial property for lease and 6,400 square meters of retail property will be constructed here during the project’s second phase.

These mega developments, along with Dubai South, will provide the city a special status that is so attractive to international investors, tourists and property buyers.

Latest Availability
Latest Blog Articles
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
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