1,000 luxury villas in Nad Al Sheba

20.07.2014
Nakheel's new master community will include 100 luxury serviced residences and extensive onsite retail and recreation facilities - all at an estimated cost of AED2.5 billion Leading property developer Nakheel is bringing a new, gated master planned community of 1,000 villas to Dubai, as part of its business expansion strategy, Gulf News reported on Saturday.
Located in Dubai’s Nad Al Sheba district, a 10 minutes’ drive from Burj Khalifa, the development comprises 900 three- to five-bedroom villas for lease and a separate resort-style complex of 100 high-end, serviced homes — all with private swimming pools.
The project has an estimated construction value of AED2.5 billion and is due for completion in 2016 with the construction tender expected to be released within three months.
Earlier in July, Nakheel, which had suffered at the hands of the emirate's financial crisis five years ago but is now recovering strongly, reported a 54% jump in profit for the first half of this year.
The government-owned company made a net profit of AED1.85 billion ($504 million) in the six months to June 30, up from AED1.20 billion in the corresponding period of 2013.

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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