AED135m apartment complex at Al Furjan

21.08.2014
The Azizi Iris Residence complex, a 99-unit project, is expected to be ready in December next year with prices starting at AED925 per square foot. Azizi Developments has announced the launch of an apartment project valued at AED135 million, according to The National.
The Azizi Iris Residence project comprises of 99 units and will be located in Al Furjan near Discovery Gardens, the company said. It said that construction had begun and completion was expected in December next year.
“Azizi.Iris Residence is a great opportunity for institutional investors as well as individuals with the aim of a long-term investment opportunity while having a real estate asset in Dubai’s top residential destination of Al Furjan,” said Mohsen Kamel, the Azizi chief executive.
Prices start at AED925 per square foot for an unfurnished unit, and AED950 per sq ft for a fully furnished unit. Sizes range from 874 sq ft to 2,089 sq ft.
In its latest report on the UAE property market, the consultancy EC Harris said: “Over the past quarter, barely a week goes by without a new major property development being unveiled. The Dubai government has also stated that all new and existing construction projects are going to be fast-tracked to be ready for the Expo 2020.”
Last month Azizi launched a 99-unit apartment project called Azizi.Orchid Residence Al Furjan, with an estimated value of AED140m. The project comprises one- to three-bedroom furnished apartments. Prices start at AED950 per sq ft and completion is expected by December next year.

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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

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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:

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Purchase process

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~ 2 weeks secondary

~ 3 weeks new building

Property Selection

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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:

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Investment Process

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From 3 days

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1 Week

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Expenses of the investor:

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Additional services:

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