Burj stay for AED995 a day

29.12.2014
The apartments will have either full view of the fountain, or the sea and have a reception area, a semi-closed kitchen plan, where bedrooms have an on-suite bath. Dubai's tallest tower is a dream destination for most, and now, an apartment owner is offering up his unit for rent for merely AED995 a day, Emirates 24/7 reported.
According to the listing (dated: December 24), the landlord claims renting the apartments, 1,250 square feet in size, could effectively result in savings of up to 80% for the renter.
The apartments will have either full view of the fountain, or the sea and have a reception area, a semi-closed kitchen plan, where bedrooms have an on-suite bath. The renter will have access to fitness facilities, room service (limited hours), cable television service, complimentary toiletries and housekeeping services, says the listing.
A number of landlords have been renting out their units on short-term basis since it fetches them nearly thrice the rent compared to signing a 12-month rental contract.

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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