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Construction starts on Green Community phase 3

26.01.2015
Construction starts on Green Community phase 3
This will see the addition of 227 units, of which 210 are townhouses, and a dedicated retail space. It will take up 1.48 million square feet.

Construction works have formally commenced on Phase 3 of the Green Community master-development from Union Properties, Gulf News reported.

This will see the addition of 227 units, of which 210 are townhouses, and a dedicated retail space. It will take up 1.48 million square feet.

“We will issue the tender for the main construction in early February, as we aim to complete the third phase of the project by February 2017,” said Khalid Bin Kalban, Chairman of Union Properties.

The project, expected to cost AED680 million, will benefit from proximity to the World Expo 2020 site and the fact that it forms part of an already well-established upscale residential cluster. The enabling works are scheduled to be completed by the end of the first quarter of 2015.

“We have seen more offtake in the Green Community, and people are certainly interested in living in a community environment. So we decided to expand the company’s flagship project the Green Community to accommodate a large number of buyers.”


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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:

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Additional services:

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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
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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
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1 day

Reporting
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5% of the annual rental price

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Contract of the tenant and agency.
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From 3 days

Selection of optimal investment options
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1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
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  • 0% when investing in a new building
  • 4% - registration
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