Deyaar to start selling affordable housing in Dubai

30.03.2016
A minimum down payment and slightly over US $ 1000 monthly payments to attract investors in Dubai's IMPZ City.

While last week was full of ultra-luxury real estate projects launches, this week Dubai developers gave a credit to affordable housing sector.

Dubai’s International Media Production Zone (IMPZ) has been breaking records in a number of real estate transactions since the beginning of the year, according to imexre.com. And now the development is in focus of home buyers’ attention again due to the Deyaar’s recent announcement of the second phase apartment sales launch in its Midtown residential project in Dania District of IMPZ.

579 apartments ranging from 39 to 189 square meters will be located in six G+7 to G+16 residential buildings on the territory of Dania District having a total area of ​​90.285 square meters.

Studios, as well as one, two and three bedroom apartments will be offered at a very enticing price and with a quite convenient payment plan. Given the growing demand for the off-plan real estate properties, Deyaar is going to offer its customers luring payment plans with a 5% minimum down payment and further monthly payments of about $ 1,361. Some payment plans also presuppose that 25% of the property cost is paid during the construction period, and 75% upon handover.

Midtown by Deyaar residential development is strategically located in the dynamic area of IMPZ, with direct access to the Sheikh Mohammed Bin Zayed road, and Jebel Ali Port and Al Maktoum International Airport in close proximity.

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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