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Dubai a home for the biggest number of skyscrapers in the world

17.01.2016
Dubai a home for the biggest number of skyscrapers in the world
According to CTBUH, the emirate keeps holding its first place in number of megatall buildings.

Council on Tall Buildings and Urban Habitat (CTBUH) named Dubai a world’s leader in number of supertall buildings. According to the international classification, megatall buildings are 300-plus-meter-high skyscrapers, of which Dubai has 18 out of 100 constructed buildings all around the world.

Second place in the ranking was awarded recently to New York. Here, in December 2015 the seventh megatall skyscraper 432 Park Avenue was completed, officially bringing the total number of such buildings in the world to a slump number of 100. But most of them are still in Dubai, and the emirate is not going to give this record up.

In the coming years Dubai real estate market will offer real estate investors some new residential properties in four new super-tall buildings. International construction company RP Global is planning to build a skyscraper RP One in Dubai's Business Bay; Meydan Group has already commenced the construction of more than 100-meter Entisar Tower on Sheikh Zayed Road and also has proposed to build a 711-meter Dubai One in Meydan One area.

Another anticipated addition to the Dubai’s skyscrapers family is Burj 2020. Project’s developer Dubai Multi Commodities Centre has recently disclosed some details of the building’s design, which is to be built in the area of Jumeirah Lakes Towers, with ground breaking expected this year.

Living in skyscrapers is particularly popular among those wanting to buy an exclusive property in Dubai, so the world's tallest building Burj Khalifa, as well as other skyscrapers in Dubai Marina, Downtown Dubai and Business Bay continually leads the ranking of the most expensive apartment and penthouses transactions in Dubai.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
SALE
8,200,000
Ref.No: AP972
3BR Apt
3,750 ft2
2,187 AED/ft2
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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:

None

Additional services:

Property management

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
Additional services:

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
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

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