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Dubai Holding sees surge in profits

25.03.2015
Dubai Holding sees surge in profits
Up 42% from the previous year, the Dubai Holding Commercial Operations Group (DHCOG) reported a net profit of AED4.7 billion.

Dubai Holding Commercial Operations Group (DHCOG) reported a net profit of AED4.7 billion ($1.27 billion) for 2014, up 42% on the previous year.

DHCOG runs multiple businesses, including hotel group Jumeirah, business park TECOM Investments and Dubai Properties Group. It reported a 14% rise in total revenue to AED13.2 billion with recurring revenues up 8% to AED7.6 billion.

Mohammad Abdulla Al Gergawi, chairman of Dubai Holding, said: "DHCOG is delivering consistently growing recurring revenue streams, which enables us to take advantage of emerging opportunities in further support of Dubai’s diversification strategy."

"Central to Dubai’s diversification is the plan to turn it into a global powerhouse for innovation and the group is investing heavily in support of this aim. We have a number of programmes already running and our AED4.5 billion bundle of initiatives will help drive forward Dubai’s agenda to become the innovation capital for more than 2 billion people who live in the region around us. We are fully committed to Dubai’s long-term economic growth."

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2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 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