Dubai leads ME rebound

11.11.2014
Dubai’s index jumped 2.8% its biggest daily gain in three weeks, as Arabtec, which dominated trading volumes, surged 8.8%.
Most stock markets in the Middle East gained on Monday, led by Dubai, where construction firm Arabtec Holding rose sharply after a key shareholder bought a stake in a major Egyptian property developer.
Khaleej Times reported that Dubai’s index jumped 2.8%, its biggest daily gain in three weeks, as Arabtec, which dominated trading volumes, surged 8.8%.
“It shows there is a strong commitment [by the UAE] to support the Egyptian economy, especially in the real estate sector,” said Sebastien Henin, head of asset management at The National Investor in Abu Dhabi. “We could imagine it might sooner or later benefit Arabtec, for example with a new project.”
Qatar’s index gained 0.7%, while Saudi Arabia’s index rose 1.1%, largely on the back of the banking sector.
Egypt’s benchmark added 0.9%, Kuwait’s index edged down 0.7%, while Oman’s bourse added 0.3%.

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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:

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  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

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Property management

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Contract of the lessee and agency.

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Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

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Additional services:

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Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

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1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
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Additional services:

Property management

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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:

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Additional services:

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the management process

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1 year

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Reporting

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From 3 days

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Expenses of the investor:

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