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Dubai Trade Centre district to debut office in '15

04.12.2014
Dubai Trade Centre district to debut office in '15
Dubai Trade Centre District, a mixed-use project at the heart of Dubai’s central business district, will see its first office block completed by the fourth quarter of next year. The first office block in phase one of the Dubai Trade Centre District will be delivered in the fourth quarter of next year, according to ConstructionWeekOnline.com.
Dubai Trade Centre District is a mixed-use project at the heart of Dubai’s central business district located between the Dubai International Convention and Exhibition Centre and Emirates Towers.
The development has been designed by Hopkins Architects and is being built by Al Futtaim Carillion, with three Grade-A office blocks and an Ibis Hotel being delivered in the first phase. Mace and WSP round off the professional team.
C1, the first building in line to be completed on the site, will have a total office area of 150,000ft² over eight floors.
JLL’s head of leasing in Dubai, Toby Hall, said pre-leasing has begun ahead of C1’s completion in Q4 2015, which is also the date set for the completion of the Ibis Hotel.
He said the second building, C4, will be completed in Q1 2017 and the third building, C2, in Q1 2018, bringing the total office area to about 1mn ft².

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
SALE
625,000
Ref.No: OF93
Office
630 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