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Emaar announces big changes

01.01.2015
Emaar announces big changes
A number of new senior appointments have been made across the company, with a priority to manage and deliver projects, said the Dubai-based developer.
Dubai-based developer Emaar Properties on Wednesday announced a major organisational shake-up aimed at powering growth with a focus on project management, delivery and customer service, Arabian Business reported. A number of new senior appointments have been made across the company, with a priority to manage and deliver projects, Emaar said in a statement. Mohamed Alabbar, chairman, said the new structure draws on the Dubai Plan 2021 announced by Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. Alabbar said that Emaar will continue to develop prime real estate assets in its home-market of Dubai and other high-growth international markets, as well as strengthen its competencies in shopping malls and retail, and hospitality and leisure. “As Dubai builds its future as a smart, sustainable city and a preferred place to live, work and visit, Emaar is creating a fresh template for its sustained growth and value creation." "In today’s maturing property market, our priority is to manage and deliver our projects efficiently through our team of experienced professionals," he added.
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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
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Ad placement

1 day

Ad placement:
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1 hour

Contract of the lessee and agency.
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Real estate search.

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Signing of the lease agreement

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Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

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1 hour

Contract of the tenant and agency.
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~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

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Registration of the contract of purchase / sale
Customer charges:
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  • 4% - registration of the transaction at registration
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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

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Contract of the owner and agency
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1 year

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Reporting
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5% of the annual rental price

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Expenses of the investor:
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  • 0% when investing in a new building
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