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Emaar IPO injects confidence back into region

01.09.2014
Emaar IPO injects confidence back into region
With Emaar announcing its initial public offering of its malls unit in October, it has become apparent that investors are once again looking to Dubai as the place to be when it comes to real estate. Emaar Properties has set the initial public offering of its malls business in Dubai for October in what could be the largest share sale in the UAE since the financial crisis, said the Financial Times.
The sale reflects a resurgence of investor interest in Dubai. A successful IPO could encourage other firms to follow and would be a further boon for the UAE, which in June was upgraded by the MSCI index from the investor category of frontier market to emerging market.
Emaar Properties, whose developments include The Dubai Mall and Burj Khalifa, the world’s tallest building, said on Sunday that it expected to list at least 15% of its malls business in the offering, which was first announced in May.
The Dubai Financial Market General Index closed at 5,062.97 points on Sunday, up 135 points, or 2.73% over last week’s close at 4,928.22 points. This marks the first time the Dubai benchmark index has breached the 5,000-mark after hitting a six-year-high in April this year, just before the MSCI’s classification upgrade of the UAE markets to emerging markets took effect.

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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
6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 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