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Emaar to start off-plan property sales in Dubai Creek Harbour

07.09.2015
Emaar to start off-plan property sales in Dubai Creek Harbour
Dubai developer Emaar offers 480 apartments for sale in its Dubai Creek Harbour real estate project.

Despite the decrease in housing prices, major Dubai developers are not going to rest on their laurels and continue to launch their largest and most ambitious projects. Dubai master developer Emaar is up to start property sales in its Dubai Creek new Creekside 18 development on September 12.

“Creekside 18 development forms the centrepiece of the Dubai Creek Harbour master plan. Surrounded by the business and shopping districts that border Central Park, the residential towers are home to 480 dazzling one-, two- and three-bedroom glass-fronted apartments, all with private outdoor balconies.” Emaar said on its website.

Off-plan apartment sales in Creekside 18 will start simultaneously in Dubai and Doha. 480 apartments in two 37-story towers will be put on sale. The most expensive property in Creekside 18 is expected to cost USD 1 million for a unit.

Any residential community in Dubai is usually part of a bigger districts and urban development master plans. In this case, Creekside 18 is a residential community consisting of two towers, which is part of the Dubai Creek Harbour area, which, in turn, is part of The Lagoons, being part of a major city master development Mohammed bin Rashid City (MBR City). A number of iconic real estate projects is planned to be developed in this area, including The Dubai Twin Towers, world's highest twin towers.

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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