Freehold communities in established neighborhoods to be built by Dubai developers

14.09.2014
In light of the flourishing real estate market in Dubai, developers are now looking beyond established free hold communities to launch their residential projects.   As the Dubai real estate market flourishes and the demand for investment increases, developers are now looking out for other locations other than the established freehold areas for their new projects. Tecom Investment recently under took a villa project on Umm Suqeim Road and Jersey Properties launched an apartment cluster in Mirdif, reported by Gulf News.
Developers are now concentrating on the freehold status of projects to attract more buyers. Jersey Properties claims that for the very first time, a freehold status will be granted to Mirdif Tulip apartments. The one bedroom apartments will be priced around AED 1.1 million. The three bedroom apartments will be priced  between AED 1.8 million to AED 2.2 million.
With numerous projects taking off in Dubai, developers are looking for any locational or marketing unique selling point (USP). And one such USP is building residential complexes in areas that have been restricted to non-freehold status. Furthermore, there is an issue of space in the existing freehold communities and developers are now offering a high-end living experience to its buyers.
Currently, Mirdif is an up scale area, where the residential communities have grown considerably. Also, the presence of the popular Mirdif city center has led many mall developers to consider projects here.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
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:

  • 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:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

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

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

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

1 hour

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:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

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