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Kuwaitis biggest investors in Dubai realty

09.11.2014
Kuwaitis biggest investors in Dubai realty
According to figures released by the International Property Show (IPS) 2015, which will be held from March 30 to April 1, 2015, GCC ownership in the UAE amounted to 11,761 properties in 2012. With Kuwait only a mere 90 minutes away by flight, there's little surprise that Kuwaitis are one of the biggest investors in Dubai's real estate sector when compared to other GCC countries, Emirates 24/7 reported.
According to figures released by the International Property Show (IPS) 2015, which will be held from March 30 to April 1, 2015, GCC ownership in the UAE amounted to 11,761 properties in 2012, an increase of eight per cent over 2011.
In fact, the largest share of the total property ownerships was taken up by Kuwaiti citizens, with 6,947 properties by the end of 2012, representing a whopping 59 of the total GCC property ownerships.
Dawood Al Shezawi, CEO, Strategic Marketing and Exhibitions, organisers of IPS 2015, said: “UAE continues to maintain its lead position as a hot property destination among GCC countries since 2008. In 2011, investors from Kuwait account for nearly 60% of all properties purchased by GCC nationals in the emirate of Dubai, according to figures from the UAE Ministry of Finance. The picture is still the same and the Kuwaiti investors and purchasers remain the biggest chunk of buyers in the UAE property market.”

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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