Limitless links up with Dar Al Handash to start Jebel Ali township project again

09.09.2014
Dubai developer Limitless is linking up with third party developers to restart work on the Jebel Ali township project that has been stalled since 2006.

Limitless, the Dubai developer has been working towards drawing third-party developers to restart work on the AED 70 billion 200 hectare township project in Downtown Jebel Ali, which was initially launched in 2006, according to The National.

The developer stated that Dar Al Handash, a design and supervision consultant has been assigned the responsibility to assess and overlook the current infrastructure on the project’s zones 2, 3, and 4 and insure that the process is in place for sub-developers to further expand and develop.

Limitless further announced that it has conferred Dar Al Handash a contract of AED 19.5 million to evaluate the roads network, electricity, and water and sewerage connections on the site. The developer also stated that it would be issuing contracts to build the additional infrastructure required on the site by the end of the year, by putting out tender.

The Jebel Ali township project will have 326 buildings which will house approximately 70,000 residents and 235,000 workers. The project was separated into four different zones, and each zone was designed to have its own commercial and residential areas, including shops, hotels, offices and apartments, and all the zones were to be linked via a light railway.

Despite the fact the Limitless was able to finish groundwork in zone one and complete four of the eight buildings at the Galleries commercial scheme, nearly about 300 plots and sell them off to third party developers, the work was stalled.

The statement made by Limitless comes at a time of number of recent developments made at the stalled project and has been supported by the government, who has been backing megaprojects near the 2020 Expo site and Al Maktoum Airport.

Faisal Durrani, Cluttons international research and business development manager stated that the 2020 Expo has been leading to a number of construction projects across Dubai and will help lead the next cycle of growth in the city. He also said that the real estate and residential sector will benefit as the number of households and residents in the city increase, though the commercial sector is to benefit the most.

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