Marina tower gets instant response

06.11.2014
The Select Group confirmed it has had a successful uptake of units at the Marina Gate II development, part of an AED4 billion three-tower structure in Dubai Marina.
While high prices might be deterring some residents from moving into prime locations, the Marina area is still garnering interest from investors.
The Select Group confirmed it has had a successful uptake of units at the Marina Gate II development, part of an AED4 billion three-tower structure in Dubai Marina, Gulf News reported.
The first phase of the 64-storey Marina Gate II had 180 units, and more are to be released during roadshows in the GCC, Europe and the Far East.
“This is an interesting time for the Dubai real estate market wherein customers are more discerning about quality, location and developer reputation,” said Rahail Aslam, CEO. The first tower units were put on sale earlier this year.
“We did have an extensive waiting list of pre-registered buyers anticipating this launch,” said Aslam. “A very large percentage of our Tower I client base comes from across the GCC, North Africa, Europe and the Far East, which is where we intend to hold our international sales events for the remaining units from Marina Gate II.”

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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

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Additional services:

Property management

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Real estate search.

Selection of optimal options.

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Signing of the lease agreement

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-5% agency commission of the annual contract price

Additional services:

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Purchase process

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~ 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

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1 year

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1 day

Reporting

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From 3 days

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1 Week

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Expenses of the investor:

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