Mega projects to watch out for

30.12.2014
Dubai has a host of mega-projects to look forward to, including the Mall of the World, Damac's Akoya The Oxygen, Royal Atlantis Resort and Residence as well as Dubai Parks and Resorts' theme parks. Dubai developers left no stone unturned as they announced multi-billion dirham master developments and real estate projects that will change the landscape of the emirate in the coming few years, Emirates 24/7 reported. The biggest of the all was Dubai Holding’s announcement of AED25-billion Mall of the World, which is set to break ground early 2015. The mall will be completed in different phases that will take 10 years to complete. In August, Damac Properties launched Akoya Oxygen, a golf-centred project in Dubailand. In September, Dubai Parks and Resorts, a subsidiary of Meraas Holding, announced it had started work on its three theme parks - Motiongate, a Hollywood inspired theme park concept based on major DreamWorks Animation and Sony Pictures; Legoland Dubai, the first Legoland theme park in the Middle East; and Bollywood Parks, an entertainment destination that will showcase the authentic Bollywood movie experience. In September, Investment Corporation of Dubai, the investment arm of the Dubai government, and Kerzner International Holdings Limited, an international developer, unveiled AED5.14 billion Royal Atlantis Resort and Residences on Palm Jumeirah. In September, Meraas Holding launched La Mer, a mixed-use development in the vicinity of Pearl Jumeirah Island in Jumeirah. In November, Emaar Properties and Dubai Holding announced the launch of Dubai Creek Harbor at The Lagoons, a 6.5-million square metre urban district.

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