Multiple real estate listing service to be created in the UAE

03.08.2015
JDR Group plans to create the first common real estate database in the UAE on the basis of its own software.

JDR Group, which is engaged in the developing innovative technologies in the field of information about the processes in the real estate industry, took the initiative to create the first private comprehensive database of all real estate in the UAE available to all licensed brokers and brokerage agencies.

Unlike other countries such as the US, the UAE still has no Multiple real estate listing service (MSL) that would include accurate and consistent data on all units and transactions in the industry. JDR Group co-founder Alex Nicholas, notes, that UAE is in dire need of such a resource that would help to make the real estate market more transparent and secure, as required by the new development strategy, adopted by the UAE government.

JDR Group has more than ten years of experience in developing real estate online services in the UAE, having created such online databases as JustProperty and JustRentals, containing information about the property in Dubai, Abu Dhabi and other emirates. In addition, the company has developed PropSpace, a one of its kind software for brokers. Now, based on these products, the group plans to create something more advanced.

JDR Group now empowers more than 250,000 housing listings across the UAE, including information about apartments, villas, townhouses, hotel, retail and office real estate, i.e. about almost all major property projects in the UAE. And PropSpace has now more than 500 subscribers, including all the major brokerage agencies.

Nicholas emphasized the impact that PropSpace MLS portends for the region's real estate sector: "The launch of PropSpace MLS is a notable step in the evolution of this region's property market and substantially augments efforts by a range of regulatory bodies and stakeholders to ensure quality, growth and transparency."

The new system will also benefit ordinary property buyers and tenants, who will now be able to get accurate information about all objects of their interest from a single source, which eliminates the need to compare often conflicting data from different sites and ads.

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