New luxury property portal launched

09.10.2014
The portal will have only 100 real estate agents promoting their properties and will include features such as virtual 3D tours.
A new real estate portal has been launched in the UAE which will focus on highlighting luxury properties in the country, Gulf Business reported.
Luxury SQft (www.luxsqft.com) will feature a limited number of units from the UAE’s more affluent areas, in a bid to “maximise efficiency for agents and consumers, by excluding unsuitable options and reducing conflict listings,” it said in a statement.
The portal will also have 100 real estate agents promoting their properties and will include features such as virtual 3D tours and an option for customers to send a free SMS to their brokers featuring a specific property link.
Simon Rowland, sales director at Luxury SQft said: “Finding the right property in competitive international markets, such as the UAE, can be a difficult task and while these hotspots have the largest concentration of high-end customers, they are still being serviced with a mass market approach.”
Following its launch in the UAE, Luxury SQft also has plans to expand into the UK and US in the first quarter of 2015, followed by other markets such as Hong Kong at a later date, the statement said.

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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

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