Proposal to ensure affordable housing under review

12.01.2015
If implemented, the law would ensure that there are enough affordable housing options for residents with lower income but would also help reduce traffic in the city, resulting from long commutes. Dubai has turned its attention to ensure there is enough affordable housing for its residents and according to a senior official, a proposal to look into this is currently under review. If made law, the proposal will not only provide more economic stability, but also reduce traffic jams, said Abdullah Rafia, acting director-general for engineering and planning, Dubai Municipality. The proposal to develop a law that will balance out luxury and affordable housing — while reducing traffic congestion — is part of the overall strategy of “building a sustainable city”, Rafia told Gulf News. “Laws take some time to mature. There is a lot of discussion about the law itself. It’s more about building a sustainable city, signalling affordable housing, but not necessarily to limit luxury housing." Placing enough mixed-income units on the market is “one of the suggestions for the major developers, to provide for at least some of the people who’ll be operating the business or the [property] development itself.” Rafia stressed the mechanism to implement the law would be “more complicated and comprehensive” than simply restricting the amount of luxury projects or forcing a minimum number of mid-market projects onto the market.

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