wasl properties to bring new life to Dubai’s Karama

07.01.2016
Dubai property developer announced the launch of a new real estate project Duet in order to regenerate the area of Al Karama in Dubai.

Dubai’s developer wasl properties took the initiative to revitalize the established area of Karama in Dubai. As part of the modernization program it is planned to handover several mixed-use real estate developments and a number of commercial property units.

Few days ago the first program’s project called wasl Duet was launched. It will be a complex of two mixed-use buildings with shopping zones with a total area of almost 5000 square feet. The first one will house 12 one-bedroom apartments and 18 two bedroom apartments. The second building is designed to accommodate residents in 21 one bedroom apartments and 30 two-bedroom apartments also providing an access to a swimming pool, a children's play area and a gym.

In total, since 2008, wasl properties has built 607 residential units in nine mix-use developments in Dubai's Karama, and until 2018 eight more real estate projects are scheduled for completion.

To date, according to the developer, Karama district is in great demand among Dubai real estate buyers, mainly due to its proximity to the central areas of the city, easy access via the RTA metro and high population density. Now, after the modernization and upgrade to the high standards of a dynamic, modern urban area, Karama will enjoy even greater popularity, the developer believes.

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