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Al Sufouh

Development guide

Al Sufouh is a Dubai area located in the most dynamic part of Dubai, along the coast of the Arabian Gulf, south of Palm Jumeirah. It comprises two residential communities of Al Sufouh 1 and 2, as well as several free economic zones, among which Dubai Knowledge Village and Dubai Internet City are the region-renowned oases of knowledge, science and technologies.

The area stretches along the coast from the "foot" of Palm Jumeirah to Dubai Media City, having occupied a big piece of the best and cleanest Dubai central sandy beaches, which is still free to enter due to its low popularity among fancy public. From the other side, the area is bordered by Sheikh Zayed Road. It gives Al Sufouh great geographical advantage, for the main transport artery of Dubai makes it easy to get to any place of Dubai in no time.

Two free economic zones – Dubai Knowledge Village (DKW) and Dubai Internet City (DIC) – make Al Sufouh Dubai’s Silicon Valley, the main center for education, science and technologies. Over 450 companies, including more than 16 universities and 200 plus other educational institutions from Australia, Belgium, Great Britain, Canada, Russia etc., are registered in the free zone of Dubai Knowledge Village, including Dubai Academic City, a special project within DKW.

And Dubai Internet City has gained the fame of the main technological center at the whole Middle East. A number of taxation, custom related benefits, which are guaranteed by law for a period of 50 years, as well as a 100% foreign ownership, resulted in all world leading companies in the field of high technology and the Internet having chosen DIC as their second home in the Middle East. This is where Facebook, LinkedIn, Google, Intel, Huawei, Samsung, Microsoft, etc. regional offices are located.

At the moment, DIC alone has over 25 office high-rises with 1.5 million square feet of commercial space occupied by 1400 companies employing more than 10,000 people.

The government of Dubai has big plans for the further development of this strategically important area of ​​Dubai. Al Sufouh will see great renovations in the future. The plan for the development of Logo Island, which will become part of the area, is ready, and Al Sofouh Street, the main street of the area, was recently renamed for King Salman Street in honor of the King of Saudi Arabia.

SALE
1,840,000
Ref.No: Imex-8356913
1BR Apt
780 ft2
2,358 AED/ft2
Floor: 5
RENT
100,000 / year
Ref.No: imex-294731
1BR Apt
882 ft2
113 AED/ft2
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

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
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

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
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

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