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Barsha Heights (Tecom)

Development guide

Barsha Heights is an area of New Dubai that has been recently completely rebranded, and changed its name from the former Tecom in mid-2016. Rebranding was necessary to make it easier for newcomers and Dubai residents to find it, and both to harmonize its name with the historical background. And so, Barsha Heights became a neighbor and a part of a larger Al Barsha area​​, although a reference to the free zone master developer Tecom Group will keep accompanying its name for a long time as an alternative.

Barsha Heights is referred to as the most dynamic location of the New Dubai. It's a new vibrant city center for creative business start-ups and technologies. Or, as an official area’s description says, it’s a place where it’s easy to be You. And we’d add, it’s a case if you’re a real estate investor, a startuper, a businessman or a young professional. Barsha Heights is where offices of major world corporations and innovative high-tech companies in the fields of information, media and IT are head-quartered, namely, Microsoft, IBM, Dell, Siemens, Bloomberg, BBC World, CNN and Reuters. More than 20,000 people populate the area today making it, actually, a small city within a city.

Infrastructure

Barsha Heights has all necessary conditions for business development, be it small or large-scaled. It offers Grade A quality offices and co-working places in walking distance from residential communities, as well as landscaped area, where you can spend time and relax in numerous cafes and conceptual restaurants. All you need for a comfortable working and living, including shops, supermarkets, pharmacies and other facilities, is already there at your doorstep, which not all new Dubai areas can boast having.

Location

One look at the Barsha Heights location on Dubai’s map gives understanding of the area's great conectivity with the city center and neighboring communities. A wide road network with Sheikh Zayed Road at the first place allows getting to the Mall of the Emirates or the man-made island of Palm Jumeirah, as well as to next-located Dubai Media City free zone, Dubai Internet City and Dubai Knowledge Park in just few minutes. There is also an Internet City Dubai metro station at the heart of the area, which is both well supported by RTA’s bus network and Taxis are always plentiful.

Real Estate

Barsha Heights can be often seen among top Dubai areas rated according the number of handovers registered in separate period of time. The area is being actively developed. In addition to offices, there are several large residential communities with residential and serviced hotel apartments, as well as several big hotels. Interested investors can buy a separate apartment or a whole operating four-star hotel with a guaranteed annual ROI of 8 per cent. But commercial real estate surely predominates: 64 per cent of all offices delivered in the 2016 Q3 were located in just two local centers The Butterfly and Al Sajwani. Barsha Heights is often regarded as the optimal choice for office rents because of the perfect rental price/quality ratio, as well as the best Dubai location for real estate investments placement.

SALE
920,000
Ref.No: imex-3491914
1BR Apt
733 ft2
1,255 AED/ft2
Floor: 13
SOLD
1,450,000
Ref.No: imex-469344
Office
1,636 ft2
886 AED/ft2
RENT
85,000 / year
RENT
95,000 / year
Ref.No: imex-154871
Hotel Apartment
602 ft2
158 AED/ft2
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Call management
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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