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Thinking out of the box

30.11.2014
In this transformative period, the emirate is all set to tackle new projects that are focused on new technology and innovation to bring about another revolutionary change in the market.
Dubai has come so far in its real estate sector by continuously pushing the borders and it's not about to stop now.
In fact, in this transformative period, the emirate is all set to tackle new projects that are focused on new technology and innovation to bring about another revolutionary change in the market.
One area the market is clearly taking a stand on is sustainability, something that fits into Dubai's Vision for 2030 perfectly. The Dubai Land Department has just recently launched the regional centre for resource efficient and sustainable cities for the Arab region in collaboration with the United Nations Environment Program. Dr Rashid Ahmed bin Fahad, UAE Minister of Environment and Water, said that the establishment of the centre will enhance the leadership role of the UAE in the field of sustainable cities, praising the efforts made by DLD in partnership with UNEP for the establishment of this centre.
“The UAE, which has succeeded in adopting and implementing many options and solutions designed to achieve sustainable development, such as sustainable building standards and sustainable transport, clean energy and promote energy efficiency, started the work for the UAE 2021 vision, to move to the concept of smart cities based on innovation and employing the latest technologies values in resource management, conservation and sustainable production and consumption patterns to maintain our way of life and strength it,” he said.
Besides building some of the world's tallest skyscrapers, Dubai has also been exploring novel projects to add to the emirate's portfolio. One such project has been through a London-based architect firm to build a house that adapts to the seasons. At a cost of AED11 million, David Grunberg and Daniel Woolfson have proposed a concept house that literally unfolds itself like a Rubik's Cube and is adaptable from winter to summer and day to night.
It's clear that whatever steps the emirate is taking towards innovation is working. The Dubai index recovered from their lowest level in three weeks on Thursday, led by major property developers such as Arabtec and Emaar Properties. The only exciting thing left is to see what other out-of-the-box projects the emirate comes up with next.
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125,000 / year
Ref.No: OF1209
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76 AED/ft2
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1,300 ft2
45 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
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Ad placement

1 day

Ad placement:
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  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

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Additional services:

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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.
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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:
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  • 0% when investing in a new building
  • 4% - registration
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Property management