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Transformation underway

16.11.2014
It is clear that the city has not only changed itself, but has taken the lead in the region with GCC residential property markets showing improved performance over the past few years. The Dubai Expo 2020 was the right fit for UAE’s ambitious plans that embrace growth in trade, tourism and real estate, reflecting a clear business strategy that aims to take the country forward.
Panelists at a session on “Expo 2020 — Economic Impact Pre and Post 2020” discussed how the announcements of new theme parks, hospitality projects and infrastructure upgrade were indicative of a planned approach by the authorities - the benefits of which would continue long after the Expo ended.
Dubai is not only eyeing long-term developments in the city, but also looking at transforming the market, making it one that is more conducive to investment. In fact, a new law - the Real Estate Investor Protection Law - is currently before courts and is waiting to be approved, according to an official from the Dubai Land Department (DLD). Under the law, investors would receive greater protection in cases where they find their money has been placed with an unscrupulous investor or one that has failed to deliver on its promises, attracting more international business to the Emirates.
The emirate is also focusing on achieving greater stability, learning from previous mistakes made. Supply additions are expected to outpace demand over the next few years and may lead to increased price stability, Standard & Poor's Ratings Services said in a recent report. The agency noted that while market sentiment may drive prices in the near term, the amount of new supply will be the key to the market developments going forward.
This is clearly a turning point for Dubai's real estate market with new laws in development and the city being transformed to better cater to end-users. It is clear that the city has not only changed itself, but has taken the lead in the region with GCC residential property markets showing improved performance over the past few years. Attracting international business to the region, Dubai is set to create real change for not just the UAE, but the entire GCC.
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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