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5 projects worth AED3b launched in one day

11.12.2014
5 projects worth AED3b launched in one day
Four of the projects were launched in Dubai, while one was unveiled in Fujairah.
Five new projects worth AED3 billion were launched in the UAE on Tuesday, indicting the growing confidence of the industry and investors in the country’s real estate market, Emirates 24/7 reported.
Four of the projects were launched in Dubai, while one was unveiled in Fujairah.
Omniyat Group, a Dubai developer, broke ground on AED600 million 'Anwa' – its first project - in Dubai Maritime City.
Meanwhile, Al Habtoor Group, one of Dubai’s largest conglomerates, announced three new projects worth over AED2 billion. “Work is already underway for the three developments – AED993 million Habtoor Polo Resort & Club and a combined AED1.02 billion for Metropolitan Sheikh Zayed Road and Oasis Villas,” Khalaf Ahmad Al Habtoor, Founder and Chairman of the Group, said.
Al Taif Investment, a joint venture between Dubai Investments and Fujairah Investment Establishment, the investment arm of Fujairah Government, launched the AED400 million Fujairah Business Centre project.

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125,000 / year
Ref.No: OF1209
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1,655 ft2
76 AED/ft2
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58,500 / year
Ref.No: OF662
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1,300 ft2
45 AED/ft2
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6,800,000
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2,264 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

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None

Investment Process
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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