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AED218b worth of deals recorded in 2014

14.01.2015
AED218b worth of deals recorded in 2014
The value of Dubai property deals in 2014 fell 7.6% compared with the previous year, reflecting a slowdown in the emirate’s housing market, official figures show. The value of Dubai property deals in 2014 fell 7.6% compared with the previous year, reflecting a slowdown in the emirate’s housing market, official figures show. Overall property or land sold or mortgaged in 2014 stood at AED218 billion, down from AED236bn the previous year, according to Dubai Land Department (DLD) data released yesterday. DLD, the official government body responsible for registering property sales in the emirate, said that the number of property transactions taking place in Dubai fell by nearly 10,000 or 15% from 63,652 in 2013 to 53,871 in 2014. “The real estate market has shown a clear ability to gain momentum from year to year, in addition to maintaining sustainable growth, as well as the trend towards maturity,” said Sultan Butti bin Merjen, the director general of DLD. DLD said that Business Bay was the most popular area for apartment sales during the year, with 4,315 units changing hands, worth a total of AED7.2bn. Dubai Marina was the second most popular area for sales, registering 4,121 transactions during the year, worth a total of AED9.17bn.
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RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 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