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Dubai Investments sees AED2.7b of property projects

29.12.2014
Local developers are reviving projects amid a surge in prices and new measures such as limiting mortgages and a doubling of transaction fees which have helped stabilize the market.
Dubai Investments PJSC plans AED10 billion ($2.7 billion) of real-estate projects in the next five years as it seeks to benefit from resurgent property demand, Gulf Business reported.
Developments include Mirdiff Hills, an AED2.5 billion project in Dubai that will include 1,500 homes, a 230-room hotel, shops and 200,000 square-feet of office space, Chief Executive Officer Khalid Bin Kalban said in an interview. The company’s Dubai Investment Real Estate Co. unit will start tendering for the development in the next two months, he said.
Local developers are reviving projects amid a surge in prices and new measures such as limiting mortgages and a doubling of transaction fees which have helped stabilize the market.
“We don’t think there will be need to borrow” for Mirdif Hills, Bin Kalban said.“We’ll be able to sell the project easily because of its size, location and components.”

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Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

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Additional services:

Property management

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Contract of the lessee and agency.

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Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

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Purchase process

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~ 2 weeks secondary

~ 3 weeks new building

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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:

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Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

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1 year

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Reporting

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From 3 days

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Expenses of the investor:

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