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Dubai real estate investors choose JBR and Dubai Marina

26.01.2016
Dubai real estate investors choose JBR and Dubai Marina
Dubai Properties predicts high demand for luxury real estate in Dubai areas of JBR and Dubai Marina.

Dubai luxury properties would be in high demand in 2016. This opinion is shared by one of the emirate’s leading developers Dubai Properties, which recently presented its signature development 1/JBR in the cluster of high-end towers in Jumeirah Beach Residence.

1/JBR will include 152 two to four luxury apartments and five bedroom penthouses on 46 floors. The development is scheduled for completion in the first quarter of 2019.

According to the Dubai Properties representative Marwan Al Kindi, all company’s projects are strategically planned to cater to the actual level of market demand, which, in turn, is forecasted on the basis of a systematic market analysis. Therefore, 1/JBR project should attract great investors’ attention. Jumeirah Beach Residence is one of the Dubai areas most popular among luxury property buyers, primarily due to its proximity to the sea, easy access to all Dubai’s major locations and also thanks to the advanced and convenient infrastructure.

“1/JBR is unique in terms of its niche… as it represents another landmark within a well-established destination that enjoys relatively stable market prices to position against,” said Al Kindi.

Prices for luxury real estate in JBR area also look really attractive, especially at the background of other Dubai central locations: psf price for luxury units here currently stands at about USD 620-650, whereas a similar accommodation in The Residences in Downtown is priced at up to USD 950 psf, while the average psf price for properties in the world's tallest building Burj Khalifa ranges at USD 950 - 1300.

“Luxury properties in these prime areas are considered as long term trophy assets and the current prices are highly attractive for such investors,” said Robin Teh, Country Manager – UAE at Chestertons Mena. “Furthermore, regional tensions have also attracted luxury property buyers from other parts of the Middle East. We foresee a favorable outlook for luxury properties in 2016.”

A wide choice of ready luxury residential units at a reasonable price in JBR you can always find among IMEX Real Estate offers. Our experts will help you choose the most profitable option for investing in Dubai’s real estate.

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2,350,000
Ref.No: AP670
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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