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Glitz sells out on opening day

11.01.2015
A sales meet organised for investors at the Grand Hyatt Dubai, saw an overwhelming number of registered prospective buyers lined up outside the venue.
Danube Properties announced on Saturday that it launch for their second realty venture, Glitz by Danube, saw all their apartments sold out within the first two hours of sale, Gulf News reported. A sales meet organised for investors today at the Grand Hyatt Dubai, saw an overwhelming number of registered prospective buyers lined up outside the venue. Danube Properties, the property development arm of Danube Group established in 2014, was started with the aim to build Luxury residential property for the middle income group. The division’s first project Dreamz, with 171 luxury townhouses, were sold out within the first day of the sales launch and received more than 2,000 enquiries prior to the launch. The Glitz by Danube project has been valued by the company at AED 300 million.
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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:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

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

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

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

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

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

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