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Lease rates dip again

11.05.2015
Lease rates dip again
Prices in the rental market declined by 0.29% in March, with rates rising 5.4% year-on-year (y-o-y), Reidin.com said in its monthly report.

Residential rents in Dubai slipped marginally in March 2015 with rentals facing further pressure as more units are released, according to new reports.

“Prices in the rental market declined by 0.29% in March, with rates rising 5.4 per cent year-on-year (y-o-y),” Reidin.com said in its monthly report.

Apartment rents fell 0.20% month-on-month (m-o-m), but increased 6.3% y-o-y.

Villa rentals declined by 0.25% m-o-m, but were up one per cent y-o-y.

In February, the company’s housing market sentiment index survey had pointed to a rental decline in the first quarter 2015 though the rent index January registering a minor increase of 0.67 per cent.

In its first quarter report by MPM Properties, the real estate advisory subsidiary of Abu Dhabi Islamic Bank, said housing rents in Dubai were likely to face pressure with a flood of new supply coming to the market.

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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