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Living Legends project to be ready by Q2

19.02.2015
Living Legends project to be ready by Q2
The first 150 villas will be handed over in the second half of 2015, with the overall project also “on track” for completion in 2016, a statement said.

Living Legends, a much-delayed luxury residential project in Dubai, will begin delivering its first units this year, its developer, Tanmiyat Global, confirmed to Gulf Business News.

The first 150 villas will be handed over in the second half of 2015, with the overall project also “on track” for completion in 2016, a statement said.

The development, located in Dubailand, will comprise 500 villas and 12 apartment towers, along with a community club house, shopping mall, boutique hotel, schools, clinics, and a nine-hole golf course, all spread across over 14 million sq ft.

Following the 2008 financial crisis, the project suffered delays but “under the new management of Tanmiyat Global, Living Legends is committed to finishing the project on-schedule and with full transparency,” the statement said.

Tanmiyat CEO Mohammed Bin Odah said: “We want Living Legends to epitomise our mission and values and that means meeting investor expectations that we meet our schedule for delivery on time, every time with visible progress towards our future goals.”

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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:

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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:
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  • 4% - registration of the transaction at registration
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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
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1 day

Reporting
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5% of the annual rental price

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Contract of the tenant and agency.
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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:
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  • 0% when investing in a new building
  • 4% - registration
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