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Motor City emerges as top pick

03.05.2015
Motor City emerges as top pick
The report also showed the most demanded areas based on moving activity are Dubai Marina, Dubailand, Jumeirah Village Circle, Business Bay and Downtown Dubai.

Motor City and The Greens were rated top picks as communities in an online survey conducted by the portals, MoveSouq.com and FlateReviews.com.

Motor City earned the top spot because it ranked in the top 5 for (ease of) traffic, pet-friendliness, walking possibilities, nearby schools and shops/restaurants, and value for money. Based on the same measures, International City fared lowest in the polling, Gulf News reported.

The findings were based on more than 2,000 resident picks on FlatReviews.com, and 1,000 plus moving requests made on MoveSouq.com in the first quarter.

The report also showed the most demanded areas based on moving activity are Dubai Marina, Dubailand, Jumeirah Village Circle, Business Bay and Downtown Dubai, which made up 31% of all ‘moving in’ activity during the first three months.

Dubai Marina made it to the top of the list again as having the most number of new tenants taking up residence. According to the survey promoters, lifestyle reasons inform the decision as to why the location still attracts a lot of takers.

“However, the far-flung communities of Dubailand and Jumeirah Village are increasingly seeing more people move in this year likely due to lower rent prices,” a statement issued by them states.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 AED/ft2
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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;
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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
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
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1 day

Reporting
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5% of the annual rental price

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1 hour

Contract of the tenant and agency.
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From 3 days

Selection of optimal investment options
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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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