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New luxury property portal launched

09.10.2014
New luxury property portal launched
The portal will have only 100 real estate agents promoting their properties and will include features such as virtual 3D tours.
A new real estate portal has been launched in the UAE which will focus on highlighting luxury properties in the country, Gulf Business reported.
Luxury SQft (www.luxsqft.com) will feature a limited number of units from the UAE’s more affluent areas, in a bid to “maximise efficiency for agents and consumers, by excluding unsuitable options and reducing conflict listings,” it said in a statement.
The portal will also have 100 real estate agents promoting their properties and will include features such as virtual 3D tours and an option for customers to send a free SMS to their brokers featuring a specific property link.
Simon Rowland, sales director at Luxury SQft said: “Finding the right property in competitive international markets, such as the UAE, can be a difficult task and while these hotspots have the largest concentration of high-end customers, they are still being serviced with a mass market approach.”
Following its launch in the UAE, Luxury SQft also has plans to expand into the UK and US in the first quarter of 2015, followed by other markets such as Hong Kong at a later date, the statement said.
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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