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New realty firm enters Dubai realty space

21.10.2014
With Dubai's real estate sector booming, the market has seen a surge of new entrants. The Dubai General Properties is the latest to enter the scene. A new real estate development company has been formed through an alliance between Sharaf Investment Group and Al Ali Real Estate - Dubai General Properties.
Headed up by Yousuf H. Sharaf, the new unit has been set up at a time when Dubai is seeing its real estate market growing rapidly with many stalled projects being started up again. Dubai General Properties will take up a mixed-use project in Dubai Maritime City, with construction expected to be completed in three years, according to Gulf News. “Dubai is on the verge of an important stage that will contribute to the real estate investment map in the emirate,” said Sharaf.
Apart from Dubai, the promoters consider India and Egypt to be investment destinations for its projects. “The new company is looking at a number of markets by setting strategies with international companies which concentrate on the Indian market,” said Sharaf. “The new company is aware of the Indian property market’s potential. The Indian market is massively strong and can absorb more investment.”
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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

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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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None

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1 hour

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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Property management