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Plans to plant forest in Dubai desert

20.08.2014
Plans to plant forest in Dubai desert
Damac aims to help boost sales for its 55 million square feet Akoya Oxygen project. Damac plans to plant a forest in the desert to help sell its latest Dubailand project, according to The National newspaper.
The realty firm, known for its luxury developments, revealed plans for its 55 million square feet Akoya Oxygen project. It aims to transplant 4,000 trees to create what it describes as a "lush green environment" on the site that will be located off the Umm Suqeim Road extension.
It wants to sell homes around its planned golf course development but did not disclose the number of units to be sold or their cost.
“From low emission residences, to our utilising of recycled materials, all this will contribute in transforming Akoya Oxygen into the first green luxury residential address in Dubai,” said Ziad El Chaar, managing director of Damac Properties.
Damac is one of several Dubai developers investing in Dubailand where a number of projects were put on hold in the wake of the 2008 property crash but which is now witnessing a strong rebound.

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125,000 / year
Ref.No: OF1209
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1,655 ft2
76 AED/ft2
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58,500 / year
Ref.No: OF662
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1,300 ft2
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6,800,000
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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:
  • 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
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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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