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Project set to transform Deira to JBR-like destination

16.04.2015
Project set to transform Deira to JBR-like destination
The project, which is being planned around the Al Mamzar Lake, will have waterfront residences, serviced residences, retail amenities and water-themed leisure attractions.

Dubai Municipality (DM) is currently working on a beachfront development near the Al Mamzar Lake in Deira, Emirates 24/7 reported.

“We are working on the project and the concept design has been agreed on. It is going to be a destination like others areas such as JBR,” Abdulla Mohammed Rafia, assistant director general for Engineering and Planning Sector, Dubai Municipality, told Emirates 24|7.

The civic body is working with Emaar Properties, Dubai’s largest developer, on this project. The companies had signed a memorandum of understanding (MoU) in May 2014. “We are expecting to break ground early next year,” he revealed, but declined to give the project cost.

The project, which is being planned around the 53-hectare (131-acre) Al Mamzar Lake, will have waterfront residences, serviced residences, retail amenities, fountains and water features, and water-themed leisure attractions.

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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
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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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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