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Special offer for Damac property owners! Save 10% on your service charges

16.02.2016
Special offer for Damac property owners! Save 10% on your service charges
IMEX Real Estate knows how to get a discount on your service charges in Dubai.

A lot of property buyers believe that owning and leasing property is too troublesome and costly, especially when your property is abroad. Maybe it is true in other countries, but not in Dubai.

Here, property owner is not only spared from income tax, but also can save on service charges, even if his property is in a high-end luxury community. IMEX Real Estate provides professional expert assistance in managing your Dubai property continually monitoring the market for the new benefits for our customers.

Among the latest special offers in this regard Damac’s service charges discount is quite noteworthy. One of the largest developers and property operators in Dubai, Damac offers a 10% discount on service charges to all its property owners.

Usually, service charges payments for residential and retail property in Dubai, including maintaining, DEWA utilities, management, and insurance, and master community fees, are collected on a quarterly basis at the beginning of each quarter in advance. In case of delayed payment management company will charge a penalty of 12% per annum (1% per month) for each day of delay, which will be re-calculated once payment has been made to cover only the monthly interest rate of 1% on the months the payments were late for. However, Damac customers got an exclusive opportunity to reduce their service charges for the year 2016 by 10% of discount.

For reference: service charges rate in Emirates Gardens 2 by Damac currently stands at AED 10.31 psf per annum, while after the discount applied this amount may be reduced down to AED 9.28 psf per annum saving a substantial amount of money on the per annum basis. These calculations are relevant for the Damac property units in other residential communities as well.

It’s hard to keep your finger on the pulse of Dubai real estate changes, especially when not residing in UAE for long. That’s why, IMEX Real Estate is there for you to take care of all the utility and maintenance payments, service charges, of submitting all necessary papers in order to get discounts, and to manage a thousand other troubles associated with property owning and leasing in Dubai. With our Property Management Service you’ll forget all the problems with tenants, paying bills and keeping your apartment, office or house in order. We will handle all these issues for you.

Latest Availability
1,135,000
Ref.No: imex-5095297
Квартира-студия
0 фт2
0 AED/фт2
ПРОДАЖА
24,121,980
Ref.No: imex-4082377
Квартира (4 сп)
5,038 фт2
4,788 AED/фт2
ПРОДАЖА
8,466,009
Ref.No: imex-4982366
Квартира (3 сп)
2,303 фт2
3,676 AED/фт2
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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