Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

The ‘wow effect’ for Dubai property

02.10.2017
The ‘wow effect’ for Dubai property

According to the latest 'Global Cities' report by Knight Frank consultancy, a nice urban development plan and even wide facilities and amenities available are clearly not enough for a particular business district to succeed. A new bar is raised, and urban developments require a so called ‘wow effect’. Read more to find what it is all about.

The future has come with new requirements set for commercial and also residential city districts. Now it is not enough for real estate units, clusters and districts to be just comfortable and quality. To increase the capital value of housing, a so-called "wow effect" is needed, a new concept of urban environment for active youngsters, initially created by Google in its main headquarters and the surrounding campus in California, USA. The Googleplex occupies hundreds of square feet with squares, plazas, low-rise commercial buildings all tied in one unified system and adapted to any people’s needs.

Facilities at Googleplex include swimming pools, multiple sand volleyball courts, eighteen cafeterias and even full-size replicas of SpaceShipOne and a dinosaur skeleton.Since 2007 the site has featured a series of solar panels producing 1.6 megawatts of electricity making it the largest solar system in the USA by that time.

This success scenario set up by Google is being replicated by Dubai master developers. Dubai Design Distric (D3) represents exactly the place where the world of fashion, retail, design and culture can coexist. Office buildings already functioning here have significantly increased the average occupancy level in Dubai.

And soon Dubai’s commercial property base will be expanded substantially due to the implementation of a new business park project with Emirates Towers and the Uptown Dubai cluster (formerly Burj-2020) located next to Jumeirah Lakes Towers.

The report by Knight Frank says that the expansion of residential and commercial real estate sectors in Dubai is fully justified. Dubai’s population has increased by 134% from 1.3 to 2.4 million during the last decade. And this is the main fundamental argument in favor of real estate investments in the emirate, Knight Frank said in its report.

Latest Availability
RENT
125,000 / year
Ref.No: OF1209
Office
1,655 ft2
76 AED/ft2
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
SALE
730,000
Ref.No: AP165
Studio Apt
630 ft2
1,159 AED/ft2
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
SOGA1  SOGA2
Call management
SOGA1  SOGA2
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