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Town houses at AED2.5m

25.08.2014
Town houses at the Naseem development in Dubailand have been sold out with most investors being first-time homebuyers, according to Dubai Properties. Dubai Properties, the dedicated project development company of Dubai Properties Group, said that the recently launched Naseem townhouses in its Mudon development have sold out.
With starting prices of AED2.5mn ($680,000), the units offered in the initial phase have all been snapped up by investors following their launch last week, reported Construction Week Online.
Mohammed Alhabbai, chief officer of Urban Planning and Infrastructure at DPG, said: "The response we have received for Naseem confirms that DP's development approach is aligned with the needs of a growing city, from both an end user and investor perspective."
"Naseem townhouses are high quality, spacious, conveniently located and reasonably priced; giving Dubai's residents the opportunity to live in a sustainable community with huge growth potential."
The company said the majority of those investing were first time homebuyers getting on the first rung of the property ladder.
News of investor interest in the community comes as the developer launches over 200 more residential units in Remraam which offers shaded walkways, swimming pools, basketball and tennis courts. The units, ranging from studios to three-bedroom apartments, will be "competitively priced" starting from AED560,000 ($152,000), the company said.

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Call management
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

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

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

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

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

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