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Work on Palm Jumeirah Boardwalk to start this month

10.11.2014
Work on Palm Jumeirah Boardwalk to start this month
The AED150 million waterfront attraction is set to be completed by mid-2016. Dubai-based master developer Nakheel has signed the construction contract for The Boardwalk, a new AED150 million waterfront attraction that will run the full 11km length of Palm Jumeirah’s crescent, it said in a press statement on Sunday.
Emirates 24/7 reported that the developer has appointed Overseas AST Company to build The Boardwalk, one of several new destination projects underway at Palm Jumeirah. Work will begin by the end of this month, with completion in mid-2016.
The Boardwalk will transform Palm Jumeirah's 11km protective breakwater into a destination for walking, shopping and dining. It includes an East and West Pier – each stretching 100 metres out to sea – featuring glass-encased cafés and restaurants with views of The Palm, Arabian Gulf and the Dubai skyline.
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RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
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6,800,000
Ref.No: AP1113
3BR Apt
3,003 ft2
2,264 AED/ft2
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2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
1,796 AED/ft2
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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
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Ad placement

1 day

Ad placement:
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Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

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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
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Property management

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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
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1 day

Reporting
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5% of the annual rental price

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Contract of the tenant and agency.
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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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