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City's second-tallest tower confirmed

06.05.2015
City's second-tallest tower confirmed
RP 1 will be Dubai's second tallest tower and the project is estimated to cost between AED4 to AED4.5 million.

A Saudi Arabia based developer, RP Global, has confirmed plans to build what will be Dubai’s second tallest tower, to be located on Business Bay and fronting Shaikh Zayed Road.

The architectural firm of Atkins is working on the design, and a decision on what the eventual height should be has not been taken yet, according to the CEO of RP Global.

“A lot of the details will be decided only at the time of the launch of RP 1, expected in the fourth quarter of this year or early next,” said Ravi Pillai, who is also the Chairman of the diversified $4 billion group.

The development cost is reckoned to be around AED4 billion to AED4.5 billion, according to Gulf News. RP 1 will be mixed-use, featuring a hotel, serviced apartments, a freehold residential component as well as a retail area.

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Contract of the lessee and agency.

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1 day

Ad placement:
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1 hour

Contract of the lessee and agency.
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1 hour

Contract of the tenant and agency.
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~ 2 weeks secondary

~ 3 weeks new building

Property Selection

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Registration of the contract of purchase / sale
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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

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None

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