Logo
  • Order call
  • Call management

Property type
No. of bedrooms
Area
Show offers

Contracts have hand full with projects

14.06.2015
Contracts have hand full with projects
Market sources suggest there was little to suggest that project promoters were having second thoughts on delaying the construction timelines just because the property market had hit a sift spell.

With so many projects in the pipeline, local contracts have had a busy first half of the year. However, with so many still lined up, there should be enough work to keep the momentum going through the latter half of the year, Gulf News reported.

Market sources suggest there was little to suggest that project promoters were having second thoughts on delaying the construction timelines just because the property market had hit a sift spell. “Saudi Arabia and Kuwait have seen delays, but not in the UAE, and certainly not on a scale that should have the industry worried,” said Bharat Bhatia, CEO of Conares, the privately owned manufacturer of steel bars and rods. “There’s still enough capacity on the contractor’s side that remains to be absorbed, which also gives some leeway to take on new projects in the second half of the year.”

Damac Properties recently confirmed that it had issued project awards of more than AED2.5 billion in the first five months. “There’s more coming through at both of our Akoya projects, some of which are extremely design and build intensive,” said Niall McLoughlin, Senior Vice-President. “These days the earlier a developer gets to have his contractor on site, the better it is for the project’s chances.”

Latest Availability
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