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Designing the world's tallest commercial tower: Burj 2020

16.11.2014
Designing the world's tallest commercial tower: Burj 2020
Within a few weeks time, we will get more information about Burj 2020, the world's tallest commercial tower that's being developed in Dubai. The design and identity of the architectural firm for the world’s tallest all-commercial tower in the making — Burj 2020 — could be confirmed in a matter of weeks, Gulf News reported.
“The competition (for submission of bids) is about to close and only then will details such as the final height would revealed,” said Krysta Fox, director at DMCC Free Zone, which will be the master-developer of the tower as well as the Burj 2020 District of which it will be the focal point.
The district itself will take up a massive 107,000 square metres and open up a substantial new supply of office stock over the medium term.
Among the existing tallest office towers, Tokyo Skytree, completed in 2010, takes pride of place at 634 metres high. It cost more than $800 million to build. It is followed by Taipei 101, at 509 metres high.
Latest Availability
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
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Call management
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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
  • 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