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Dubai Canal to transform city center

11.01.2016
Dubai Canal to transform city center
Developers revealed their plans for developments along Dubai Canal.

New large-scale projects that are about to transform the urban matrix of Dubai keep taking shape in the emirate. Recently, the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum has inspected the construction site of one of these projects, the Dubai Canal and developers told him about real estate projects and infrastructure units planned to be developed on its banks.

The area under construction along Dubai Canal is nearly 4.7 million square meters. Here it is planned to build 5345 residential units and 948 hospitality units.

Construction will affect areas such as the Dubai Gate Towers, Jumeirah, and Peninsula (Beach). One of the bridges at the entrance of the Canal, Bridge Gate Towers will be a three-leveled structure with 434 shops and restaurants, covering 300,000 square meters. The roof of the complex is designed as a green park that will optically connect it to the greenery of Al Safa Park. Gate Towers area development also includes the construction of a five-star hotel, hotel apartments and four residential buildings with 1140 apartments.

211,200 residential and commercial units, including shops and restaurants, will be built on the banks of the Dubai Canal in total. An artificial peninsula will be formed in the Canal’s delta adding more than a kilometer of beaches to the existing coastline in Jumeirah Beach Park.

The Dubai Canal development project adds attractiveness to the central Dubai and also creates new opportunities for luxury real estate construction in this area, where it is not easy to find free land plots available for construction. Thanks to this project Marina area will have another 1817 residential units, 957 hotel rooms and 347 shops and restaurants, and also 60 marinas.

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SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 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
  • 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