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Dubai index rises above 200-day average

27.10.2014
Dubai index rises above 200-day average
Property and construction stocks were top performers as contractors Drake and Scull and Arabtec jumped 6.5 and 5.3% respectively. Most stock markets in the Middle East rose on Sunday as quarterly earnings reports remained generally positive, according to Emirates 24/7.
With U.S. stocks up after strong results from Microsoft and Procter & Gamble, Dubai's index rose 2.5% to 4,689 points, closing back above its 200-day average at 4,594 points.
Property and construction stocks were top performers as contractors Drake and Scull and Arabtec jumped 6.5 and 5.3% respectively, while developer Union Properties added 5.1 per cent%.
"This is just speculation," said Ali Adou, portfolio manager at The National Investor in Abu Dhabi, said of the sharp moves.
In Arabtec's case, in particular, investors are once again betting that Abu Dhabi state fund Aabar Investments may soon buy the stake held by Arabtec's former chief executive Hasan Ismaik, who resigned in June, he said. Ismaik has said he was in talks to sell the stake at no less than AED5 per share, a premium to Sunday's close of AED4.41.

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76 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