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Dubai’s first sustainable city welcomes its inhabitants

29.12.2015
Dubai’s first sustainable city welcomes its inhabitants
First homes handed over in a new-type residential community The Sustainable City in Dubai.

Dubai’s first fully integrated sustainable residential community The Sustainable City welcomed its first residents recently.

This resource-saving and environmentally friendly residential community was launched back in 2014 with the active support of Dubai Land Department consistently implementing the strategy of modern resource-saving technologies in the emirate.

The complex includes five residential clusters with pedestrianised streets and private houses grouped around a central wind tower. Parking plots in the community are shaded with solar panels generating electricity. 11 ‘biodome’ greenhouses for growing organic products are also to be constructed as part of the project’s first phase.

The Sustainable City covering almost 5 millions square feet is the perfect choice for those property buyers and tenants who want to live in a dynamic developing metropolis, but at the same time in a perfect healthy and eco-friendly environment. The Sustainable City real estate offers also attract buyers’ attention due to their revenue-sharing scheme's net zero service fees.

The Sustainable City is a region’s and UAE’s first pilot project of a net zero energy residential urban community that will take Dubai closer to its sustainable future. “The successful opening of the city to residents has set a new benchmark for other developers to follow," said Faris Saeed, CEO Diamond Developers.

It is expected that more residents will come to the city by April 2016, when a community center, playgrounds, running tracks and a new equestrian center will open here.

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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