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Metro expansion to push up rents

15.04.2015
Metro expansion to push up rents
With Dubai planning its red line in the metro, properties on the line are set to see a hike in rental prices.

A planned expansion of Dubai’s Red Line metro from the Nakheel Harbour station to the Expo 2020 site is expected to push up property prices in its proximity, even before the route is operational.

Properties close to the new metro stations are set to see sales price increases of 10 to 15%, according to consulting firm Valustrat

“Properties within a 10 minute walking distance of some of the proposed new metro stops may prove of stronger interest even in the short term as purchasers seek to identify investment areas for possible future gains,” the firm said in a statement to Gulf Business News.

“Upon commencement of train services sales values could potentially have increased by a premium of 10-15 per cent compared to other parts of the community located further from the station.”

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1,135,000
Ref.No: imex-5095297
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0 фт2
0 AED/фт2
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2,180,000
Ref.No: imex-4434300
Квартира (2 сп)
923 фт2
2,361 AED/фт2
Этаж: 3
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1,400,000
Ref.No: imex-4434389
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607 фт2
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Этаж: 2
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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:

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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
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Property management