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Property offers for millionaires in Dubai: what to choose from

24.08.2015
Property offers for millionaires in Dubai: what to choose from
Having US $ 16 million at your disposal, you can buy a really unique premium property in the Dubai Le Rêve tower.

Despite the fact that demand for luxury real estate in Dubai is going down, such premium units as US $ 16 million apartment in Dubai Le Rêve Tower are never left underestimated.

41 floors of the 52-story tower have only two apartments per floor, and the remaining nine floors are penthouses each occupying a whole floor and with its own elevator for each apartment. These properties can be called truly unique options for multimillionaires: one such apartment recently was put up for sale in Le Rêve tower, the name of which in French means "The dream".

In addition to standard for such apartment amenities like two separate rooms for drivers at the back of the garage assigned to each of these apartments, they are also provided with five private parking spaces for guests, 24-hours personal concierge services and even such superfluities like gyms designed according to the projects by sports stars like a tennis player Roger Federer.

As for the internal filling of the apartment, almost 15,716 square feet of its whole space is given to 6 bedrooms, 7 bathrooms, 4 reception rooms, a private cinema and a study. The fact that the open terrace in the apartment provides a breathtaking view of Dubai from the bird's flight, and all the city's major attractions located in areas of Dubai Marina and Palm Jumeirah manmade island are within sight, adds a lot to the appeal of this exclusive property.

As for the demand and the decline in prices for such housing recently reported by many market experts, Gregory Lewis from Knight Frank casts away this popular opinion: according to him, the demand for apartments in super-premium category does not depend on market fluctuations, and while Knight usually sells only one such unit in a month, this year it was selling, on average, two such apartments per month.

Latest Availability
SALE
730,000
Ref.No: AP165
Studio Apt
630 ft2
1,159 AED/ft2
SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 ft2
0 AED/ft2
SALE
625,000
Ref.No: OF93
Office
630 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