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Real estate show sees growth in demand

18.11.2014
Real estate show sees growth in demand
The  International Real Estate and Investment Show is set to kick off on Thursday at the Abu Dhabi National Exhibition Centre with 80 exhibitors from 20 countries. Organisers of the International Real Estate and Investment Show (IREIS) are ready to re-start the event, which was stopped after the recession.
The sixth edition of the show is set to kick off on Thursday at the Abu Dhabi National Exhibition Centre (Adnec) with 80 exhibitors from 20 countries showcasing residential units for lease and sale in their respective countries.
At a press conference held on Monday, organisers said they had been waiting for years for the property market to pick up, adding they find the market in good shape now.
“The real estate market was affected by the financial crisis, but now the market is prospering and ready for this event. Plus, prices are reasonable and have not yet hiked up like they did in 2008 and 2009,” said Antoine Georges, managing director of Dome Exhibitions Company, the event organiser.
Speaking to Gulf News, Georges said the residential market has been picking up slowly but steadily.
“[The residential market] reflects the performance of the economy. A lot of investors want to diversify away from the stock market and into real estate, and it’s a very good time to purchase. There’s a lot of interest from people who want to purchase whether in the UAE or in their home countries,” he said.
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RENT
125,000 / year
Ref.No: OF1209
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1,655 ft2
76 AED/ft2
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58,500 / year
Ref.No: OF662
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1,300 ft2
45 AED/ft2
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6,800,000
Ref.No: AP1113
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3,003 ft2
2,264 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