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Russian Business Council to enhance real estate investment climate in the UAE

01.03.2016
Russian Business Council to enhance real estate investment climate in the UAE
Russian Business Council is about to focus efforts on strengthening cooperation between business and public authorities in the UAE and Dubai.

If your interests lie in the domain of real estate investments in Dubai and the UAE, if your business is in any way connected with the United Arab Emirates, then Russian Business Council in Dubai and Northern Emirates (RBC) will be your entrusted representative and guide in the world of local real estate, business and regulations.

RBC supports SME initiatives in the UAE, including real estate market, and also is engaged in the establishment of economic relations between the Russian Federation, the United Arab Emirates, Northern Africa and other countries and regions. Recently, RBC Presidium was reelected, which resulted in further strengthening of the Council’s position in the business world of the United Arab Emirates.

The Head of IMEX Real Estate and one of the co-founders at RBC, Oleg Lavrik was elected as the new Vice-Chairman of the Russian Business Council. Together with the RBC new President Saleh Al Aroud, the Head of Al Aroud Group, Oleg Lavrik will be responsible for the issues of interaction between the organization and public authorities of the United Arab Emirates in the field of real estate and investments.

At the first meeting after re-election RBC Presidium members have identified the priority areas for the organization’s future activity. One of the primary targets is to simplify the process of investing in the region’s commercial and residential real estate for all the international investors. Now, when the international companies’ interest in Dubai is growing fast, the establishment of cooperation between countries in all business areas is especially important.

Organizing and taking part in exhibitions, forums, conferences, seminars, round tables and other events such as Cityscape Global, Top Line, The congress on real estate registration, Affordable housing exhibition and other industry events in the UAE and abroad was also named as another main priority for the RBC future activity.

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125,000 / year
Ref.No: OF1209
Office
1,655 ft2
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