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World's largest ferris wheel in Dubai

30.06.2015
World's largest ferris wheel in Dubai
The 210-metre Dubai Eye will offer views of Dubai’s coastline and iconic landmarks such as Burj Al Arab, Palm Jumeirah and Burj Khalifa. The island will have retail, residential, hospitality and entertainment zones.

Two huge A-frames – the support structure - for Dubai Eye, billed to be the world’s largest ferris wheel, have been installed on the AED6-billion Bluewaters Island, Emirates 24|7 can reveal.

Pictures taken by this website shows a number of cranes across the island with work progressing steadily on the main bridge, connecting the island to the mainland.

In June 2015, the Roads and Transport Authority (RTA) awarded an AED475-million contract for the bridge, which will have two lanes in each direction, stretching 1,400 meters in length and 25 meters in width. It is expected to be completed in 2016, according to Habtoor Leighton Group website.

According to Meraas, the 210-metre Dubai Eye will offer views of Dubai’s coastline and iconic landmarks such as Burj Al Arab, Palm Jumeirah and Burj Khalifa. The island will have retail, residential, hospitality and entertainment zones.

According to Meraas, the 210-metre Dubai Eye will offer views of Dubai’s coastline and iconic landmarks such as Burj Al Arab, Palm Jumeirah and Burj Khalifa. The island will have retail, residential, hospitality and entertainment zones.

A video presentation on Starneth website reveals that the ‘private oasis in the sky’ will have 48 luxury capsules holding 1,400 visitors, even allowing people to celebrate their special moments in those capsules. The wheel will also have an 80-metre digital screen for broadcasting, adverts and interactive information.

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4,200,000
Ref.No: AP589
2BR Apt
1,700 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