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Nikki Beach to open on the Palm

04.12.2014
Nikki Beach to open on the Palm
US luxury beach club brand Nikki Beach has confirmed it is to open a 52,000m2 resort in Dubai’s Pearl Jumeirah in late 2015, weeks after cancelling plans to open in Doha. US luxury beach club brand Nikki Beach has confirmed it is to open a 52,000m2 resort in Dubai’s Pearl Jumeirah in late 2015, ConstructionWeekOnline.com reported.
The announcement came just weeks after confirming it had cancelled plans to open its first property in the Middle East on Doha's The Pearl Qatar.
The Nikki Beach Resort & Spa Dubai will include 400 metres of white sandy beachfront, 61 branded residences, 132 units including 117 rooms and suites, 14 beach villas, one 1,350m2 three-bedroom ultimate beach villa, three restaurants, a VIP lounge, Nikki Spa by ESPA, Tone Fitness Centre and the brand's famous Beach Club and is part of its partnership with Meraas Holding, the real estate company controlled by Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum.
"We have been waiting for the right time, location and partners to expand our brand in Dubai and after 10 years of waiting, I am happy to announce that we have finally found the perfect location and the perfect partners (Meraas Holding) to open Nikki Beach in Dubai," Jack Penrod, founder & owner of Nikki Beach Worldwide, told CNN.

Latest Availability
SALE
2,350,000
Ref.No: AP670
1BR Apt
1,308 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