Business Summary

ACTIVE REAL ESTATE COMPANY FOR SALE:

We are offering for sale an active and fully established company with all permissions, official registrations, license and certificates, well located office with all necessary equipment and furniture, bank account, big number of properties and huge database of property owners. The business is active and have great potential.



GENERAL INFORMATION :

Legal Form: LLC

Date of company’s formation: March 28, 1996

License expiry date: 27.March 2015 (renewable)

Activities: buying selling and leasing brokerage

Company’s capital: 300,000 UAE Dirhams

Company shareholders: two locals (father and daughter) from Abu Dhabi

Local Partner fee: 30,000AED/annum

Company has registration certificate with ORN number from Real Estate Regulatory Agency (RERA)

General Manager had got approved broker certificate (blue colour)

Owners training and examination fee are paid and they should attend the course within six months

Company registered in Ministry of Labour of Dubai and Dubai General Directorate of Residency and Citizenship. Computer cards are issued

Company has approval of Quota from Ministry of Labour of Dubai for general manager, sales manager, marketing manager and secretary. Size of the office is making possible getting more approvals, immediately

Secretary is available, candidates for sales and marketing managers can be proposed

OFFICE DETAILS:

Office location: TECOM

Office size: 1100 sq. ft.

Office rent charges: 110000 AED

Office charges paid till April 2015

One parking plot in basement is available

ADDITIONAL FACTS:

- Office is fully fitted with parquets, and partition (reception, big manager office, huge meeting room, pantry, small stock room, big hall with possibility of making 4 more workstations)

- Brand new furniture for manager’s office, meeting room, reception, and one complete workstation are available

- Internet, telephone and fax lining with big switchboard for extensions of lines completed

- Du broadband, telephone (two lines with possibilities of increase line numbers ) and fax are perfectly working

- Professional router for wireless connection in the office is in operation

- Curtains, decorative tables and chairs for reception and wall decoration materials (paintings) are fitted

- Telephone, fax, printer, scanner, stationary equipment and materials with dustbins and cardholders are newly purchased

- Office utensils, pantry equipment, vacuum cleaner, refrigerator, and cleaning materials are provided

- Company signboards inside and outside the office as well as in ground floor are fixed

NB: all office equipment and furniture are owned by the company



COMPANY’S STATIONARY:

- Company’s logo, letterheads, receipt vouchers and invoice books are designed and printed

- Company’s stamp is designed and produced

- Forms for tenancy contracts printing are available



COMPANY WEBSITE:

Advanced company web site with modern design, lot of dynamic pages and property listings in three languages (English, Russian and Persian) is up to date and full of offers for properties to buy, sell or lease. Web site is online and the company had paid maintenance fee till June 2015.

In connection with the company site, three email IDs for company were created and they are in working condition.



COMPANY’S BANK ACCOUNT:

Company bank’s account as a Real Estate broker (current account with the cheque book facility) is active for AED, US$ and Euro transactions in Mashreq Bank

Company is insured for any kind operations injury risks by AXA Insurance


MARKETING ACTIVITIES:

Company has contracts with Property finder for advertising its properties

Materials for contracts with Dubizzle and Bayut had been prepared for signatures

Database of 120000 emails property owners and dealers are purchased for email marketing and it is checked by email boosters

Cooperation with international property sellers is formed.

Software for watermarks on property pictures is available

PROPERTY DATABASE:

More than 160 properties are available in our database for sell and rent directly from the owners

More than 200 properties are selected from other real estate companies for sharing

Hundreds of properties in Spain, Greece and Turkey are linked with us

Nine hotels, two whole buildings and one plot in Business Bay are available for sell

MONTHLY EXPENSES:

Rent charges: 9166 AED

Secretary salary: 3000 AED

Cleaning charges: 500 AED

Telephone, Fax and broadband charges: 1100 AED

Electricity charges: 100 AED (chiller is free)

Sales managers: no salary but high commissions

Marketing Manager: to be determined by the new management

Advertising: to be determined by the manager according to the company’s goals

Salary of security guards of buildings hired to work as Real Estate agents : 3x500/person

Other office expenses: 1000 AED


For more details, any kind of clarification and information please do not hesitate to contact us.

Please kindly note that the offered price is subject to change without prior notice.

Property Details

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