Shared proposal for development of ISB per 1960 plan

Shared proposal for development of ISB per 1960 plan

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According to May 18 news reports, a private company has submitted an investment proposal for the conclusion of the Islamabad master plan in accordance with the 1960 original development plan. The proposal reportedly has the potential to generate returns of USD 2 billion with no government expenditures.

Read more with EL news: SBCA will initiate action against illegal building in Karachi

This proposition was discussed at the meeting chaired by Zulfiqar Ali Bhatti of the National Assembly Standing Committee on Board of Investment (BoI). Before further discussion, he stated that all stakeholders, including the Ministry of Housing and Works, the Capital Development Authority (CDA), the Federal Government Employees Housing Authority (FGEHA), and the local administration, should be consulted.

In addition, the BoI informed the meeting that the ‘One-stop Shop’ initiative was implemented to facilitate investors and stakeholders during the Special Economic Zones (SEZ) investment process. The establishment of a Business-to-Business portal for the China-Pakistan Economic Corridor (CPEC) was disclosed to the attendees. The Chinese Board of Investment will be linked to this portal, which will aid investors.

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ICCI tasked with finalizing location for Islamabad industrial estate

ICCI tasked with finalizing location for Islamabad industrial estate

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May 18 news reports that the Islamabad Chamber of Commerce and Industry (ICCI) has been requested to finalize one of the proposed sites for the establishment of an industrial estate in the capital city.

Read more with EL news: PLRA instructs officials in electronic property record registration

In his address to the business community at ICCI, Punjab Industry and Commerce Minister S.M Tanveer stated that the Punjab Industrial Estate Management and Development Company has identified four sites for the establishment of the industrial estate by ICCI. Nonetheless, it will be completed by the ICCI.

In the same meeting, Punjab Excise and Communications Minister Bilal Afzal informed attendants that funds for the rehabilitation of Kahuta Road have been released. In addition, it was specified that 2,600 kilometers of roads leading to various industrial estates will be repaired. He requested that the business community submit their concerns regarding the excise and communications department through their respective chambers, and that every endeavor would be made to address them.

At the meeting, the establishment of an industrial territory surrounding Islamabad, including the Kahuta region, was discussed. Cabinet members of Punjab opined that the private sector should promote industrialization to increase exports and improve foreign exchange earnings. President of the ICCI Ahsan Zafar Bakhtawari suggested formulating 10-year economic policies to promote business and investment more effectively.

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PLRA instructs officials in electronic property record registration

PLRA instructs officials in electronic property record registration

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According to an article published on May 17, the Punjab Land Record Authority (PLRA) has effectively completed training sessions on the e-registration of property records for officials (including deed writers) in Lahore.

Read more with EL news: SBCA will initiate action against illegal building in Karachi

The training seeks to ensure the seamless transfer and preservation of public property while enhancing the process’s transparency and efficacy. Sessions on the e-registration of property records were conducted in Lahore, Gujranwala, Gujrat, Rawalpindi, Sahiwal, Multan, Sargodha, and Bahawalpur, according to PLRA Director General Saira Omer. Next week, the concluding training sessions for the Dera Ghazi Khan and Faisalabad divisions are scheduled.

In addition, it was emphasized that e-registration is implemented in 90% of provincial districts and that the manual registration of real estate transactions has been replaced by stringent adherence to prescribed procedures.
According to the sources, the automated e-registration procedure aids citizens by allowing them to manually enter their registration information on a computer or use a deed writer. They can then submit these details to the sub-registrar online.

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SBCA will initiate action against illegal building in Karachi

SBCA will initiate action against illegal building in Karachi

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According to an article published on May 15, the Director General of the Sindh Building Control Authority (SBCA), Muhammad Yasin Shar Baloch, has instructed the relevant officials to take rigorous action against illegal constructions in Karachi.

Read more with EL news: Peoples Marine Walk foundation placed at Clifton Beach

According to the information available, SBCA DG Baloch has instructed officials to take severe action against builders who have unlawfully added floors and portions to their buildings. According to Sindh Building Ordinance 1979/82, Clause (1) 19, the construction and sale of commercial units on residential plots is prohibited, as stated by the director general.

It was warned that brokers, contractors, and purchasers who are found to be involved in illegal property transactions will face disciplinary action. According to the sources, many people have demolished their old, spacious homes in order to build structures with smaller footprints, which has burdened the city’s infrastructure and necessitated that the water, power, and sewage systems endure the additional weight.

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Peoples Marine Walk foundation placed at Clifton Beach

Peoples Marine Walk foundation placed at Clifton Beach

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On May 15, a news source reported that Sindh Local Government Minister Syed Nasir Hussain Shah laid the foundation stone for the Peoples Marine Walk initiative at Clifton Beach in Karachi. One hundred million Pakistani rupees will be required to complete the endeavor.

Read more with EL news: CDA provides auction information for forthcoming commercial plots

Along Clifton Beach, a 1.5-kilometer-long path will be constructed, beginning at Dolmen Mall and ending at Dua Chowrangi. The track will feature a 100-foot-wide road, a walking path, restaurants, parking, aquatic sports facilities, restrooms, and a playground, it was revealed. In addition, the Walk will feature various event and entertainment facilities and floral arrangement displays.

The Karachi Development Authority (KDA) revealed that the first phase of the Peoples Marine Walk will be completed within a year. The provincial government and the KDA will execute the project in accordance with international standards.

The minister stated at the ceremony that the current administration is making every effort to provide citizens with recreational and healthful facilities.

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CDA provides auction information for forthcoming commercial plots

CDA provides auction information for forthcoming commercial plots

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According to May 14 news reports, the Capital Development Authority (CDA) has been instructed to expedite development work in Sector I-12, which has caused delays in handing over plots to their respective owners.

Read more with EL news: CDA is urged to expedite development work in I-12

According to the information provided, the plot owners of Sector I-12 are concerned about the slow tempo of development. According to them, infrastructure such as electricity connections, sewage systems, and roadways are not yet complete, which hinders the sector’s overall development. The plot owners have urged the CDA to conclude infrastructure construction in the sector and expedite plot delivery.

According to the news source, in June 2022, it was reported that the development of the aforementioned sector would be completed within three years; however, the sluggish rate of work suggests it may take longer.

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CDA is urged to expedite development work in I-12

CDA is urged to expedite development work in I-12

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According to May 14 news reports, the Capital Development Authority (CDA) has been instructed to expedite development work in Sector I-12, which has caused delays in handing over plots to their respective owners.

Read more with EL news: WB, Punjab start water, sanitation project in 16 districts

According to the information provided, the plot owners of Sector I-12 are concerned about the slow tempo of development. According to them, infrastructure such as electricity connections, sewage systems, and roadways are not yet complete, which hinders the sector’s overall development. The plot owners have urged the CDA to conclude infrastructure construction in the sector and expedite plot delivery.

According to the news source, in June 2022, it was reported that the development of the aforementioned sector would be completed within three years; however, the sluggish rate of work suggests it may take longer.

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WB, Punjab start water, sanitation project in 16 districts

WB, Punjab start water, sanitation project in 16 districts

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Rahim Yar Khan: According to May 14 news reports, the Punjab government and the World Bank (WB) have launched the Punjab Rural Sustainable Water Supply and Sanitation Project in 16 districts of the province.

Read more with EL news: WB, Punjab start water, sanitation project in 16 districts

According to the Tehsil Manager of the project, Jamil Ahmed Khan, all mauzas of all tehsils have been instructed to acquire state and private property for the project in coordination with the local administration.

ADCR Ahmed Raza Butt disclosed that Liaqatpur Tehsil has been selected for the Punjab Rural Sustainable Water Supply and Sanitation Project and Solid Waste Management Project in Rahim Yar Khan. The district administration, Punjab Rural Municipal Services Company, and the local government and community development department will collaborate to execute the initiatives.

In the initial phase of the aforementioned water supply and sanitation project, the villages (Chaks) of 20 Mauzas have been selected, and tenders for the work in six villages have been issued; the remaining tenders will be issued shortly. The official proposals for the acquisition of state territory for both phases of the project have reportedly been submitted to the relevant agencies.

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Dubai real estate building Jumeirah 1 investment benefits

Dubai real estate building Jumeirah 1 investment benefits

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Dubai real estate building Jumeirah 1 investment is undoubtedly one of the best, most splendid, and most lucrative investments around the globe. Therefore, all consumers, both UAE local and foreign are taking on the opportunity as it comes. Moreover, there are a whole lot of benefits that any Dubai investment brings and Jumeirah 1 brings it exactly. Trying to fill the void in the market. You can also connect with any company. Well, a notable list of Dubai Real Estate Companies list is available online.

Talking about the investment, it is safe to say that the investors are secure on all ends. From planning, brainstorming, and executing to the booking process, each department of Dubai real estate building Jumeirah 1 is fully covered. Therefore, potential customers do not have to worry about anything.  The following blog will carry the viewers through how beneficial, lucrative, and impeccable of an investment it is.

Dubai Real Estate Market

The adjective of Dubai Real Estate Industry is gigantic and everything pleasant. Looking at the incredibly jaw-dropping figures of how speedily the real estate markets is growing and bringing investors home. Now, considering the huge and insanely positive figures, the coming year, 2023, is likely to bring at least 46% more progress to the industry. Therefore, tomorrow looks much brighter and Dubai real estate building Jumeirah 1 is just one of the most successful projects.

Furthermore, in the Dubai Real Estate Industry all departments are insanely authentic and legitimate. The entire process is exceptionally seamless and transparent. Therefore, there is no need to worry about research, inconvenience, and uncertainties. It is so because the ratio for unprecedented uncertainties is extremely small.

Dubai real estate building Jumeirah 1

Let’s look at one of the biggest, most massive, and most beneficial investment opportunities that the Dubai Real Estate Industry has to offer. To start off, one must keep in mind that the industry as a whole, therefore, be sure before investment. Doing prior research and knowing the needed information about the desired property is always safe and secure. Moreover, some are some of the benefits of making an investment in Dubai real estate building Jumeirah 1.

Exceptional outlets

Dubai real estate building Jumeirah 1 resides at one of the most ideal locations in UAE. It is also no novel news that the UAE as a city has exceptional infrastructure and is magnificently made. Therefore, the scenery is simply next to perfection.

Well, Jumeirah 1 borders the Persian Gulf which is everything perfect. The neighborhood and surrounding location everything pleasant. Some are;

  • Coffee shops
  • Lebanese Cafes
  • Seafront areas
  • All international Brands are right at your doorstep
  • Impeccable shopping malls
  • Boutiques

Pleasant Scenery

Talking about the scenery of Dubai real estate building Jumeirah 1, it is safe to safe that it is simply perfect. Furthermore, the location is home to all water sports, making the lives of investors exciting and thrilling. Some notable spots include Laguna Waterpark, Jumeirah Public Beach, and more.

Economic Boost

There is no novel news that the Dubai Real Estate market forecast is inspiring and pleasant. Furthermore, the future is even more incredible and ideal. Therefore, the main benefit of investing in Jumeirah 1 is that it will have an economic boost. It will be lucrative for both investors and developers alike as it will boost the Dubai Real Estate business.

Tax-Free Environment

One of the major news for investors is that any investment in the city of UAE is tax-free. It definitely implies that all kinds of investors will get excited by investing as it is secure and does not demand any tax during the whole process.

Furthermore, this investment too – it is one of the biggest benefits that will surely excite viewers and consumers alike.

Importance

Wouldn’t it be nice to invest in one of the top cities with insane tourism, exceptional economy, impeccable safety, and just the fact that tomorrow is safe? Well, it sure will be. Therefore, the many benefits of Dubai real estate building Jumeirah 1 wrap up many optimistic news and updates. You can also get in touch with Dubai Real estate agents for further updates.

Conclusion

There is no surprise that Dubai as an industry offers a whole lot of surprises and pleasant experiences to investors. Therefore, it is no doubt an incredible opportunity for all investors to take the opportunity and invest. Well, Dubai real estate building Jumeirah 1 is surely one of the main and most beneficial investments that the city has to offer.  Furthermore, we also advise you to do prior research before investing. Anyhow, do connect with Estate Land Marketing, one of the biggest advertising names, to inquire and get further guidance.

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What are Dubai real estate broker commission rates?

What are Dubai real estate broker commission rates?

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The importance of Dubai Real Estate broker commission is huge and is next to real pertinence. Moreover, it shall also be considered that Dubai Real Estate is one of the largest markets around the globe. Therefore, the debate around each department in terms of working is also massive. Now, the question of how agents work, their role in making an investment profitable, Dubai real estate broker commissions, and much more, are answered in this blog.

Dubai Real Estate Industry

Dubai Real Estate industry is proving to be the sober, smart, and seamless choice of real estate investment. Moreover, it is also so because everything and every department included in the market is completely authentic and legit. In addition, talking about the commission rates, one shall remember that it is promising. The probability of earning high commission rates is also one of the biggest reasons why many Dubai Real Estate agents get attracted.

Well, before delving into all the needed information regarding Dubai Real Estate broker commission, let’s understand the meaning.

What do Commission Rates Mean?

The term commission refers to a certain percentage or ratio of payment that one receives by cracking a deal or sale. Therefore, Dubai Real estate agents and brokers who complete a deal get a certain commission/amount. Now, that percentage of the amount depends on the kind of property that is been done or the scale of it. The closed sales define the commission. Let’s take an example – a sales representative who cracks an ideal deal (a good amount) will get a higher percentage of the whole amount.

Dubai real estate broker commission Rates

Now, let’s shed some light on how Dubai real estate broker commission vary and is processed. First and foremost, it must be clear that RERA which refers to the Real Estate Regulatory Authority, handles it. So, there’s a fixed amount that RERA has mentioned or fixed as Dubai real estate broker commission. But the rough idea of how much can a certain amount be amounted to commission. Both for the seller and buyer’s agent.

Some of the numbers related to Dubai Real Estate broker commission are;

  • If a broker gets a deal to rent a property or house, the total commission will be 5% or somewhere around that.
  • Moreover, the buyers who are making a purchase of a property will give at least 2% to brokers.
  • For mere and simple renting services, there’s around AED 5000.
  • For buying, however, the limit fixed by RERA varies. It depends on the kind of deal one makes and how big the purchase is. The more massive the sale, the bigger the commission.

Importance

Talking about the sheer importance of Dubai Real Estate broker commission, it is important to realize the urgency. If you are getting into the business of real estate as a broker, the only way to get richer, more stable, and financially secure is via commissions. Therefore, the way is to crack deals and seal the sales. Moreover, as the sales representative, there is a coliseum of ways to do so. Finding interesting segues, staying authentic, and understanding the intricacies of pitching are important.

In addition, for the Dubai real estate broker commission, do remember that it is a big industry. Therefore, the commission for the sales representatives is going to be massive. However, do verify the brokers before making a deal or you can always authenticate from the Dubai Real Estate app.

Note!

While on the topic of sales representatives and Dubai Real Estate brokers – possessing an exceptional skill set is pertinent and knowledge of real estate markets. Furthermore, an individual who has better communication skills, can pitch better and guide the potential investors more legitimately and owns more chances. More sales mean more commission. It is as simple as that.

Conclusion

The business of real estate is difficult to step into. And more importantly, to strive. Furthermore, Dubai real estate broker commission is massive if one masters the art of it. It is, however, advisable that one connect with an authentic real estate company. Moreover, it assures and legitimizes the process making it more seamless and easy-going. Having said that, do also do up your prior research to avoid any uncertain and unprecedented situation. Well, Estate Land Marketing, one of the biggest names in the industry, is always here to guide you and assist you.

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