ETA Star Properties takes pride in introducing a new commercial development which will be located at one of the most prime locations on the creek of the Business Bay.
The development designed exclusively to reflect style and functionality, comprises of a 31 storeyed top class commercial / office complex. The other salient features will include a fully serviced business centre, conference /auditorium facility and a leisure deck combining the facility of health spa and swimming pool to unwind.
To complement the needs of the office goers, the ground floor of the development would have a retail area which would include facilities such as food court, travel desk etc. The development provides ample car parks with business facilities planned within the complex to enhance corporate efficiency.
The Business Bay ? a "New City" covering an area of 64 million sft. within the metropolis of Dubai ? is located on the proposed extension to the famed Dubai Creek connecting Ras Al Khor and Sheikh Zayed Road. This new initiative comprises of office towers, commercial and residential blocks set under amidst acres of landscaped gardens interspersed with fascinating canals, roads and walk ways.
Traditionally business in Dubai was conducted along the creek. Today Business Bay has recreated the experience by creating the new creek that is right in the heart of city. Located off Sheikh Zayed Road behind The Metropolitan Hotel, it overlooks Burj Dubai - the world's tallest tower.
Thus it is adjacent to the most prestigious square kilometre on the planet. Inspired by mega business districts around the world Dubai's Business Bay is part of the vision of the land that was laid out by H.H Sheikh Mohammed Bin Rashid Al Maktoum. Spread across 64 million square feet, starting from Sheikh Zayed Road going all the way across to Ras Al Khor it is slated to be the business corridor for the entire MENA belt catering to Iran, Asia, Africa, the Subcontinent and of course the Middle East. All large multinationals in these areas are looking to shift their regional headquarters here due to the world-class infrastructure that the environment offers.
Well-known design house "M/s. Architects 61" of Singapore is developing this iconic tower.
The average full floor size is 16,450 Sq.Ft., with 12 units per floor. The smallest unit size is around 800 Sq.Ft. with the other units ranging from 1,150 Sq.Ft. to a maximum of approx. 2,250 Sq.Ft
1. Request letter from the existing Assignee (Assignor) for transfer of unit to the new Assignee (Assignee).
2. Physical presence of both parties at M/s. ETA Star Property Developer LLC Office for execution of Assignment Form by both the Assignor and the Assignee.
3. In the event that the Assignor or Assignee is unable to present at the time of Assignment, their Representative should possess an original, valid Power of Attorney, duly attested by a Notary Public of the country of domicile of the Assignor, the Ministry of Foreign Affairs of the same country, and the UAE Embassy in that country. In the absence of a UAE Embassy, the attestation of the Embassy of any GCC country would suffice. Further the document has to be attested at the Foreign Affairs in Dubai. In the event of a Power of Attorney being drawn up in Dubai, attestation by the Dubai Court is required.
4. In case of any Mortgage over the unit in the name of Assignor, the Lien release letter in original has to be submitted.
5. The Assignment Agreement & the related forms should be signed by both the parties.
6. Original Reservation Form and original Receipts issued to the Assignor to be returned to M/s. ETA Star Property Developer LLC.
7. Original Sale Agreements, issued to the Assignor to be returned to M/s. ETA Star Property Developer LLC.
8. AED 5,000/- towards Administration charges to be paid to M/s. ETA Star Property Developer LLC.
9. Initial Oqood charges of AED 1000/- be paid by the Assignor to M/s. ETA Star Property Developer LLC.
10. Initial Oqood charges of AED 1000/- to be paid by the Assignee to M/s. ETA Star Property Developer LLC.
11. 2% Registration charges to be paid by the Assignor (1% on the Original Price & 1% on the New Sale Price) to Dubai Lands Department.
12. 1% Registration charges to be paid by the Assignee (1% on the New Sale Price) to Dubai Lands Department.
13. The Assignee should pay 50% of the next installment to M/s. ETA Star Property Developer LLC.
14. The Passport copy of the Assignor & Assignee to be given to M/s. ETA Star Property Developer LLC.
15. All outstanding amounts to M/s. ETA Star Property Developer LLC should be cleared before the transfer of Unit. In case of any late payments, the interest charges for the same should be cleared before the transfer of the Unit.
16. At the time of transfer, the Assignor's account across projects will be checked. If the Assignor has a balance due in any project with M/s. ETA Star Property Developers LLC, he will not be permitted to resell unless all his balances including interest on delayed payment are settled. If the Assignor pays by personal cheque, a period of 3 days is required until the cheque clears before he is permitted to resell.
17. Any Transfer is subject to the approval of Lands Department.
18. As and when intimated by ETA Star Property Developers LLC the Assignor & Assignee shall be present at Dubai Lands Department, to sign the required documents.
19. Receipt shall be issued only after the approval from Dubai Lands Department.
20. On approval of the Transfer from Dubai Lands Department, one copy each of the original Transfer Agreement shall be send to the Assignor and Assignee.
Note:Any transfer will be considered void unless all required documents are signed and all payments are made. M/s. ETA Star Property Developers LLC shall not be responsible for any purchase or transfer done outside its sales offices.
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