More buyers get lawyers to read the fine print

Article from Emirates Business 24-7

Article from Emirates Business 24-7

Property owners are concerned over growing disputes and investment security.

The number of property dispute cases filed in Q1 2009 increased by 55 per cent compared to Q4 2008. (EB FILE)

Increasing real estate disputes and concerns over security of a property investment are prompting buyers to seek legal advice prior to making a transaction, according to agents.

“Clients have serious concerns over the security of their real estate investments. Further, increase in number of real estate disputes is a result of many prospective buyers seeking legal advice prior to making a transaction,” said Mohanad Alwadiya, Managing Director, Harbor Real Estate.

“This was not the case in previous years which also contributed greatly to the problems that clients were facing as proper due diligence was not conducted prior to the sale and purchase of property,” he said.

Speaking to Emirates Business in a round table, Shilpa Guruswamy, Head of Legal and Sales Coordination, Asteco Property Management; Charles Neil, CEO, Landmark Advisory & Landmark Properties and Liz O’Connor, Director – Residential Sales & Leasing, Better Homes, said they were ensuring all correct steps were followed within their companies and ensuring all documentations were in place before a transaction is completed.

Do you have a law firm that advises you on the authenticity of your real estate transactions?

Guruswamy: Yes, we have a legal department, which oversees our transaction details and is also responsible for the compliance and risk mitigation process.

Neil: We have law firms to draw up all our documentation which protects the rights of our clients. Our accounts are audited by one of the four big auditors in order to ensure there is a clear distinction between our funds and our clients’ funds.

Real estate agencies, however, should be careful using companies claiming to be trust companies as they are not regulated, and if they have doubts they should use a reputed company of lawyers instead.

O’Connor: Yes, we do have a lawyer on board who manages our legal procedures and contractual obligations on transactions. Through our in-house lawyer as well as our managers, we ensure that all correct steps are followed and documentation is in place before a transaction is completed.

Alwadiya: In 2009, we joined forces with Prestige Legal Consultants, an international law company, to provide counselling and representation to all our clients in all legal matters concerning real estate in Dubai.

This partnership was started to keep in line with our vision to evolve our services from traditional real estate brokerage of merely bringing buyers and sellers together to world-class end-to-end real estate services. The holistic real estate legal services will complement our diverse line of services and govern all the activities and transactions of our clients.

The combined real estate experience of our firms enable us to provide clear candid counsel and guidance to our clients at all times to ensure that their rights are always protected.

Is this a new trend due to the downturn in the real estate sector?

Guruswamy: Real estate transactions, whether sales, lease, or appointment of sub-agents, are all essentially structured through legal contracts. Therefore, all these underlying documents need to be verified to ensure compliance to statutes and contract laws.

It is not a new trend but as the market matures there is greater emphasis on regulation and transparency. Therefore, there is increased need to have people with necessary legal background and expertise to scrutinise or draft documents. It is in no way related to the downturn because we had a legal department in place and operational long before the onset of the downturn.

Neil: We feel there should be laws allowing the setting up of trust accounts, but in our case customers trust us as we have strong finances and strong shareholders.

O’Connor: No, for us this is not as a result of the downturn in the real estate sector. We created this position a number of years ago due to volume of transactions and to oversee our international operations.

Alwadiya: Real estate-related enquiries have increased since the 2008 financial downturn. Many of the clients have serious concerns about the security of their real estate investments.

It was estimated that the number of cases filed in the first quarter of 2009 increased by 55 per cent compared to the fourth quarter of 2008. This drastic increase in the number of real estate disputes is a result of many reasons ranging from investors not fulfilling their obligations, sale and purchase agreements containing provisions that contradict the law about developers not delivering projects on time, and many more.

Prospective buyers are also seeking legal advice prior to making a transaction. This was not the case in previous years and also contributed greatly to the problems that clients were facing as proper due diligence was not conducted prior to the sale and purchase of property.

Most of the current legal enquiries that our legal division receives are usually concerned with the real estate regulations and legislations.

The profound perception of the industry and the daily interface with real estate clientele have resulted in the espousal of a fresh innovative legal counselling scheme. According to a recent study conducted by Harbor research division, majority of people perceive legal counseling as an exhorbitant service which leaves them with no alternative other than staying unaided and frustrated.

For that reason, the legal solution introduced by Harbor & Prestige is viewed as a results-driven method. Customers who seek legal counselling will incur minimal fees and no extra charges will be required in case of not winning the case.

Real Estate Regulatory Agency (Rera) recently proposed a free legal advice service for buyers and sellers, an initiative that we applaud. We believe that this innovative policy will assist in boosting the confidence levels in the real estate industry.

Can you specify which particular transactions are scrutinised by your analysts and lawyers?

Guruswamy: The legal department is involved in overseeing all transactions not limited to primary sales, secondary sales, leases, registration at the Land Department verification of power of attorneys etc. Should a party to the transaction be a corporate body, incorporation documents of companies need also to be verified.

Neil: We do use lawyers for more complicated transactions and are working with one firm to do conveyance transactions.

O’Connor: We have standardised processes and procedures that govern every transaction. Our in-house legal advisor oversees all the legalities of these processes to ensure that all parties, wherever possible are secure.

Alwadiya: The legal services introduction is vital as the real estate market matures through the current economic crisis to become a more structured and regulated market. We obtain legal counselling for all our transactional activities in order to ensure providing our clients with a secured transactional experience. Needless to say, the more complex and high-end the transaction is, the more legal involvement we require.

Do you collect a deposit from a client in order to lock-in your clients?

Guruswamy: We generally do not encourage collection of deposits. However, should there be a delay in completion of transaction, a deposit may be collected by the agent to secure buyer’s interest and lock the seller to a commitment. In this case the agent takes up the role of an escrow agent.

In case of default, deposit maybe forfeited and returned to the aggrieved party. On successful closure of the deal, the deposit is adjusted towards the balance sale price of the transaction.

Neil: We only take deposits as part of a transaction and to secure the rights of the parties involved in a transaction, we don’t take it in to lock in a client. If the deal falls through, then the deposit is returned in the manner agreed upon by the parties at the time of signing the agreement. Sellers can no longer demand deposits and hold on to them.

O’Connor: We have now begun to encourage our customers to hold their deposit with a Rera-approved escrow facility, but in the absence of an escrow we take a deposit from the buyer as security for the seller.

Alwadiya: Accepting deposits from potential buyers or tenants is a common practice in the property market which is usually used as a closing technique or a gesture to test the seriousness of the potential client. More sellers and landlords are starting to ask for deposits as well in order to secure their interest in the transaction, especially when the closing date of the transaction is delayed for justified reasons such as releasing a property mortgage or finalising the transaction contracts or obtaining a date to conduct the transfer at the developer’s office or the Land Department.

We try to avoid retaining any deposits at our end as this is an added liability on us and it can place us in a conflict of interest situation as we usually represent only one part in the transaction. Having said that, we usually recommend that deposits are usually handed by a financial or legal third party entity with neutral position in relation to the parties involved in the transaction.

Do you maintain a separate account to receive agents’ commissions?

Guruswamy: Commission fees are payable to the agent by the parties involved and shall not form a part of the purchase consideration.

Normally, the purchase consideration is exchanged between the buyer and seller and the commission is paid to the agent. Therefore, there is no possibility of both of them being booked into the same account. However, should the agent be involved in collecting the booking deposit, it is booked separately into a designated account, which is distinct from all other operational accounts. Such payments are held on behalf of the buyer and seller and do not form part of the operational funds of the agent.

Neil: No comment.

O’Connor: We have an accounts department and we run a series of profit centres, most of which have commissions as the primary revenue source.

Alwadiya: Our company’s bank account is supervised by an independent certified accounting and auditing firm. Our internal accounting and finance resources follow the processes and guidelines set by this consultant/firm in order to ensure complete compliance with the best financial and accounting standards.

Real estate legal advice a growing sector

Article from Freehold Monthly

Article from Freehold Monthly

Dubai – Real estate legal services are becoming more popular among existing investors and prospective buyers in Dubai.

Dr. Ali Al Jarman, legal partner – Harbor Real Estate and founder of Prestige Advocates, says real estate-related enquiries have increased since the 2008 financial downturn. “Many of our clients have serious concerns over the security of their real estate investments,” he says.

Prospective buyers are also seeking out legal advice prior to making transaction. “This was not the case in previous years and also contributed greatly to the problems that clients are facing as proper due diligence was not conducted prior to the sale and purchase of property. Most enquiries are usually concerned with the real estate regulations and legislations such as the date of completion of a project, delay penalties, invalidity of the contract, cancellations and payment commitments.”

RERA (Dubai’s Real Estate and Regulatory Agency) has recently proposed a free legal advice service for buyers and sellers, an initiative that Dr. Ali applauds: “We believe that this innovative policy could also assist in boosting the confidence levels in the real estate industry,” he says.

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Harbor Real Estate Partners with Prestige Advocates & Legal Consultants

Article from Dubai City Guide

Article from Dubai City Guide

Dubai, December 27, 2009 – Harbor Real Estate, an integrated Real Estate service provider in Dubai, announced the signing of a professional services agreement with Prestige Advocates & Legal Consultants, a leading global law firm, to provide counselling to all Harbor clients and representation in all legal matters concerning real estate in Dubai.

The profound perception of the industry and the daily interface with real estate clientele has resulted in the espousal of a fresh innovative legal counselling scheme. According to a recent study conducted by Harbor research division, the majority of people perceive legal counselling as an exorbitant service which leaves them with no alternative other than staying unaided and frustrated. For that reason, the innovative legal solution introduced by Harbor & Prestige is viewed as a results-driven method; customers who seek legal counselling will incur minimal fees and no extra charges will be required in case of not winning the case.

Mohanad Alwadiya, Managing Director of Harbor Real Estate commented: “Lawyers at Prestige are second to none in terms of knowledge and experience, both locally and internationally. The combined real estate experience of Harbor and Prestige and the comprehensive understanding of the wide array of Real Estate issues in the UAE enable us to provide clear candid counsel and guidance to clients at all times to ensure that their rights are always protected”

“The legal services introduction is vital as the real estate market matures through the current economic crisis to become a more structured and regulated market,” Said Dr, Ali Al Jarman, Legal Partner of Harbor and founder of Prestige. “One of the objectives we aim to achieve through this partnership is to increase the public’s understanding of the law’s procedures and implications which will eventually help reduce the number of cases filed and will boost the overall confidence in the market.”

According to sources from RERA, the number of cases filed in Q1 2009 has increased by 55% compared to Q4 of 2008. The drastic increase in the number of disputes is a result of many reasons ranging from investors not fulfilling their obligations, Sale & Purchase agreements containing provisions that contradict the law about developers not delivering projects on time, and many more.

Harbor Real Estate services have evolved from traditional real estate brokerage of merely bringing buyers and sellers together to innovative world class end-to-end real estate services. The company services include, Real Estate Tailored Research Services, Integrated Marketing Services, Sales, Leasing & Conversion Management Services, Real Estate Investment Portfolio Management Services and, Holistic Real Estate Legal Services.
—–END—–

About Harbor Real Estate

Harbor Real Estate Brokerage is a fully integrated real estate service provider based in Dubai and part of an established world class group of real estate companies since 2001. With a strong reputation and a veteran team with over 15 years of experience in the industry, Harbor Real Estate provides Real Estate Research Services, Integrated Sales & Marketing Services, Sales and Lead Conversion Management Services and Real Estate Investment Portfolio Management Services.

Having served over 5,000 satisfied customers, Harbor has an extensive clientele base that consists of public and private entities, major developers, private and institutional investors and owner-occupiers..
Harbor Real Estate brokerage has a dedicated team of realtors and consultants who are renowned for their expertise, high level of professionalism and insight into local and international markets. The company is committed to providing its customers world class service and innovative real estate solutions.

In 2009, Harbor Real Estate Brokerage established a quarterly real estate report “The Harbor Report”. This candid report covers the latest news, developments and trends in the real estate industry with an in-depth analysis of the latest topics and current affairs.

The Harbor Services include:
REAL ESTATE RESEARCH SERVICES: Harbor believes that fact-based analysis generated from insights emanating from market research is the prerequisite to recommendations and tailor-made solutions that provide optimum results for its clients. Harbor’s market knowledge, experience, industry research and research auditing expertise are proven.

INTEGRATED SALES & MARKETING SERVICES: Developers will benefit from Harbor’s innovative marketing, communication and consulting services. Developed by Harbor’s dedicated experienced marketing & sales professionals, tailor made strategies are formulated to allow developers to fully capitalize on whatever opportunities exist in the marketplace and drive above benchmark results.

SALES AND LEAD CONVERSION MANAGEMENT SERVICES: Harbor’s Sales and Lead Conversion Management process transforms the normally lengthy and complicated transactional procedure into a systematic and disciplined solution. This unique ground-breaking approach fuels greater returns for our clients.

REAL ESTATE INVESTMENT PORTFOLIO MANAGEMENT SERVICES: The Harbor Team consists of highly experienced and culturally diverse Realtors and consultants. The team prides itself in providing world class consultation services to investors of land, commercial and residential Real Estate in the UAE.

HOLISTIC REAL ESTATE LEGAL SERVICES: The Harbor professionally managed and certified legal arm offers the most experienced property legal services in the region. Its main offices are located in Dubai with associate offices in the GCC and Europe.

For further information, please contact:
Mohanad Alwadiya
Managing Director – Harbor Real Estate
Email: mohanad@harbordubai.com

Shatha Al Khatib
PR Account Manager – Harbor Communications
Mobile: +971 50 2908921
Phone: +971 4 325 1616
Email: shatha@harbordubai.com

Harbor Real Estate Partners with Prestige Advocates & Legal Consultants

Article from Eye of Dubai

Article from Ame Info

Dubai, December 27, 2009 – Harbor Real Estate, an integrated Real Estate service provider in Dubai, announced the signing of a professional services agreement with Prestige Advocates & Legal Consultants, a leading global law firm, to provide counselling to all Harbor clients and representation in all legal matters concerning real estate in Dubai.

The profound perception of the industry and the daily interface with real estate clientele has resulted in the espousal of a fresh innovative legal counselling scheme. According to a recent study conducted by Harbor research division, the majority of people perceive legal counselling as an exorbitant service which leaves them with no alternative other than staying unaided and frustrated. For that reason, the innovative legal solution introduced by Harbor & Prestige is viewed as a results-driven method; customers who seek legal counselling will incur minimal fees and no extra charges will be required in case of not winning the case.

Mohanad Alwadiya, Managing Director of Harbor Real Estate commented: “Lawyers at Prestige are second to none in terms of knowledge and experience, both locally and internationally. The combined real estate experience of Harbor and Prestige and the comprehensive understanding of the wide array of Real Estate issues in the UAE enable us to provide clear candid counsel and guidance to clients at all times to ensure that their rights are always protected”
“The legal services introduction is vital as the real estate market matures through the current economic crisis to become a more structured and regulated market,” Said Dr, Ali Al Jarman, Legal Partner of Harbor and founder of Prestige. “One of the objectives we aim to achieve through this partnership is to increase the public’s understanding of the law’s procedures and implications which will eventually help reduce the number of cases filed and will boost the overall confidence in the market.”

According to sources from RERA, the number of cases filed in Q1 2009 has increased by 55% compared to Q4 of 2008. The drastic increase in the number of disputes is a result of many reasons ranging from investors not fulfilling their obligations, Sale & Purchase agreements containing provisions that contradict the law about developers not delivering projects on time, and many more.

Harbor Real Estate services have evolved from traditional real estate brokerage of merely bringing buyers and sellers together to innovative world class end-to-end real estate services. The company services include, Real Estate Tailored Research Services, Integrated Marketing Services, Sales, Leasing & Conversion Management Services, Real Estate Investment Portfolio Management Services and, Holistic Real Estate Legal Services.
—–END—–

About Harbor Real Estate

Harbor Real Estate Brokerage is a fully integrated real estate service provider based in Dubai and part of an established world class group of real estate companies since 2001. With a strong reputation and a veteran team with over 15 years of experience in the industry, Harbor Real Estate provides Real Estate Research Services, Integrated Sales & Marketing Services, Sales and Lead Conversion Management Services and Real Estate Investment Portfolio Management Services.

Having served over 5,000 satisfied customers, Harbor has an extensive clientele base that consists of public and private entities, major developers, private and institutional investors and owner-occupiers..
Harbor Real Estate brokerage has a dedicated team of realtors and consultants who are renowned for their expertise, high level of professionalism and insight into local and international markets. The company is committed to providing its customers world class service and innovative real estate solutions.

In 2009, Harbor Real Estate Brokerage established a quarterly real estate report “The Harbor Report”. This candid report covers the latest news, developments and trends in the real estate industry with an in-depth analysis of the latest topics and current affairs.

The Harbor Services include:
REAL ESTATE RESEARCH SERVICES: Harbor believes that fact-based analysis generated from insights emanating from market research is the prerequisite to recommendations and tailor-made solutions that provide optimum results for its clients. Harbor’s market knowledge, experience, industry research and research auditing expertise are proven.

INTEGRATED SALES & MARKETING SERVICES: Developers will benefit from Harbor’s innovative marketing, communication and consulting services. Developed by Harbor’s dedicated experienced marketing & sales professionals, tailor made strategies are formulated to allow developers to fully capitalize on whatever opportunities exist in the marketplace and drive above benchmark results.

SALES AND LEAD CONVERSION MANAGEMENT SERVICES: Harbor’s Sales and Lead Conversion Management process transforms the normally lengthy and complicated transactional procedure into a systematic and disciplined solution. This unique ground-breaking approach fuels greater returns for our clients.

REAL ESTATE INVESTMENT PORTFOLIO MANAGEMENT SERVICES: The Harbor Team consists of highly experienced and culturally diverse Realtors and consultants. The team prides itself in providing world class consultation services to investors of land, commercial and residential Real Estate in the UAE.

HOLISTIC REAL ESTATE LEGAL SERVICES: The Harbor professionally managed and certified legal arm offers the most experienced property legal services in the region. Its main offices are located in Dubai with associate offices in the GCC and Europe.

For further information, please contact:
Mohanad Alwadiya
Managing Director – Harbor Real Estate
Email: mohanad@harbordubai.com

Shatha Al Khatib
PR Account Manager – Harbor Communications
Mobile: +971 50 2908921
Phone: +971 4 325 1616
Email: shatha@harbordubai.com

Or visit:

www.harbordubai.com

Harbor Real Estate Partners with Prestige Advocates & Legal Consultants

Article from Eye of Dubai

Article from Eye of Dubai

Dubai, December 27, 2009 – Harbor Real Estate, an integrated Real Estate service provider in Dubai, announced the signing of a professional services agreement with Prestige Advocates & Legal Consultants, a leading global law firm, to provide counselling to all Harbor clients and representation in all legal matters concerning real estate in Dubai.

The profound perception of the industry and the daily interface with real estate clientele has resulted in the espousal of a fresh innovative legal counselling scheme. According to a recent study conducted by Harbor research division, the majority of people perceive legal counselling as an exorbitant service which leaves them with no alternative other than staying unaided and frustrated. For that reason, the innovative legal solution introduced by Harbor & Prestige is viewed as a results-driven method; customers who seek legal counselling will incur minimal fees and no extra charges will be required in case of not winning the case.

Mohanad Alwadiya, Managing Director of Harbor Real Estate commented: “Lawyers at Prestige are second to none in terms of knowledge and experience, both locally and internationally. The combined real estate experience of Harbor and Prestige and the comprehensive understanding of the wide array of Real Estate issues in the UAE enable us to provide clear candid counsel and guidance to clients at all times to ensure that their rights are always protected”

“The legal services introduction is vital as the real estate market matures through the current economic crisis to become a more structured and regulated market,” Said Dr, Ali Al Jarman, Legal Partner of Harbor and founder of Prestige. “One of the objectives we aim to achieve through this partnership is to increase the public’s understanding of the law’s procedures and implications which will eventually help reduce the number of cases filed and will boost the overall confidence in the market.”

According to sources from RERA, the number of cases filed in Q1 2009 has increased by 55% compared to Q4 of 2008. The drastic increase in the number of disputes is a result of many reasons ranging from investors not fulfilling their obligations, Sale & Purchase agreements containing provisions that contradict the law about developers not delivering projects on time, and many more.

Harbor Real Estate services have evolved from traditional real estate brokerage of merely bringing buyers and sellers together to innovative world class end-to-end real estate services. The company services include, Real Estate Tailored Research Services, Integrated Marketing Services, Sales, Leasing & Conversion Management Services, Real Estate Investment Portfolio Management Services and, Holistic Real Estate Legal Services.
—–END—–

About Harbor Real Estate

Harbor Real Estate Brokerage is a fully integrated real estate service provider based in Dubai and part of an established world class group of real estate companies since 2001. With a strong reputation and a veteran team with over 15 years of experience in the industry, Harbor Real Estate provides Real Estate Research Services, Integrated Sales & Marketing Services, Sales and Lead Conversion Management Services and Real Estate Investment Portfolio Management Services.

Having served over 5,000 satisfied customers, Harbor has an extensive clientele base that consists of public and private entities, major developers, private and institutional investors and owner-occupiers..
Harbor Real Estate brokerage has a dedicated team of realtors and consultants who are renowned for their expertise, high level of professionalism and insight into local and international markets. The company is committed to providing its customers world class service and innovative real estate solutions.

In 2009, Harbor Real Estate Brokerage established a quarterly real estate report “The Harbor Report”. This candid report covers the latest news, developments and trends in the real estate industry with an in-depth analysis of the latest topics and current affairs.

The Harbor Services include:
REAL ESTATE RESEARCH SERVICES: Harbor believes that fact-based analysis generated from insights emanating from market research is the prerequisite to recommendations and tailor-made solutions that provide optimum results for its clients. Harbor’s market knowledge, experience, industry research and research auditing expertise are proven.

INTEGRATED SALES & MARKETING SERVICES: Developers will benefit from Harbor’s innovative marketing, communication and consulting services. Developed by Harbor’s dedicated experienced marketing & sales professionals, tailor made strategies are formulated to allow developers to fully capitalize on whatever opportunities exist in the marketplace and drive above benchmark results.

SALES AND LEAD CONVERSION MANAGEMENT SERVICES: Harbor’s Sales and Lead Conversion Management process transforms the normally lengthy and complicated transactional procedure into a systematic and disciplined solution. This unique ground-breaking approach fuels greater returns for our clients.

REAL ESTATE INVESTMENT PORTFOLIO MANAGEMENT SERVICES: The Harbor Team consists of highly experienced and culturally diverse Realtors and consultants. The team prides itself in providing world class consultation services to investors of land, commercial and residential Real Estate in the UAE.

HOLISTIC REAL ESTATE LEGAL SERVICES: The Harbor professionally managed and certified legal arm offers the most experienced property legal services in the region. Its main offices are located in Dubai with associate offices in the GCC and Europe.

For further information, please contact:
Mohanad Alwadiya
Managing Director – Harbor Real Estate
Email: mohanad@harbordubai.com

Shatha Al Khatib
PR Account Manager – Harbor Communications
Mobile: +971 50 2908921
Phone: +971 4 325 1616
Email: shatha@harbordubai.com

Or visit:

www.harbordubai.com

Harbor Real Estate Partners with Prestige Advocates & Legal Consultants

Article from Zawya

Article from Zawya

Dubai, December 27, 2009 – Harbor Real Estate, an integrated Real Estate service provider in Dubai, announced the signing of a professional services agreement with Prestige Advocates & Legal Consultants, a leading global law firm, to provide counselling to all Harbor clients and representation in all legal matters concerning real estate in Dubai.

The profound perception of the industry and the daily interface with real estate clientele has resulted in the espousal of a fresh innovative legal counselling scheme. According to a recent study conducted by Harbor research division, the majority of people perceive legal counselling as an exorbitant service which leaves them with no alternative other than staying unaided and frustrated. For that reason, the innovative legal solution introduced by Harbor & Prestige is viewed as a results-driven method; customers who seek legal counselling will incur minimal fees and no extra charges will be required in case of not winning the case.

Mohanad Alwadiya, Managing Director of Harbor Real Estate commented: “Lawyers at Prestige are second to none in terms of knowledge and experience, both locally and internationally. The combined real estate experience of Harbor and Prestige and the comprehensive understanding of the wide array of Real Estate issues in the UAE enable us to provide clear candid counsel and guidance to clients at all times to ensure that their rights are always protected”

“The legal services introduction is vital as the real estate market matures through the current economic crisis to become a more structured and regulated market,” Said Dr, Ali Al Jarman, Legal Partner of Harbor and founder of Prestige. “One of the objectives we aim to achieve through this partnership is to increase the public’s understanding of the law’s procedures and implications which will eventually help reduce the number of cases filed and will boost the overall confidence in the market.”

According to sources from RERA, the number of cases filed in Q1 2009 has increased by 55% compared to Q4 of 2008. The drastic increase in the number of disputes is a result of many reasons ranging from investors not fulfilling their obligations, Sale & Purchase agreements containing provisions that contradict the law about developers not delivering projects on time, and many more.

Harbor Real Estate services have evolved from traditional real estate brokerage of merely bringing buyers and sellers together to innovative world class end-to-end real estate services. The company services include, Real Estate Tailored Research Services, Integrated Marketing Services, Sales, Leasing & Conversion Management Services, Real Estate Investment Portfolio Management Services and, Holistic Real Estate Legal Services.
—–END—–

About Harbor Real Estate

Harbor Real Estate Brokerage is a fully integrated real estate service provider based in Dubai and part of an established world class group of real estate companies since 2001. With a strong reputation and a veteran team with over 15 years of experience in the industry, Harbor Real Estate provides Real Estate Research Services, Integrated Sales & Marketing Services, Sales and Lead Conversion Management Services and Real Estate Investment Portfolio Management Services.

Having served over 5,000 satisfied customers, Harbor has an extensive clientele base that consists of public and private entities, major developers, private and institutional investors and owner-occupiers..
Harbor Real Estate brokerage has a dedicated team of realtors and consultants who are renowned for their expertise, high level of professionalism and insight into local and international markets. The company is committed to providing its customers world class service and innovative real estate solutions.

In 2009, Harbor Real Estate Brokerage established a quarterly real estate report “The Harbor Report”. This candid report covers the latest news, developments and trends in the real estate industry with an in-depth analysis of the latest topics and current affairs.

The Harbor Services include:
REAL ESTATE RESEARCH SERVICES: Harbor believes that fact-based analysis generated from insights emanating from market research is the prerequisite to recommendations and tailor-made solutions that provide optimum results for its clients. Harbor’s market knowledge, experience, industry research and research auditing expertise are proven.

INTEGRATED SALES & MARKETING SERVICES: Developers will benefit from Harbor’s innovative marketing, communication and consulting services. Developed by Harbor’s dedicated experienced marketing & sales professionals, tailor made strategies are formulated to allow developers to fully capitalize on whatever opportunities exist in the marketplace and drive above benchmark results.

SALES AND LEAD CONVERSION MANAGEMENT SERVICES: Harbor’s Sales and Lead Conversion Management process transforms the normally lengthy and complicated transactional procedure into a systematic and disciplined solution. This unique ground-breaking approach fuels greater returns for our clients.

REAL ESTATE INVESTMENT PORTFOLIO MANAGEMENT SERVICES: The Harbor Team consists of highly experienced and culturally diverse Realtors and consultants. The team prides itself in providing world class consultation services to investors of land, commercial and residential Real Estate in the UAE.

HOLISTIC REAL ESTATE LEGAL SERVICES: The Harbor professionally managed and certified legal arm offers the most experienced property legal services in the region. Its main offices are located in Dubai with associate offices in the GCC and Europe.

For further information, please contact:
Mohanad Alwadiya
Managing Director – Harbor Real Estate
Email: mohanad@harbordubai.com

Shatha Al Khatib
PR Account Manager – Harbor Communications
Mobile: +971 50 2908921
Phone: +971 4 325 1616
Email: shatha@harbordubai.com

or visit:

www.harbordubai.com