Rustar Real Estate was founded in 2003 after the issuance of a decree of the government of Dubai, which allowed the sale of real estate in the emirate to foreigners. Today, the number of employees of the company is more than 40 people, and the total number of employees of the group of companies exceeds 400. Over the years preceding the opening of Rustar Real Estate, the founders of the company, in practice and theory, were able to study the history of the Emirates market and gain extensive experience in the UAE business sphere , which allowed us to form a progressive business structure and focus on the interests of the client.
The main specialization of the company is the provision of all types of services in the upscale real estate market of Dubai. Rustar provides the client with the opportunity to choose from a wide variety of offers on the market, including the purchase, sale and rental of housing, conducts the necessary financial and legal settlements, visa support, and also offers services for making profitable investments in the developing Middle East region. During its existence, the company has sold Dubai real estate in the amount of more than 1.7 billion dirhams.
The portfolio of Rustar Real Estate services includes:
- Providing complete information about the UAE real estate market
- Selection of options according to customer request
- Consultations of lawyers and lawyers
- Registration of sales contracts
- Assistance in obtaining mortgages
- Deal Confidentiality Guarantee
- Implementation and implementation of interior design projects.
Rustar Real Estate is an active participant in the Emirates real estate market: in accordance with the laws of the Emirate of Dubai, the company has registration in the Land Department of the city, as well as a valid license to conduct activities as a broker. Since 2005, is a member of the Dubai Realtors Guild - Dubai Property Group.
Scope of the company
Realtor Services
As a real estate broker, Rustar Real Estate successfully collaborates with the largest developers of the United Arab Emirates - Nakheel, Emaar, IFA Hotels & Resorts, Dubai Properties, ETA Star Properties, Tameer and others. Financial support for investments is provided by leading Dubai companies - Tamweel, Amlak and large local banks Emirates Bank, HSBC, ADCB, etc.
The main advantages of Rustar Real Estate as a professional broker is the ability to offer the client:
- A full range of investment options in the market, including the secondary market
- Independent expert assessment of the quality of the object and the profitability of the investment
- A price similar to the offers of the developer
- Transaction support services until the day the property is commissioned;
- Necessary financial and legal settlement
- A wide selection of financial institutions offering mortgage lending
- Assistance in the subsequent profitable resale of property.
Real estate development
In the spring of 2006, Rustar Real Estate held an official press conference in Dubai, at which it announced the start of construction of its first facility in the emirate. Rustar's partner in the development and management of the new Marina 101 Hotel & Residence multi-storey complex is Sheffield Real Estate, a well-established development company in the local market. Sheffield is a successful developer in the Dubai market since 2002, erecting 12 large facilities, three of which have already been completed.
The prestigious area in the heart of the “new” Dubai, Dubai Marina, was chosen as the site for the construction of the new facility. Marina 101 consists of three parts: a five-star hotel on the lower floors, furnished apartments in the middle of the complex and standard apartments on the upper levels. Apartments with views of the sea and the artificial island Palm Jumeirah, bearing the name of the Eighth Wonder of the World, are designed to be a wonderful vacation spot for Russians and other foreign investors. The total built-up area of the project is about 92,000 sq.m.
The contract for zero-cycle work was signed with the Middle East Foundation, whose portfolio includes such significant objects as Dubai Marina, Dubai Internet City, Dubai International Airport and Dubai Metro. All construction work at Marina 101 is supervised by the National Engineering Bureau, which has extensive experience in consulting and project management such as Jumeirah Lake Towers, Dubai Marina and Dubai Sports City. Anticipating the schedule by two weeks, geodetic, land, pile and other works were completed at the facility. The foundation pit of the building was completed within three months, and active construction of individual floors is currently underway.
Potential buyers and successful investors have the opportunity to constantly follow the news from the construction site from anywhere in the world thanks to the website www.marina101.com, which regularly contains fresh photos and additional information about the project.
Investments
Currently, the company's investment portfolio includes more than 170 luxury villas of the Jumeirah Village complex under construction, plots of land for construction in the Dubai Waterfront project with a built-up area of 34,300 sq. M. m and in the project Business Bay building area of 37.513 square meters. m. Based on its own successful experience, the company provides services for the management of investment portfolios in the real estate sector of Dubai. The company has accumulated extensive experience in interacting with government agencies of the country and large commercial organizations, thus successfully establishing itself in the Dubai and Russian markets.
Financial indicators Rustar Real Estate
Rustar Real Estate management, consisting of highly qualified specialists with extensive experience in real estate in the markets of Russia, the Emirates, the United Kingdom and North America, is taking active steps to constantly increase the company's wealth.
General indicators of sales for the period 2004 - 2007
Based on the data on sales volumes obtained by the company over the past three years, certain conclusions can be drawn about current trends. The main article of Rustar sales is residential real estate: villas - 36% of the total, apartments - 41%. Almost 1/5 of the total sales are occupied by large investment transactions - sales of entire floors (19%). The share of office space is reserved for only 4%. The nature of such an insignificant indicator is mainly associated with general market trends - the demand for offices, and accordingly the rise in this sector, began a few years after the general development.
Annual sales
The first sharp jump in growth in annual Rustar sales (about 300%) was in 2006. This is due both to the stable growth of the real estate market in Dubai as a whole, and to the active expansion of the company itself (acquiring developer status, opening a rental department, increasing the staff in the brokerage services department, etc.) in particular. The trend of rapid growth continues in 2007 - sales for the first quarter of this year already accounted for more than 80% of the annual figures for 2006. The decisive role in this case is played by the rapid increase in sales in the field of large investment transactions - the sale of entire floors.
Foreign representatives
During its activity, Rustar Real Estate was able to create and successfully develop an extensive network of direct representatives and agents of the company abroad. Rustar Real Estate has partners / representatives for the sale of Dubai real estate in different countries of the world, focusing primarily on the Russian-speaking market and its purchasing potential.
The company also has representatives in Ukraine, India, Germany and Canada.
Marketing strategies
Rustar Real Estate is conducting an active advertising campaign in both the Russian and Dubai markets.
Print Advertising
- Russian-language publications in the UAE - magazines "Russian Emirates", "Business Emirates", "Guide to the UAE. Keys of the East" and others.
- English-language publications - Gulf News newspaper, Property Weekly newsletter, Dubai Property & Construction Official Directory, Yellow Pages Dubai, Dubai Property & Investment Guide, etc.
- Publications in the Moscow editions of The New Foreigner, Director of Info, World and Home, Aeroflot, High Flight, Caravan of History, Real Estate Book, etc.
- Rustar Real Estate also creates its own Russian-language and English-language printed materials on popular Dubai real estate projects: brochures, flyers and booklets.
Exhibitions as an element of marketing strategy
Rustar Real Estate is an active participant in the largest real estate exhibitions both in the United Arab Emirates and in Russia and other CIS countries. Since 2004, the company has been regularly represented at the largest annual exhibition in the UAE - Cityscape Dubai.
In 2006, the event was recognized as the largest exhibition of real estate, construction and architecture in the world: with an exhibition area of 55,000 sq.m. The stands of hundreds of professionals from these industries from 85 countries of the world are located. Rustar Real Estate took a direct part in the grand event, presenting two stands to visitors at once. The second most important event of the year in Dubai for the company is the Dubai Property Investment Show, in which Rustar has been participating since 2005.
Since the Russian-speaking market is the main specialization of Rustar, real estate exhibitions in Russia are priority for the company. These include DomExpo, Moscow Property Show, Realtex, Extravaganza Show, Millionaire Show, Real Estate Fair in St. Petersburg "Spring", Realtex and others.
Rustar Real Estate Website
Rustar is committed to providing the opportunity to get to know ourselves as a serious and reliable partner in any area of cooperation. The Internet site helps her in this - a kind of trading platform, which should be pleasant, conducive to communication, and also convenient for visitors. Once on the start page of the Russian-language page rustarrealestate.com, you will instantly decide where to move on. Whether it’s information about the company, about real estate projects equipped with photographs and plans, the latest news about the situation on the market in Dubai or just the contacts of the company - everything is unfolded in full view.
Interactive map
From the map of Dubai presented at www.rustarrealestate.com, you can examine the exact location of the city’s real estate projects. You can navigate the map in three different ways: through the minimap, selecting the desired project from the list below the minimap or using the arrows located around the perimeter of the big map. To find out more about the project you are interested in, you just need to click on the object selected on the map with the cursor. Thus, starting from a location you like — for example, proximity to the sea, you can get an idea of several objects at once and compare them at once by going to the “About projects” section.
About projects
The list of projects featured on Rustar's website is one of the most comprehensive and accurately cataloged sources of this kind of information ever created on Dubai property. The 30 largest construction projects of the emirate, sometimes having more than a hundred independent subobjects inside, are illustrated with photographs, as well as reliable layouts. This is done for the convenience of visitors who want to get acquainted with the diversity of local architecture. If you want to check the availability of housing in the object you like, you can instantly go to the Rustar database.
Database
Rustar uses one of the most advanced real estate system databases developed specifically for this market area in the emirate of Dubai. In the electronic database of the company there are more than 1000 real housing units that you can choose and be almost sure that the apartment / villa you like is not yet sold. The database is updated daily directly by the sales consultants responsible for a particular object. It is in this section that you will see real prices, specific footage and other details of your future purchase. Directly from here you can contact the person responsible for the facility by phone, send a request by e-mail, or start electronic correspondence with the agent live - in the Live Chat section.
