Tuesday, 15 November 2016

The Dubai Property Market Is Now More Easy On the Budget

The Dubai property market is currently more simple on the financial plan with a scope of alternatives for the resident. In the event that you like to purchase and live in a flat or villa or you are a youthful financial specialist with cash to save, there are no deficiency of flats.  Recent launches by Emaar and Dubai South go under Dh1 million. You can likewise purchase units in The Pulse.
Studios here are estimated from Dh280,000. A one-room goes for Dh480,000, while Dh720,000 is for a two-bed. The MAG 5 Boulevard in Dubai South propelled studios beginning from Dh449,000 and two-room pads from Dh799,000.

“In the course of the most recent six months, there have been a plenty of launch hat have been under the Dh1 million stamp, prevalently in Al Qudra street and Dubai South. Emaar South, Pulse, Nshama and Akoya Imagine are resetting costs.
“In the course of the most recent six months, there have been a plenty of launch hat have been under the Dh1 million stamp, prevalently in Al Qudra street and Dubai South. Emaar South, Pulse, Nshama and Akoya Imagine are resetting costs.
Picture Courtesy: www.khaleejtimes.com
“This adjustment in strategy has given a passage indicate financial specialists to get costs that were like 2002-2004,” says Hussain Alladin, head of research at GCP Properties.
Purchasers are hurrying in, plainly demonstrating a repressed request in the moderate portion. In spite of the fact that a considerable measure of activity is moving to Dubai South, there is a note of alert.
“Dubai South is a significant long route far from completion. Likewise, consider that it is under the flight way of the Al Maktoum International Airport and could be affected via flying machine clamor,” cautions Craig Plumb, head of research, JLL Mena.
A portion of the enormous developers that have propelled value-for-money projects are Dubai South (The Pulse), Danube Properties, Nshama (Town Square), Azizi and GGICO. “At these costs, they offer great esteem for cash and huge extension for appreciation. Indeed, even the RoI on such properties ends up being more appealing than costly properties,” illuminates Niraj Masand, fellow benefactor, and executive at Banke International.
Numerous homebuyers prefer under-development or ready properties. As far as prepared to-move units esteemed at or beneath Dh1 million, look at apartments in International Media Production Zone, Dubai Sports CityDubai Silicon Oasis and in Dubailand people group, or townhouses in Jumeirah Village Circle and Jumeirah Village Triangle.
“One-bedroom apartment and Studios in Dubai Marina are dependably popular for fleeting occasion, official rental and also long haul rental. Furnished units provide yearly net rental yields of 10% when you consider opening and expert transient administration costs which can extend from 20 for every penny to 25 for each penny. Remraam apartment are liberally proportioned and perfect for spending plan cognizant proprietor occupiers and financial specialists. There are studios from Dh420,000, one-beds from Dh 600,000, two-beds from Dh880,000 and 3-beds from Dh1.3 million,” says Hajje.
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Wednesday, 2 November 2016

Dubai Healthcare City to Witness Project worth Dh470 Mn by Azizi Developments

Leading real estate developer, Azizi Developments which is UAE based with global reach to the international markets, has commenced its recent projects in the emerging Dubai Healthcare City viz. Azizi Aliyah. Fully serviced residence, a B+G+2P+14+R structure, is the first project in Dubai Healthcare City of Azizi Developments conveniently located between Burj Khalifa and the future tallest skyscraper in the world, the Tower.
Azizi Aliyah is due for the completion in 2018 & valued at Dh 470 million. The residence will encompass 191 studio apartments, 20- 2 bedroom apartments and 135- 1 bedroom apartments.

Farhad Azizi is the CEO of Azizi Developments says that Azizi Aliyah has encompassed their line of luxury apartments which cater towards the lavish & healthy lifestyle of professionals or nuclear families. Affluent singles, families, investors & business owners will also be allowed to have valet services, contemporary, healthy living, concierge & of green spaces.
Picture Courtesy: emirates247.com
He continued that investing in this is convenient as its location and they are delighted to announce the offering flexible payment system affordable enough to suit each individual client: 30% of the payment during construction with 70% upon completion & handover. Azizi Developments offer their services to investors to fully manage the process of renting units for them. The in-house renting option puts their clients at ease, removing concerns about renting out their investments themselves.
Stretched over a total construction area of 482,123 square feet, Azizi Aliyah will include prospective investors with its easy approach to outdoor sports parks, transportation, community retail centre, common areas, schools, gardens, private pools, spa & gym.
In addition to its scenic beauty, is the ease of its access to Sheikh Zayed Road, Emirates road, Al Khalil Road & close proximity to Dubai Creek, Wafi City & Business Bay. The development of Azizi Aliyah at its mobilization & fencing stage is a luxurious community which encapsulates the healthy lifestyle principles while located near major Dubai icons & attractions.
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Villas In Dubai Selling For Dh 10 Million At Ultimate Prime Residential Location

Luxury villas in emirates hills costing more than Dh 10 million have registered a soaring hike in its sale, of about 45%. According to a consultancy, emirates hills have reported the promising 40% increase which is the highest transaction amount amongst all top villas during past four years. Identical trends have been followed when we talk about sales price of villas and their rents. This has kept the yields stable between 3.5-3.7% over the past 4 years.

Company CEO David Godchaux said that with limited stock and without new supply of this scale of quality in such close surrounding, these properties have central location and close adjacency to other top residential and economic clusters which makes it most desired after ultra prime localities in Dubai for international investors and buyers.

Picture Courtesy: greenhouse.ae

To gain advantage on these factors, it’s expected that this prime submarket will hold value in mid to long term along with carrying an elite address status.

Dubai Marina

Despite of the selling activity in Dubai Marina fallen over by 25% and as it has been keep falling every passing year, the community has created value for the buyers as the prices ease.
Picture Courtesy: drscdn.500px.org

Dubai Marina observed high transaction activity in apartments over last few years. As expected, occupancy levels of headlines are almost 90% within top performing towers and top rental market has paused relatively due to continued demand from migrants.

The CEO adds that the prime sale prices have hit a low of about 8% each year although it has created opportunities for investors through steady yields averaging between 5-6%.

Downtown Dubai
Picture Courtesy: 4.bp.blogspot.com

The ease in sales market is pushing the prospective investors to take long term approach by holding properties and leasing out core assets instead of flipping in Downtown, as the rental market continues being strong.

The transaction levels have dripped down by 19%. The district Housing Burj Khalifa, the tallest tower in the world and Dubai Opera maintains high headline occupancies right now spanning over 85% across most of the prime towers.

Rental market has displayed a rise of 2%, an year on year raise bucking apprehensions of weakening rental demand due to a unifying financial jobs market.

Top residential property prices in Dubai are almost 60% beneath of New York’s, 75% below London and 85% below top ones of Hong Kong.

“Supported by existing ease of sales market, potential capital appreciation and higher long- term yields, Dubai’s top residential real estate holds very good value as per the global levels”.

With low holding charges and lower transaction costs, Dubai stacks up complying against other competing global cities as an investment destination for individuals and investors globally and with ultra high net worth.

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Monday, 24 October 2016

Dubai’s First Avenue Mall and Hotel on Track to Open Soon

In motor city, Dubai, a new shopping mall and hotel is ready to open early in the coming year as part of the investment worth DH 500 million which will drive tremendous growth in the city’s most sought suburban quarters. First Avenue will have 70 high street retailers and 15 casual restaurants for dining, situated a t the edge of Dubai Autodrome. The four-star hotel of 150 rooms adjacent to the mall will have its operations monitored by Park Inn by Radisson.

The race track at Dubai Autodrome is overlooked by the hotel. It will be a social and retail hub for the union properties build by Motor city, with a unique lifestyle and automotive theme. The two storey building stretches across 5 lac sq/ft with a km roadway linking at each end. It is owned and build by the Saudi’s Al Tawfeeq for development and Investment (ATDI) and is going to launch in the first quarter of next year.
Picture Courtesy: emirates247
First Avenue is the fastest developing suburban area of Dubai, nearby Sports City, Al Barari, Silicon OasisArabian Ranches, Mudon, Nshama, Dubai Production City and Studio City.
The expo site 2020 and Maktoum International Airport is a short drive away from it, also the site is rich in amenities like swimming pools, schools and parks. First Avenue is designed to be environment-friendly, European-style mall, with an indoor as well as outdoor boulevard with arabesque influences.
The footfalls is expected from largely dense catchment area with the restaurants, shops, healthcare services and a hotel attracting customers around different market segments like families, business people or tourists. The communities can get all the amenities they require at the First Avenue thereby making it a top destination all week round rather than only a place to go to during weekends. It will also have a children’s play area with an underground park with 400 spaces.
The Park Inn will be having an all-day restaurant, lobby, meetings & events space, gym, spa and swimming pool and can be accessed from anywhere directly from the mall.
The Dubai Autodrome remains open throughout the year offering indoor and outdoor karting and racing experience, it also has a world class motor sport facility with national & international races & suits for corporate hospitality.
Picture Courtesy: emirates247
The General Manager (GM) of ATDI says that First Avenue is an exciting project whose attraction for the tourists, business people & families is same as it is for the sports, racing and racing enthusiasts. Another concerned authority said that the project is distinct because of the excitement of the race track plus the added touch of contemporary style shopping along with the hotel experience.
By the time 2020 will hit, the population of Dubai will expected to rise up to 2.8 million with an average growth rate of 3.8%.  Most of this growth will be because of the expatriates who comprise around 90% of the population.
Around 1/3rd of the population of UAE is in between 25 & 34 having a strong spending power. By 2020, the government wants 20 million tourists to visit Dubai with the hotels ready to provide them the hospitality infrastructure. By 2020, Dubai’s retail market is expected to witness an exceeding $52 billion in sales with an average annual rise of 8% and more as per the Dubai Chamber of Commerce & Industry.
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Monday, 17 October 2016

World Green Economy Organization Initiated By Mohammed Bin Rashid

Organizers of UAE’s first world green economy organization, launched on October 5th, 2016, say that it will start a culture of green economy in the country, the region and also around the world. This Dubai based organization is started by Sheikh Mohammed Bin Rashid Al Maktoum, who is also the vice president and PM of Dubai. In the field of green economy, it will provide financial, moral and technical support and it also aims to be a primary reference for green sector entities doing research associated with clean energy, human protection and the environment.

WEGO has been formed through initiative and support of Dubai government partnered by United Nations Development Programme. The PM has stated that WEGO will be supported by several countries and global organizations. It will turn out to be impressive for membership applying. According to UNDP, UAE has set an example for other nations, also that leadership like this is needed in every country.

Picture Courtesy: www.wam.ae
The ministry of Climate change & Environment is working to achieve 27% renewable energy level by 2021 to meet UAE’s commitment to Paris Agreement. This formation is a crucial step to reach UN’s sustainable Development Goals 2030. Making sure of a global cooperative effort, is the key to facilitate the change to a green economy.

Picture Courtesy: emirates247.com
The vice chairman of Dubai supreme council of energy & CEO of Dubai Electricity & Water Authority (DEWA) praised Sheikh Mohammed for the creation of green economy organization for providing the vision to help thus enhancing Dubai’s position as the global capital of the green economy.
The summit addressed the UAE’s commitment to the Paris Agreement to restrict the increase in global temperatures to 1.5 degree Celsius, under the theme “Driving the Global Green Economy.
2016 summit theme is ‘Driving Global Green Economy’ to promote Dubai’s top position as a universal capital of green economy and an example to follow in achieving high yardsticks of energy efficiency and development of the renewable energy share for the greater good of all nations of the world, and to keep in line with the best global sustainable practices.
Picture Courtesy: www.wam.ae
Dubai Declaration delivered in the first green economy summit in last year to help promote its place as a global capital of green economy and sustainable development. Dubai continues to work on the same to raise key issues like clean energy.
The large audience was told that efforts are under way by initiatives such as the Solar Park to meet the Dubai Clean Energy Strategy 2050 which demands Dubai’s 7% energy from clean sources by the year 2020, 25% by 2030 and 75% by 2050.
Picture Courtesy: emirates247.com
International Renewable Energy Agency’s director General Adnan Z Amin said the world welcomes strong & dedicated green plans such as those advanced by Dubai will meet the rising demand for energy in the years to come, globally.
In this trend, UAE has been a pioneer, noting that Dubai has been recorded for lowest-priced solar energy production hour the year 2016, per kilowatt which is helping to discourage future use of fossil fuels.
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