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.
Get connected to us on Social Media:
Source Code:

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.
Get connected to us on Social Media:
Source Code:

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.

Get connected to us on Social Media:

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.
Get connected to us on Social Media:

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.
Get connected to us on Social Media:

Friday, 14 October 2016

Private Jet Business Flourishes in Dubai

Private Jet Charter, which is independent, its Brokers and Consultants are providing access to over 50,000 aircraft’s. It is said that the aviation business privately is experiencing development and high amount of increase in UAE in general and Dubai in particular which has driven by a multiple number of factors.

The factors favorable include hasty recovery of economics capped with unrest in some parts of the region, thereby generating higher demand for the chartered flights back and forth from UAE.
Picture Courtesy: jetset-dubai.com
Dubai is well positioned to experience a rise in visitors and private jet business because of the disturbances created in other parts of the region according to the chief executive and founder of Private Jet Charter, Hugh Courtenay. He added that the growth in other parts of the Middle East has outdone by the strong performance of the private jet business in Dubai because of the Emirate’s incorporation as a holiday destination.
Picture Courtesy: www.airchartermideast.ae
The ambiguity and uncertainty in some parts of the country of Middle East has spurred the tourists to cancel their bookings of travel to these destinations which attracted more than 25 million visitors previous year.
Dubai can cover around 5 million of these 25 million tourists that can automatically boost the private jet business, according to Courtenay. Most of their clients are high net worth individuals with well off families that look Dubai as a preferable destination, especially when considering the ambiguity in some parts of the regions.
Picture Courtesy: www.arabianbusiness.com
Well off holiday makers look forward for the convenience and time savings in the jet services. The bookings from UAE’s wealthy business people and CEO’s and clients involving royal families have emerged as a choice destination for spending the summer vacations.
Get connected to us on Social Media:

10 Million Bulbs To Be Replaced By The Dubai Lamp

The officials of Dubai on 5th October 2016 revealed that the world’s energy efficient, also available commercially LED lamp is launched and named after Dubai.
Around 10 million conventional lamps of the buildings is going to be replaced with the Dubai Lamp by 2021 which would mean that 90% of the energy used for lighting and 6,40,000 tons of carbon emission will be reduced by then, according to the plan of emirates.

This Lamp was revealed at the ongoing (Wetex, 2016) Water, Energy, Technology and Environment Exhibition on 5th October. It is the initiative jointly taken by the Philips Lighting and Dubai Municipality and is a family of 8 LED lamps. The Director-General of Dubai Municipality Hussain Nasser Lootah and President of Philips Lighting Paolo Cervini disclosed the product.
According to the officials, it is a result of a research partnership among two organization resulted in the developing of world’s 1st commercially available LED lamp with the ability to produce 200 lumen per watt.
Picture Courtesy: www.cbnme.com
The households and enterprises reduce the energy consumed to about 90% by replacing the conventional bulbs to Dubai Lamp. It is also quite durable apart from high light and energy efficiency having an average lifespan of 15 times long than that of conventional lamps.
The Dubai Lamp is available in multiple shapes and colors and before the end of the year, 4 versions including cool daylight and warm white color will also available.
Through these versions, the Dubai Lamp will replace 80% of normal lamps used in homes of Dubai. Dubai Municipality and Philips Lighting are getting braced for the supply of 2 million Lamps for residential and commercial use over the city in the coming next year. This can be raised to 10 million lamps by 2021, according to the officials.
Picture Courtesy: newatlas.com
This would result into minimization of almost 640,000 tons of carbon emission. The idea is to save the usage of 1000 gig watt per year. The lamps will be more costly than the ones already in the market. But the energy efficiency, performance, and long durability will provide consumers better deal and benefits.
The Dubai Lamp Initiative focuses on to raise awareness of public for the need for energy saving and also for elimination of carbon emissions. This also supports the Dubai Integrated Energy Strategy which aims a 30 per cent minimization in energy consumption by 2030 and the Dubai Carbon Abatement Strategy targets reducing carbon emissions by 16 per cent by the year 2021.
The CEO of Philips Lighting says that this objective and result-driven partnership with Dubai Municipality is a top instance of how a public-private partnership organization can deliver innovation which is practical and cost-effective both for consumer and professional markets while fighting with the issue of climate change.
Bright facts-
  • The Dubai Lamp is a cluster of 8 LED lamps
  • Can replace conventional lamps in cool daylight and also in warm white colors
  • 3W MR16 Spot to replace 50W halogen spot
  • 1W Candle Lamp can replace 25W conventional lamp
  • 2W Bulb to replace 40W incandescent lamp
  • 3W Bulb to replace 60W incandescent lamp
  • The lifespan of a Dubai Lamp is 15 years based on usage of 1,000 hours per year

The ‘Ultimate Guarantee’ In Dubai From Real Estate Developers

A few designers in Dubai are giving 100 for each penny development ensures, which is “a definitive assurance” that any engineer can give, Real Estate Regulatory Agency Chief Executive Officer told Emirates 24|7.
“There are designers who have given 100 for every penny development assurance and this is a definitive certification,” said Marwan receptacle Ghalita without giving names of the engineers.

It is mandatory for each designer in Dubai to open an escrow account under Law No. (8) Of 2007 concerning escrow represents land improvement. The entire installment got from financial specialists must be kept in it. Cash is discharged by Rera after it surveys the venture’s development having met the required rate.
Picture Courtesy: www.elitecity.ae
Rera boss said they were no more perplexed of activities being slowed down, as engineers were propelling undertakings to construct them than simple offering them.
Designers need to finish their tasks with a hefty portion of them needing to begin offering simply after the venture nears consummation. This demonstrates the business has developed over the time.”
Picture Courtesy: www.3villaz.com
Among the ensures looked for is 100 for each penny of the land cost to be paid by the engineer, at least 20 % of the development cost to be saved with Rera with contractual workers paying another 10 for every % of the development cost.
The Dubai Land Department has reported Dh55 billion worth of property exchanges over all classifications in the main quarter 2016.
Ghalita said investors had turned out to be exceptionally savvy and were making inquiries on materials utilized; manageability completes and benefits charges, which was not already the situation.
Picture Courtesy: www.emirates247.com
We reported before that Rera boss needed designers to eliminate benefit charges by assigning some divide of the developed territory in their undertakings to produce income.
My recommendation to designer is to distribute a portion of the developed territory for income era. Begin with 50 for each penny of the administration energize going to 70 for every penny of the administration charge to be secured from this benefit and not from the speculator. Subsequently, the speculator will pay just 30 for every penny,” Ghalita had said on sidelines of the Dubai International Government Achievements Exhibition (DIGAE 2016).
Get connected to us on Social Media: